company

CALGARY, Alberta, Feb 11 - Canadian pension fund OMERS said on Wednesday it has earmarked between C$500 million and C$600 million to ($400 million to $480 million) for acquisition opportunities in Western Canada's oil and gas industry. The Ontario Municipal Employees Retirement ...
MOSCOW - Russia, entering its first recession in a decade, can ill afford to grant major new tax breaks to its oil industry, which has avoided a freefall in production with support from the ruble currency's devaluation. As budget revenues dwindle and the economy shrinks, analysts ...
Feb 10 - Following are the latest oil and gas deals signed by Iran with foreign oil and gas companies. * CHINA: -- Chinese oil firm China National Petroleum Corp (CNPC) signed a deal with the National Iranian Oil Company (NIOC) on Jan. 14, 2009 to develop the north Azadegan ...
HOUSTON, Feb 12 - The collapse of oil prices has slowed efforts to tap vast crude oil and natural gas supplies that lie under the Arctic Ocean but countries like Russia, Canada and Norway are still vying for a potential bounty of energy riches trapped there. The potential payoff ...
Feb 12 - British oil and gas explorer Encore Oil Plc (EO.L) reported a narrower first-half loss helped by a gain from the sale of its Dutch unit. For the six months ended Dec. 31, the company reported a pretax loss of 167,693 pounds ($240,000), compared with a loss of 1.52 ...
OTTAWA, Feb. 11 -- Canadian government officials said on Wednesday that the drop in oil and gas revenues is the principal factor in December's trade deficit. Canada reported its first trade deficit since 1976 in December. Prime Minister Stephen Harper said in Parliament that ...
SYDNEY, Feb 24 - Australian oil and gas producer Woodside Petroleum Ltd plans to sell a U.S. dollar denominated benchmark bond issue with maturities of five and 10 years, market sources said on Tuesday. Preliminary pricing suggests a margin around between 500 and 550 basis points ...
PERTH, Feb 24 - Woodside Petroleum Ltd , Australia's second-largest oil and gas producer, has found more gas near to its key Pluto export project, a discovery which could support the project's swift expansion. The results, while preliminary, could bring Woodside a step closer to ...
PERTH, Feb 24 - Oil Search Ltd , an Australian-listed oil and gas producer, posted a 70 percent jump in 2008 net profit, helped by record high oil prices for much of last year, but forecast a fall in output this year. Oil Search also slashed its 2009 exploration budget to $70 ...
WASHINGTON, Feb 23 - Expanding energy exploration and production to U.S. offshore areas that were off limits until recently could result in more than a trillion dollar goverment windfall and millions of new jobs, a report said on Monday. Oil and natural gas development in newly ...
DHAKA, Feb 25 - French oil firm Total SA has discovered natural gas in an offshore field about 420 kilometres (263 miles) southeast from Dhaka, a Bangladesh official said on Wednesday. "We have had confirmation from the firm about the presence of natural gas in two blocks which ...
WELLINGTON, Feb 25 - First oil has flowed from New Zealand's Maari oilfield, the field's operator OMV said on Wednesday, with the first shipment expected in April. The first two of five production wells have been finished and are being hooked up to production facilities, with the ...
LONDON, Feb 24 - British oil and gas producer Dana Petroleum Plc announced on Tuesday the discovery of a new oil field in the Rinnes area of the UK Northern North Sea. "This is an excellent discovery which has exceeded our expectations," said chief executive Tom Cross. "The three ...
TOKYO, Feb 10 - Japan Petroleum Exploration Co (Japex) (1662.T) will cut its domestic oil and gas exploration investments in the business year starting in April amid slack oil prices, a company executive said on Tuesday. It may also make similar cuts in the following year, he ...
MOSCOW - A decline in output of Russia's star asset, oil, could provide a rare opportunity for foreign firms to gain more access to its energy sector, even though the sting of Moscow reneging on previous deals still hurts. Speaking at the World Economic Forum last week in Davos, ...
LONDON, Feb 5 - British gas producer BG Group Plc (BG.L) said net profit, excluding one-off items, beat forecasts with a 25 percent jump in the fourth quarter comparedwith the same period in 2007 and gave a buoyant outlook for growth. BG said in a statement released on Thursday ...
WASHINGTON - Reversing Bush administration policy, the U.S. Interior Department on Wednesday canceled energy leases that would have opened lands near national parks in Utah to oil and natural gas drilling. "I have directed (the department's) Bureau of Land Management not to ...
BAGHDAD, Feb. 3 -- Iraqi Oil Ministry Tuesday gave a two-week extra time for foreign oil firms to send in documentation for the second round of licensing for long-term development contracts. "Petroleum Contracts and Licensing Directorate of Oil Ministry is pleased to announce the ...
BEIJING, Feb 9 - China's top refiner Sinopec (0386.HK) (600028.SS) said it planned to produce 10 percent more of crude oil in its northwest oil field this year despite falling oil prices and demand. The northwest field will produce 6.59 million tonnes (131,800 barrels per day) of ...
PORT HARCOURT, Feb 7 - Nigerian militants attacked a gas plant operated by Royal Dutch Shell (RDSa.L) in the Niger Delta on Saturday and warned of more attacks to come, but the army said it had repelled the raid and killed three gunmen. The Movement for the Emancipation of the ...
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China offers inspirations to global dilemmas
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