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Giant Oil and Gas Company, Exxon Mobile Expect To Spend $129 billion on New Project Oil and Gas Exploration
The head of Exxon Mobil Corp. said Monday the company is not planning to shrink its staff or cut back on investment because of the global economic downturn.
Invesment Proposal Of Establishment Of Clean Coal Research Institute
Kevin Rudd has summoned mining and industry chief executives, environmentalists and union leaders to Canberra this morning to unveil a $100 million clean coal research institute aimed at making Australia the world hub for the climate-change-fighting technology.
The launch is the start of a major diplomatic effort to win international support and funding for the plan, [...]
Oil Mine Exploration Investment Future, Extraordinary Potential of Oil Shale
Along the western slope of the Rocky Mountains lies a possible path toward energy independence.
The world’s largest deposit of oil shale is hidden here, beneath a landscape dotted by pinyon pines and twisted junipers.
If the oil industry can learn how to extract oil and gas from the oil shale in a cost-effective manner, the United [...]
Oil Explore Future, BP and Royal Dutch Profits $1.4bn Higher Of Expected
Big oil was back in the spotlight this week and not just because petrol prices hit £5 a gallon on the forecourts. BP and Royal Dutch Shell both reported first-quarter results that smashed market forecasts and then enjoyed sharp share price gains.
One broker calculated that it was the biggest quarterly earnings surprise from BP, with [...]
Oil company Total SA 2Q Profit Drops 1 Percent
Oil company Total SA said Thursday that its second-quarter net profit edged down 1 percent as improved refinery margins failed to offset the weaker U.S. dollar.
Net income fell to 3.41 billion euros ($4.66 billion) from 3.44 billion euros in the same period a year ago, said Total, one of the world’s largest publicly traded oil [...]
Oil Exploration Report : Chevron profit jumps 24% on strong refining margins
Chevron Corp., the nation’s No. 2 oil company, said Friday its second-quarter net income rose 24%, propelled by robust refining margins in its core West Coast fuel market and a $680 million gain from the sale of its stake in Houston power company Dynegy.
The results put Chevron CVX at the top end of Big Oil [...]
Exxon Profit Slips As Production Falls
Exxon Mobil profit slipped about 1 percent in the second quarter, disappointing analysts as higher exploration and production costs, and lower oil and gas production offset big earnings in the refining and marketing end of the business.
Though the $10.26 billion in profit was the fourth-largest quarterly profit for a public company in U.S. history, Exxon’s [...]
Oil Exploration : ConocoPhillips writes off Venezuela
ConocoPhillips’ second-quarter income plummeted because of its previously-announced writeoff of the $4.5 billion value of three oil projects taken over last month by Venezuela’s government-run oil company, the Houston-based oil major said today.
The company posted earnings of $301 million, or 18 cents a share, compared to $5.2 billion, or $3.09 a share, in the second [...]
Dejour and Partners Commence Piceance Basin Drilling
Dejour Enterprises Ltd. Robert L. Hodgkinson, Chairman&CEO announces the commencement of drilling on the first of 2 well locations on the North Barcus Creek Prospect by Dejour and its partners, on or about July 18, 2007. This deep basin centered natural gas prospect is located in the north-central part of the Piceance Basin of [...]
