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Chevron To Build Biggest Natural Gas Project in Australia
Chevron Corp. on Monday committed to building Australia’s biggest natural resource project, a $37 billion facility that will pump natural gas from the ocean floor, cool it into a liquid and ship it to the hungry economies of East Asia.
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.
China Oil Company, PetroChina Co. Reported First Time Drop Profit Since 2001
PetroChina Co., the world’s second- largest company by market value, posted its first drop in full- year profit since 2001 after refining losses widened fourfold and crude oil prices slumped.
Cyclone Impact to Mining Exploration Activities, Rio Tinto Halt Export Iron Ore Mine
Oil fields off the north west coast of Western Australia state remain shut in Tuesday due to tropical cyclone Dominic, which has also halted the iron ore exports of miner Rio Tinto Ltd. (RTP).
RIL Plans Power Foray With Mining, Coal-To-Oil Projects
Reliance Industries (RIL) has chalked out an elaborate plan to venture into the power business. The plan includes an integrated project comprising coal mining, a coal-to liquid (CTL) plant, a 1,000-mw power plant based on coal rejects and a fly-ash utilisation unit.
The company has entered into a pact with US energy majors ExxonMobil and Headwaters, [...]
Oil Companies Make Profits At Record-Breaking Levels, U.S Oil Drilling Analysist
With a sign in the background verifying the high price of gasoline, U.S. Sen. Dick Durbin called for curbing excessive speculation in the oil market, which he said is responsible for the continuing escalation of prices at the pump.
He said it’s not just supply and demand that is governing the rapid rise in gasoline and [...]
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 [...]
Chevron’s Finance Reported 1Q Profit of $5.17B
Astounding profits in the oil industry are becoming as routine as the anguished looks of motorists filling up their gas tanks.
Chevron Corp. put yet another exclamation point on the oil patch’s long run of prosperity Friday with a first-quarter profit of $5.17 billion, or $2.48 per share. That was up 10 percent from net income [...]
