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- Thu, 11 Mar 2010 16:34:00 GMT
BP Enters Brazil Market with Devon Acquisition - Zibb.com
(MarketNewsVideo.com via COMTEX) -- By MarketNewsVideo.com Companies: BP p.l.c (BP), Devon Energy Corp. (DVN), Petroleo Brasileiro SA Petrobras (PBR) BP (BP) said it is acquiring a bundle of assets from Devon Energy (DVN), which will marks its entry into More...
Zibb - Thu, 11 Mar 2010 16:34:00 GMT
OPEC President Sees Stability In Oil Market
QUITO -(Dow Jones)- OPEC President Germanico Pinto said Thursday he saw reasonable stability in the oil market. 'At the next cartel meeting, no policy changes will be necessary,' said Pinto at a press conference. Pinto, who is also the Ecuadorian More...
Nasdaq - Thu, 11 Mar 2010 16:33:00 GMT
Brazil Petrobras Discovers Oil In Colombia's Balay Block
RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4. BR) said Thursday that it had discovered oil at a well in Colombia. The discovery was made in the Balay inland block. Petrobras holds a 45% operating stake in More...
Nasdaq - Thu, 11 Mar 2010 16:33:00 GMT
Trade deficit shrinks as auto and oil imports drop
FILE - In this Feb. 24, 2009 file photo, imported cars are seen stored in a lot after being offloaded from a ship at Port Hueneme, Calif. The U.S. trade deficit unexpectedly shrank in January, 2010, reflecting a big drop in imports of oil and foreign More...
Houston Chronicle - Thu, 11 Mar 2010 16:33:00 GMT
Chevron Executive Michael Greeney Named AFCOM's 2010 Data Center Manager of the Year
Houston, Texas-Based Data Center Facilities Team Leader Greeney Honored With Award at AFCOM's Data Center World Conference and Expo in Nashville, TN NASHVILLE, TN -- (Marketwire) -- 03/11/10 -- AFCOM, the world's leading data center association, More...
Sys-Con Media - Thu, 11 Mar 2010 16:33:00 GMT
Exxon's Annual Production To Increase 2%-3% Through 2013
NEW YORK (Dow Jones)-Exxon Mobil Corp.'s (XOM) production is estimated to grow 2% to 3% this year and about the same percentage range through 2013, the company said Thursday. Speaking to analysts during the company's annual meeting in New York, Exxon More...
Nasdaq - Thu, 11 Mar 2010 16:32:00 GMT
Natural gas stocks declined last week
NEW YORK -- Natural gas stockpiles fell last week, the government said Thursday, although they remained above the 5-year average. More...
Washington Post - Thu, 11 Mar 2010 16:32:00 GMT
RWE npower to invest US$149 million in UK gas plant upgrade
Project News , More...
Your Industry News - Thu, 11 Mar 2010 16:32:00 GMT
TG World Acquires Interest in Philippine Oil Project
TG World Energy Corp. (TSX VENTURE:TGE) ('TG World' or the 'Company') has signed farm-in agreements for a 12.5% equity interest in two Philippine offshore development ready oil discoveries. The property, known as Service Contract 54A ('SC54A') is located More...
Your Industry News - Thu, 11 Mar 2010 16:32:00 GMT
Sembcorp Marine's Jurong Shipyard Secures S$130 Million Pre-FPSO Conversion Contract From Petrobras
Oil & Gas News , Ship Building News , Project News , > Asia , > More...
Your Industry News - Thu, 11 Mar 2010 16:30:00 GMT
CORRECT: Exxon: Capex To Be About $28 Billion In 2010
('Exxon: Capex To Be About $28 Billion In 2010,' at 9:53 a.m., EST, incorrectly reported that capital expeditures were a decrease from 2009 in the first paragraph. The correct version follows) Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)-Exxon Mobil Corp. More...
Nasdaq - Thu, 11 Mar 2010 16:30:00 GMT
BP bags Devon bounty
BP is stepping into the Brazilian deepwater market in a US $7 Bn deal with Devon Energy which which also involves increasing its equity in the Azeri Chirag Gunashli development in the Caspian Sea and greater exposure to the US Gulf of Mexico region. BP More...
Offshore247.com - Thu, 11 Mar 2010 16:30:00 GMT
As oil rallies, physical market suggests ample supply
The contrast between the oil price , which topped $83 a barrel on Wednesday, and signs of weak physical markets might preoccupy OPEC when it meets on March 17 and raise the issue of whether markets have too much oil. 'If you get on the ground and look at More...
Reuters India - Thu, 11 Mar 2010 16:30:00 GMT
SimulationX Strengthens its Position in the Oil and Gas Market
Agito, the distributor of SimulationX® software for the offshore / subsea industry, announces that SimulationX has taken the next step to providing a complete simulation software package for subsea applications. The SimulationX subsea library is fully More...
