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Stone Energy Q3 profit beats, ups FY production view

Nov 3 - Independent oil and natural gas company Stone Energy Corp (SGY.N) reported a third-quarter profit that beat estimates, helped by an increase in production, and raised its full-year production outlook. For the quarter, net income was $51.1 million, or $1.06 a share, ...

International Coal Q3 profit up, cuts '10 shipment view

Oct 28 - International Coal Group Inc (ICO.N) posted higher third-quarter earnings, on gains from the termination of two supply agreements and higher margins, but cut its 2010 production and shipment forecasts citing continued weakness in coal demand. For 2010, the company now ...

World Fuel Services Q3 profit beats Street

Nov 3 - World Fuel Services Corp (INT.N), which provides fuel and services to aircrafts, ships and tanker truck loading terminals, reported better-than-expected quarterly earnings, helped by the strength in its aviation segment. "Our aviation segment posted strong sequential ...

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 ...

CVR Energy posts surprise Q3 loss

Nov 2 - Oil refiner and fertilizer maker CVR Energy Inc (CVI.N) reported a surprise quarterly loss, hurt by lower commodity prices and production halts at its refinery. Net loss for the third quarter was $13.4 million, or 16 cents a share, compared with net income of $99.7 ...

Chevron's Nigeria gas plant seen online in Q1 2010

CARACAS, Venezuela, Nov 2 - Chevron's Escravos Gas Plant 3A in Nigeria will begin producing in the first quarter of 2010, said Chevron's president for Africa and Latin America Ali Moshiri told reporters mechanical completion will be at the end of 2009 for the project. According ...

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), ...

Rosneft sells first Kozmino oil cargo to IPP -trade

MOSCOW, Nov 23 - Oil trading company IPP has won a tender called by state-controlled Rosneft (ROSN.MM) to ship the first crude cargo from Russia's new far eastern oil port of Kozmino, several oil traders told Reuters on Monday. The traders said Rosneft sold the cargo at a premium ...

BP restarts Texas City refinery reformer -filing

HOUSTON, Nov 1 - BP Plc (BP.L) (BP.N) began restarting Ultraformer No. 4 at its 475,000 barrel per day (bpd) Texas City, Texas, refinery on Sunday, according to a notice filed on Saturday with state pollution regulators. The Ultraformer is a reformer, which converts low-octane ...

Indonesia's Bumi to raise $300 mln from convertible bonds

JAKARTA, Nov 23 - Indonesian coal miner PT Bumi Resources Tbk (BUMI.JK) said on Monday it plans to raise $300 million from the sale of seven-year convertible bonds. The firm said in a statement to the stock exchange that the bonds, which will be issued by fully-owned unit ...

Heritage, Eni close to $1.5 bln Uganda deal-source

LONDON, Nov 22 - British oil explorer Heritage Oil (HOIL.L) (HOC.TO) is in talks to sell its Ugandan assets to Italian oil group Eni SpA (ENI.MI) for between $1.3-1.5 billion, a person familiar with the matter said on Sunday Talks are continuing and a deal could be announced as ...

Gasoline prices fall by 3.64 cents/gln: report

NEW YORK - U.S. average retail gasoline prices fell 3.64 cents per gallon in the last two weeks as high unemployment stifled demand, according to an industry analyst who sees more price declines in the coming months. The national average price for regular grade gasoline was $2...

Shell in talks to by 10 pct of Essar Oil-report

MUMBAI, Nov 22 - Royal Dutch Shell (RDSa.L) is in talks to buy 10 percent of India's Essar Oil (ESRO.BO) as part of a deal where it would sell three European refineries to the Indian firm, the Economic Times reported on Saturday, citing people with knowledge of the plans. At ...

How countries have coped with the oil "curse"

Iraq hopes a petrodollar gush it will uncork by tripling oil output will drag it out of chaos into prosperity, but there is just as much chance the new wealth will fuel fresh conflict. Home to the world's third-largest oil reserves, Iraq also plans to leap to third place among ...

Russia's Putin wants New Year without gas "shocks"

YALTA, Ukraine, Nov 19 - Russian Prime Minister Vladimir Putin said on Thursday that existing gas deals with Ukraine were a guarantee of stable energy supplies to Europe and he hoped for a New Year without any gas "shocks". In good humour after talks with Ukrainian Prime Minister ...

Oil sinks as stock tumbles, dollar strengthens

NEW YORK, Nov. 19 - Crude prices plunged nearly 3 percent on Thursday, pressured by the big drop on the equities market and an increase in the U.S. currency. Light, sweet crude for December delivery fell 2.12 U.S. dollars, or 2.7 percent, to settle at 77.46 dollars a barrel on ...

Ukraine PM pledges to fulfil gas transit deal

YALTA, Ukraine, Nov 19 - Ukrainian Prime Minister Yulia Tymoshenko on Thursday told Russia's Vladimir Putin that Ukraine would scrupulously fulfil its obligations on the transit of Russian natural gas to Europe. In comments to Putin and a Russian delegation, Tymoshenko said: "We ...

D1 Oils reviews strategic options

Nov 25 - D1 Oils Plc (DOO.L), a British biofuels technology company, said its board was reviewing strategic options that could include a possible sale or a reverse merger and it may not need new funds until late 2011 under a new business plan. The India-focused company said the ...

PGNiG says buying into Petrolinvest far-away deal

WARSAW, Nov 25 - The deal between Polish gas monopoly PGNiG (PGNI.WA) and oil venture Petrolinvest PROL.WA concerns cooperation, with capital ties only a future possibility, PGNiG deputy chief Miroslaw Szkaluba said. Petrolinvest said in a statement on Wednesday the deal ...
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