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Iraq Finds Extra Billion Barrels of Oil -Ministry

Iraq Finds Extra Billion Barrels of Oil -Ministry

Δευ, 21 Ιανουαρίου 2013 - 18:26

Iraq said Sunday it has discovered deposits of crude, equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years.

Iraq Oil Sales Dip Last Month But Income Up in 2012

Iraq Oil Sales Dip Last Month But Income Up in 2012

Δευ, 21 Ιανουαρίου 2013 - 18:25

Iraq's oil exports in December fell due to bad weather and a dispute with the Kurdish region, but the country still saw sharply higher income last year compared with 2011, new figures showed Monday.

Statoil CEO: Algeria Crisis is Crossroads for Oil and Gas Industry

Statoil CEO: Algeria Crisis is Crossroads for Oil and Gas Industry

Δευ, 21 Ιανουαρίου 2013 - 18:25

Statoil ASA (STO, STL.OS) Chief Executive Helge Lund said Monday in a town hall meeting with Norway's prime minister and thousands of employees that the In Amenas terror attack represents a crossroads for the global oil and gas industry, but international activities by the company and Norway's wider industry won't be deterred.

TNK-BP To Invest $7B in Rospan Gas Project By 2040

TNK-BP To Invest $7B in Rospan Gas Project By 2040

Δευ, 21 Ιανουαρίου 2013 - 18:25

Russian oil producer TNK-BP, which is being taken over by state-controlled OAO Rosneft (ROSN.RS), said Monday it will invest $7 billion in its Rospan natural gas project by 2040.

Genel Energy Sees 2012 Revenue Ahead of Views at $330M

Genel Energy Sees 2012 Revenue Ahead of Views at $330M

Παρ, 18 Ιανουαρίου 2013 - 18:02

Oil company Genel Energy PLC (GENL.LN) Friday said it expects 2012 revenue to be about $330 million, ahead of previous guidance, even though production for the full year 2012 was in line with guidance at 44,500 barrels of oil a day.

Iraq, Lukoil to Cut West Qurna-2 Oilfield Output Target 33%

Iraq, Lukoil to Cut West Qurna-2 Oilfield Output Target 33%

Πεμ, 17 Ιανουαρίου 2013 - 17:17

The Iraqi oil ministry and OAO Lukoil Holdings (LKOH.RS) Thursday signed an amended contract to cut the production target from Iraq's West Qurna-2 oil field 33%, a senior Iraqi oil official said Thursday.

Major Libyan Oil Terminal Remains Closed, Exports Delayed

Major Libyan Oil Terminal Remains Closed, Exports Delayed

Πεμ, 17 Ιανουαρίου 2013 - 17:16

The Zueitina oil terminal in Libya remains shut, almost a month after demonstrators forced the closure of the major oil exporting hub, a shipping agent told Dow Jones Newswires Thursday.