Offshore Technology - Thu, 11 Mar 2010 16:30:00 GMT
U.S. jobless claims fall, trade gap narrows on oil
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 462,000 from 468,000 the prior week, the Labour Department said on Thursday. That was a touch less than market expectations for 460,000. Separately, the Commerce More...
Reuters India - Thu, 11 Mar 2010 16:30:00 GMT
200 Teachers Selected to Attend the National Mickelson ExxonMobil Teachers Academy
Extract not available. More...
FOXBusiness.com - Thu, 11 Mar 2010 16:28:00 GMT
CORRECT: Exxon: Capex To Be About $28 Billion In 2010
Extract not available. More...
FOXBusiness.com - Thu, 11 Mar 2010 16:28:00 GMT
Workhorse delivers updated W62 gas chassis to UPS
ST. LOUIS. UPS has taken delivery of an updated Workhorse Custom Chassis W62 gasoline-powered chassis, Workhorse announced here at the National Truck Equipment Association (NTEA) Work Truck Show. The upgraded W62 includes a 6.0-liter GM Vortec gasoline More...
Fleet Owner - Thu, 11 Mar 2010 16:28:00 GMT
Solazyme, Unilever Partner on Algal Oil-Based Personal Care Products
Solazyme, a renewable oil and bioproducts company, has inked a research and development deal with Unilever to develop an algae-based oil that can be used in its soaps and other personal care products. This follows a year-long collaboration between the More...
Environmental Leader - Thu, 11 Mar 2010 16:27:00 GMT
BP Eyes 5B Devon Oil Assets
BP is in talks to acquire oil assets from Devon Energy for over 5 billion More...
Institutional Investor - Thu, 11 Mar 2010 16:27:00 GMT
BP Eyes 5B Devon Oil Assets
BP is in talks to acquire oil assets from Devon Energy for over 5 billion More...
Institutional Investor - Thu, 11 Mar 2010 16:27:00 GMT
BP to pay $7 billion for exploration rights
LONDONOil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights in Brazil, Azerbaijan and the Gulf of Mexico from Devon Energy Corp. BP will buy the rights for 10 offshore exploration blocks in Brazil and a portfolio of rights More...
San Jose Mercury News - Thu, 11 Mar 2010 16:26:00 GMT
Natural gas stocks declined last week
Natural gas stockpiles fell last week, the government said Thursday, although they remained above the 5-year average. The Energy Department's Energy Information Administration said in its weekly report that natural gas inventories held in underground More...
Seattle Times - Thu, 11 Mar 2010 16:26:00 GMT
Oil near $82 as traders eye weak US demand
SINGAPOREOil prices fell to near $82 a barrel Thursday in Asia as traders eyed tepid U.S. crude demand amid an overall economic expansion. Benchmark crude for April delivery was down 14 cents to $82.29 a barrel at late afternoon Singapore time in More...
San Jose Mercury News - Thu, 11 Mar 2010 16:26:00 GMT
ANALYSIS-Nigeria still to be competitive after oil reforms
ABUJA, March 11 (Reuters) - Controversial plans to overhaul Nigeria's oil and gas sector will leave the OPEC member no less attractive to new investors than peers, but will not immediately resolve problems of funding, security and corruption. The More...
Reuters Africa - Thu, 11 Mar 2010 16:26:00 GMT
Q+A-What will Nigerian oil reforms mean for investors?
ABUJA, March 11 (Reuters) - Nigeria's plans to overhaul its energy sector have proved controversial, with some foreign firms warning they will deter billions of dollars in investment but the government insisting they are in the national interest. The More...
Reuters Africa - Thu, 11 Mar 2010 16:26:00 GMT
FACTBOX-Bullish and bearish factors behind oil price
March 11 (Reuters) - Oil prices hit a near two-month high above $83 a barrel this week, breaking out of the $70-$80 range which has held for most of the last five months. U.S. crude CLc1 has recovered more than 150 percent from a low of $32.40 reached in More...
Reuters Africa - Thu, 11 Mar 2010 16:25:00 GMT
Natural gas off 2% after supplies data
NEW YORK (MarketWatch) -- Natural gas futures fell nearly 2% on Thursday, after the Energy Information Administration said U.S. supplies of natural gas fell 111 billion cubic feet in the week ended March 5, in line with expectations. Analysts polled by More...
MarketWatch - Thu, 11 Mar 2010 16:25:00 GMT
NYMEX-Crude choppy, dips on China inflation worry
* China inflation sparks concern about monetary tightening * Dollar edges up vs euro, usually bearish for crude NEW YORK, March 11 (Reuters) - U.S. crude oil futures seesawed on Thursday after being weighed down early by fears monetary tightening in More...
Reuters UK - Thu, 11 Mar 2010 16:25:00 GMT
Refiner Delek posts 4Q loss as demand slides
Extract not available. More...
CNBC - Thu, 11 Mar 2010 16:25:00 GMT
