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CNOOC Revenue Doubled in First Quarter Period
CNOOC Ltd., a unit of China’s biggest offshore oil producer, said revenue more than doubled in the first quarter after crude prices rebounded and domestic demand surged.
Sales rose to 30.5 billion yuan ($4.46 billion) from 13.95 billion yuan in the same period last year, according to a statement the Beijing-based company released to the Hong [...]
Royal Dutch Shell Reported Net Profit First Quarter Increase 57 Percent
Royal Ducth Shell, Europe’s biggest oil company, reported net income for first quarter increased 57 percent. Factor increase in net income, an increase in global oil prices, increased oil production and cut costs. Oil production in the first quarter of 2009 reached 3.59 million barrels of oil per day.
Shell reported net income of $ 5480000000 [...]
Conference Board of Canada : Oil Extraction Industry Profits Increased to Reach $8 Billion
Higher prices and production will drive revenues to outpace costs, pushing pre-tax profits in Canada’s oil extraction industry to $8 billion this year, the Conference Board of Canada said Thursday.
But while this is a 66-per-cent increase from 2009 levels, the board noted in its latest industrial outlook that this level is well below the industry’s [...]
Oil Rose Above $80 a Barrel Caution Ahead of OPEC Meeting
Oil prices rose above $80 a barrel on Tuesday as equities rallied but gains were capped by caution ahead of an OPEC meeting and expected monetary policy moves from the world’s top two oil consumers, the United States and China.
U.S. crude oil prices for April rose $1.14 to $80.94 a barrel by 1315 GMT, after [...]
Risk Oil Prices Declince, OPEC To Keep Quota To Support Oil Price
StatoilHydro ASA, the world’s largest offshore oil and gas operator, said there’s a risk oil prices will decline amid concern the economy will re-enter recession, prompting OPEC to maintain quotas this week.
BHP Reported The Production Of Iron Ore In The Fourth Quarter Decreased 10 Percent
BHP Billiton is the largest companies based in Melbourne. BHP Billiton is one of the largest mining company producing iron ore after Rio Tinto, Vale. The three companies are companies that supply the world supply of iron ore.
Oil Industry Investment To Continue Decline in 2010 If Crued Oil Prices Steady
Mr Helge Lund CEO of Norwegian oil and gas producer StatoilHydro as saying that, the company expects the oil industry’s investment spending to continue to decline in 2010 if oil prices remain steady around current levels.
Australian Mining Sector Forecast Iron Ore and Copper Mine Production Increase To June 2010
Australia forecast a strong rise in iron ore production and a 10 percent jump in copper mine output in the year to June 2010, even after factoring in a more prolonged economic slump that has already triggered supply curbs.
Australian Mining Companies Forecast Strong Increase Iron Ore-Copper Mine Production
Australia forecast a strong rise in iron ore production and a 10 percent jump in copper mine output in the year to June 2010, even after factoring in a more prolonged economic slump that has already triggered supply curbs.
