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7 ways to invest in the oil boom
Oil prices have been on the rise, but many energy stocks haven’t kept pace. Fortune’s Jon Birger looks at some surprisingly undervalued companies in a still-hot industry.
Since January, the price of oil has risen from $50 to $65 a barrel. Didn’t notice? For casual investors that’s understandable. After all, the last time this happened – [...]
Occidental boss took home $400M in 2006
Occidental Petroleum Corp.’s chairman and chief executive took in more than $400 million in compensation last year, the company said in a filing, one of the biggest single-year payouts in U.S. corporate history.
The largest part of Ray Irani’s 2006 payout was $270.2 million from the exercise of options awarded from 1997 to 2006, representing more [...]
Occidental boss took home $400M in 2006
Occidental Petroleum Corp.’s chairman and chief executive took in more than $400 million in compensation last year, the company said in a filing, one of the biggest single-year payouts in U.S. corporate history.
The largest part of Ray Irani’s 2006 payout was $270.2 million from the exercise of options awarded from 1997 to 2006, representing more [...]
StockMarketNewsAlert.com Issues New Trade Alert for Victory Energy Corporation
StockMarketNewsAlert.com issues New Trade Alert for Victory Energy Corporation (OTC BB:VYEY.OB – News). According to M. D’Alonzo at First Equity Group Inc., recent news flow from the company has been very positive, “The company announced that the company’s joint venture partners indicate a contract has been established for a work-over and completion rig to test [...]
Tenaris to buy Hydril for nearly $2.2 billion
European pipe maker’s purchase of Houston-based Hydril expected to expand Tenaris’s presence in the United States.
Tenaris S.A. agreed Monday to buy Hydril Co., which makes connections and pressure control products for oil and gas drilling, in a cash deal valued at $2.16 billion that will enable the pipe maker to expand its high-end business.
Shares of [...]
Chevron’s profit hurt by natural gas prices
No. 2 oil company says net income dropped to $3.77 billion as oil, natural gas prices decreased during the fourth quarter.
Chevron Corp., the No. 2 U.S. oil company, said Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices.
Net income in the quarter dropped to $3.77 billion, or $1.74 a share, from $4.14 [...]
Gulf of Mexico proved rich in oil in ‘06
The year 2006 was “exceptional” for oil discoveries in the deeper waters of the Gulf of Mexico, consulting firm Wood Mackenzie reported Thursday.
The year saw “a return to form for the region, which has seen disappointing reserve additions in the last two years,” analyst Zoe Sutherland said in a report, “Treasures of the Deep – [...]
Oil giant will spend $700M on development, which could generate up to 30 trillion cubic feet of natural gas.
BP Plc signed a production-sharing agreement with Oman on Monday to develop gas fields that could produce up to 30 trillion cubic feet of natural gas.
BP (up $0.00 to $64.52, Charts) plans to invest $700 million over the next six years to develop the fields, Oman’s Oil and Gas Minister Mohammad al-Rumhy told reporters after [...]
Indonesia Awards 18 New Oil and Gas Contracts
Indonesia’s Energy and Mineral Resources Ministry said it has awarded 18 new oil and gas contracts to eight consortia and 10 individual contractors, via direct offer.
The contractors include the CNOOC-PT Gregori Gas Perkasa consortium, Star Energy Holdings Ltd., the ConocoPhilips-Statoil ASA consortium, Pearl Oil, the Japex-Premier Oil-Kufpec consortium; and the Transworld Exploration Ltd, Well Control [...]
