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Hungary's oil, gas company Mol named biggest business

BUDAPEST, Jan. 6 - Hungary's oil and gas company Mol was found to be the country's biggest business last year based on revenue, followed by Audi Hungaria and E. ON Natural Gas Trade, business magazine HVG reported on Wednesday. This is the fourth year in a row that HVG has put ...

U.S. energy CFOs see employment steady or higher

SAN FRANCISCO, Jan 5 - Most U.S. oil and gas companies expect steady or rising employment levels this year as demand for oil and gas grows after slumping in 2009, according to a survey of the companies' chief financial officers. U.S. accounting firm BDO Seidman LLP said on ...

ARC Energy Trust raises C$252 mln in bought deal

TORONTO, Jan 5 - ARC Energy Trust (AET_u.TO) said on Tuesday it had raised C$252 million ($242 million) in a bought deal equity offering to help pay off the acquisition of natural gas assets in December. The conventional oil and gas royalty trust said it would use part of the ...

Russian oil flows to Belarus despite talks failure

Russian oil continues to flow to Belarus and via Belarus to the European Union despite a failure by Moscow and Minsk to clinch a new oil supply deal at talks on Saturday, a Russian Energy Ministry spokeswoman said on Sunday. "Belarus is holding back the negotiation process. ...

Shell optimistic for Malaysian oil, gas industry

KUALA LUMPUR, Jan. 7 - World's oil giant Shell will continue to expand its investment in Malaysia in view of the potential of its deepwater fields. Malaysia is a key country for the Shell group so that it will continue to invest in the country to sustain and strengthen its ...

Delta Petroleum explores strategic alternatives

BANGALORE, Nov 30 - Independent oil and gas company Delta Petroleum Corp (DPTR.O) said it is exploring strategic alternatives, including a possible sale of the company. The company, whose core areas of operations are the Rocky Mountain and Gulf Coast regions, said it hired Morgan ...

Goodrich Petroleum to buy Haynesville assets in Texas

Dec 3 - Independent oil and gas explorer Goodrich Petroleum Corp (GDP.N) said it agreed to buy 12,000 net acres in the Haynesville shale in Texas, and forecast production volumes to grow 15 percent to 25 percent in 2010. Goodrich Petroleum also set a preliminary 2010 capital ...

TransGlobe Energy boosts 2010 capital budget by 30 pct

Nov 25 - Canadian oil and gas company TransGlobe Energy Corp (TGL.TO) (TGA.O) said it plans to raise its 2010 capital budget by 30 percent to $46.1 million. Transglobe, which has properties in the Middle East and North Africa, also said it plans to participate in 20 firm wells ...

Alaska forecasts high oil prices, slumping output

ANCHORAGE, Alaska, Dec 10 - A year after oil markets soared to record highs and then crashed, prices have stabilized well off their 2008 highs but more than double their lows, and markets are expected to be calmer for the foreseeable future, Alaska's top revenue official said on ...

Info overload on oil reserves may confuse Wall Street

HOUSTON - U.S. regulators changed the rules for reporting oil and natural gas reserves to increase transparency for investors, but the added flexibility for energy companies may leave Wall Street with an obscured view. Nearly everyone agrees new regulations from the Securities ...

Brazilian oil giant to seek oil in deep waters of Uruguay

BRASILIA, Dec. 8 - Brazil's state-owned oil and gas giant Petrobras, the largest company in the country, will look for oil in deep waters of Uruguay, a company official said Tuesday. A contract for this purpose will be signed later this week, said Jorge Zelada, director of the ...

Aurelian Oil says value of assets raised 381 pct

LONDON, Dec 9 - Aurelian Oil & Gas Plc (AUL.L), a European focused company, said an independent review of its oil and gas business had increased their estimated value by 381 percent to 5.64 pounds ($9.2) per share. Total contingent gas resources were increased 270 percent to 372 ...

Schlumberger economist sees recovery start in 2010

DAMMAM, Saudi Arabia, Nov 1 - Oilfield services firm Schlumberger (SLB.N) expects recovery to begin in its rig activity next year but any upturn will be well below the 2008 peak, the company's chief economist said on Sunday. "Going into next year, ... I think the bottom of the ...

Forest Oil Q3 results trail Street

Nov 2 - Oil and natural gas company Forest Oil Corp (FST.N) posted third-quarter results that missed market expectations, partly hurt by lower commodity prices. Forest Oil posted third-quarter net earnings of $172.3 million, or $1.53 a share, down from $429.0 million, or $4.71 a ...

Turkey, Iran agree on joint oil, gas projects: report

TEHRAN, Nov. 1 - Iran and Turkey agreed on several joint oil and gas projects during the recent visit of Turkish prime minister to Tehran, the English language satellite Press TV reported on Sunday. According to a deal recently signed between Tehran and Ankara, the two sides ...

Leaking Timor Sea oil rig catches fire

SYDNEY, Nov 1 - An oil rig operated by a unit of top Thai energy firm PTTEP in the Timor Sea, which has been leaking for 10 weeks, caught fire on Sunday, officials said. The West Atlas rig operated by PTTEP Australasia, a unit of PTT Exploration and Production (PTTEP) (PTTE.BK), ...

Danish DUC North Sea oil output falls in Oct

COPENHAGEN, Nov 25 - The Danish Underground Consortium's (DUC) oil output from Denmark's part of the North Sea fell by 8.7 percent in October from September, operator A.P. Moeller-Maersk (MAERSKb.CO) said on Wednesday. Oil and condensate output fell to 215,800 barrels per day ...

Berens Energy to explore strategic alternatives

Nov 23 - Berens Energy Ltd (BEN.TO), a Canadian junior oil and gas company, said its board began a process to explore strategic alternatives, but added that it will not disclose the developments until a definitive transaction was approved. There are no guarantees that the review ...

Australia's Cue Energy to list in New Zealand

WELLINGTON, Oct 20 - Australian oil and gas producer Cue Energy (CUE.AX) will list on the New Zealand stock exchange to allow local investors a chance to invest in its New Zealand oil field, the company said on Tuesday. Cue Energy, which also has oil and gas assets in Australia, ...

Gas has gained, but it won't show in results

CALGARY, Alberta, Oct 18 - First, the good news: if you're an investor in Canadian energy stocks, the worst may be over for natural gas markets. But before getting giddy, remember that the oil patch starts reporting third-quarter financial results this week, and those numbers won...
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