industry

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 ...
WASHINGTON - Algerian Oil Minister Chakib Khelil said on Thursday OPEC's compliance with a series of cuts agreed to in the second half of last year to stem the steep slide in oil prices would reach 100 percent by the group's next meeting in March. "Right now, we have very good ...
MADRID, Feb 13 - Brazilian state owned oil group Petrobras (PETR4.SA) said late on Thursday it has no conclusive estimate for recoverable reserves at the BM-S-9 block it operates off the coast of Sao Paulo state. Repsol (REP.MC), which has a 25 percent stake in the Santos Basin ...
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 ...
CALGARY, Alberta, Feb 12 - EnCana Corp (ECA.TO), Canada's biggest energy company, said on Thursday it plans no bold moves this year as it looks to cope with tumbling prices. The company reported on Thursday that its fourth-quarter operating profit fell by nearly half while net ...
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 ...
PERTH - Oil held above $36 a barrel on Thursday, pausing after steep overnight losses, as lingering worries over the health of the global economy and forecasts for a hefty fall in global energy demand weighed on sentiment. Most Asian markets slid on Thursday despite the U.S. ...
LONDON - World oil demand will contract this year by the most since 1982 due to extreme weakness in the global economy, the International Energy Agency (IEA) said on Wednesday. The Paris-based agency also said supply will be lower than previously expected this year, risking a new ...
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 ...
NEW YORK - Oil prices settled below $39 a barrel on Monday as investors worried about the weak economy and Wall Street stocks dropped. U.S. front-month crude settled at $38.44 a barrel, down $1.59. London Brent crude settled at $40.99 a barrel, down 90 cents. "Overall, the ...
LONDON - The price of oil is too low, which will encourage a higher spike when the global economy rebounds, the Crown Prince of Bahrain said on Monday. His Highness Shaikh Salman Bin Hamad Bin Isa Al-Khalifa said a reasonable price would be between $70 and $80. Currently, oil is ...
PERTH - U.S. oil rose above $40 a barrel on Monday, recovering from earlier losses, after a report that said the U.S. government could end up owning as much as 40 percent of Citigroup sparked relief among investors and lifted sentiment. But persistent worries about the health of ...
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 22 - Irish gas exploration and production firm Tullow has appointed state-run Bangladesh Petroleum Exploration and Production Company (BAPEX) to produce gas at Bangora field, about 100 kms (63 miles) southeast of Dhaka, a senior official said on Sunday. "Tullow has ...
ALGIERS, Feb 22 - Algerian state energy giant Sonatrach will provide 1.75 billion cubic metres of gas per year from 2011 for a new petrochemical complex owned by Sonatrach and Egypt's Orascom, Algerian state news agency APS reported. The 20-year deal signed on Sunday covers gas ...
QUITO, Feb 25 - Ecuador's second largest oil pipeline halted pumping Wednesday morning after the line was ruptured, but it had enough stock to cover February export commitments, the line administrator said. Pedro Lopez, spokesman for the firm that administers the private, 130,000...
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 ...
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