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Santos Q3 output rises 5 pct, keeps year forecast

PERTH, Oct 22 - Australian oil and gas producer Santos Ltd (STO.AX) reported a 5 percent gain in third-quarter output on Thursday and kept its full-year production outlook. Santos, Australia's third-largest oil and gas producer, said total output in the September quarter was 13.9 ...

Husky Energy profit drops on prices, production

CALGARY, Alberta, Oct 21 - Husky Energy Inc's (HSE.TO) quarterly profit fell 73 percent as oil and gas prices tumbled from year-earlier levels and production at its offshore Newfoundland oil fields declined, the Canadian oil producer and refiner said on Wednesday. Husky, ...

GE lands $400 million order from major gas project

BOSTON, Oct 21 - General Electric Co (GE.N) has received a $400 million order to supply equipment to the world's biggest new liquefied natural gas development, being built by Chevron Corp (CVX.N) in Australia. The biggest U.S. conglomerate said on Wednesday that it had been ...

Arab oil,gas exhibition opens in UAE

ABU DHABI, Oct. 27 - The 2009 Arab Oil and Gas Show, one of the leading networking platforms for the world's energy industry, opened Tuesday at the International Convention and Exhibition Center in Dubai, the United Arab Emirates (UAE). Saeed Al Tayer, head of Dubai Electricity ...

China's leading oil producer to triple natural gas production

HARBIN, Sept. 13 - Daqing Oilfield, China's No.1 terrestrial oil producer, is expected to triple its natural gas production while stabilizing crude output in the years to come. Wang Yongchun, general manager of Daqing Oilfield Co. Ltd., confirmed Sunday his company would be ...

U.S. strongly opposed to tariffs against Chinese pipe imports

WASHINGTON, Sept. 10 - The U.S. industries Thursday expressed strong dissatisfaction with a U.S. decision to impose preliminary duties on imports of China-made steel pipes, saying such a protectionist move would hurt U.S. companies. The trade restrictions would "hurt U.S. using ...

Oil windfall at heart of tight Norway election

OSLO - Norway's ruling center-left is within reach of becoming the first government to win re-election since 1996 when the North Sea state began investing its oil windfall in an offshore fund. The oil fund has ballooned to $80,000 per citizen, and Norwegians' expectations for ...

Apollo Global to buy Parallel Petroleum for $483 mln

BANGALORE, Sept 15 - Apollo Global Management LLC said it will buy independent oil and gas company Parallel Petroleum Corp (PLLL.O) in a cash deal worth about $483 million, including debt. The alternative asset manager, which is run by investor Leon Black, offered $3.15 in cash ...

Libya fund to buy Canadian oil producer

Canada September 21 - based oil producer Verenex Energy said it has agreed to be sold to the Libyan Investment Authority for about $C314.1 million ($A336.5 million) in cash. In a memorandum of understanding announced on Friday, the sovereign wealth fund agreed to pay $C7.09 per ...

U.S. to end oil, gas royalty-in-kind program

HOUSTON, Sept. 16 - The U.S. will eliminate its scandal-ridden royalty-in-kind program that allows energy companies to pay drilling fees with oil and natural gas instead of cash, Interior Secretary Ken Salazar said Wednesday. "Today, I am announcing a phased-in termination of the ...

BUY OR SELL-Galp up on Brazil oil or to slip on refining?

LISBON, Sept 16 - Stocks in Portugal's energy company Galp (GALP.LS) have jumped almost 13 percent this month to outperform most peers, and fund managers named it the month's top pick citing its bright oil production prospects in Brazil. But while some say it is likely to lead ...

Orleans Energy swings to loss in Q2

Aug 13 - Orleans Energy Ltd (OEX.TO), a Canadian oil and gas explorer swung to a second-quarter loss, hurt by a drop in gas prices. Canadian wholesale natural gas prices have fallen sharply in the past one year as inventories across North America have swelled at a record pace. ...

Birchcliff Energy posts Q2 loss

Aug 12 - Canadian oil and gas exploration company Birchcliff Energy Ltd (BIR.TO) posted a second-quarter loss, weighed down by lower commodity prices. The company reported a net loss of C$7.1 million, or 6 Canadian cents a share, compared with a profit of C$9.8 million, or 8 ...

Sibir Energy chairman, CEO step down

LONDON, Aug 12 - Russian oil and gas explorer Sibir Energy (SBE.L) said on Wednesday its chairman and chief executive have both stepped-down from the board. In a statement it said William Guinness would be succeeded as chairman by non-executive director Vadim Yakovlev, while Igor ...

Brigham Exploration sees higher oil volumes in Q3

Aug 31 - Brigham Exploration Co (BEXP.O) expects oil volumes to increase in the third quarter and cash flows to remain strong, and announced positive results at its Figaro 29-32 well in the Bakken shale, sending its shares up 10 percent in trading after the bell. The oil and gas ...

Baker Hughes to buy BJ Services for $4.9 bln

NEW YORK, Aug 31 - Oilfield services company Baker Hughes Inc (BHI.N) said on Monday it would buy smaller peer BJ Services Co (BJS.N) for $4.9 billion to create a one-stop shopping destination for its oil and gas producing customers and better take on the industry's leaders. With ...

New oil production not to affect ethanol industry in Brazil: expert

RIO DE JANEIRO, Sept. 6 - The imminent production from Brazil's new-found off-shore oil field will not have a negative impact on the country's booming ethanol industry, a top energy expert assured on Friday. Mauricio Tomalsquim, president of the Brazilian Power Research Company ...

Transocean says well at BP discovery deepest ever

SAN FRANCISCO, Sept 2 - Transocean Ltd (RIG.N) declared a well that one of its rigs drilled with BP Plc (BP.L) to be the oil and gas industry's deepest -- another deepwater success in the face of a deteriorating shallow-water market. Earlier on Wednesday, Britain's BP had ...

Whiting Petroleum Q2 results top Wall Street view

Sees Q3 production 4.80-5 mmboe July 29 - Independent oil and gas company Whiting Petroleum Corp (WLL.N) reported a surprise second-quarter profit, helped by higher production from its Bakken shale and EOR projects. For the quarter, the company's net loss was $93.2 million, or $1...

Taiwan, China oil firms to seek undersea reserves

TAIPEI, Aug 2 - Flagship oil firms from China and Taiwan will explore again for oil and gas in the Taiwan Strait, an ocean channel that separates the two political rivals, from September, an official from the Taiwan side said on Saturday. Taiwan's state-run CPC Corp [CHIP.UL] and ...
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