A handful of analysts' forecasts indicates that there will be a moderate uptick in worldwide exploration and production capital expenditures this year. The forecasts peg worldwide...
Royal Dutch/Shell Group cut its oil and natural gas reserves for the second time this year and announced that its 2003 annual report would be delayed until late May.
Shaybah oil field, Saudi Arabia's newest supergiant, is approaching its sixth anniversary yet still is growing in terms of reserves and potential productive capacity.
Reserves reclassifications concern investors because the market has sold off shares of companies reporting negative reserves revisions, Houston-based Simmons & Co. International...
In a deal that Marathon Oil Corp. said would complement its long-term growth plans, the Houston-based integrated petroleum company will acquire Covington, Ky.-based Ashland Inc...
Three Middle Eastern companies won a total of $191.7 million in fixed-price contracts to help meet civilian fuel demand in southern Iraq for a 3 month period starting Apr. 1, ...
The US Energy Information Administration told a key US House lawmaker that opening the 1002 area of the Arctic National Wildlife Refuge to oil exploration and development could...
Restoring Iraqi oil production to prewar levels will be a slow and painful process in the face of widespread looting, sabotage, and armed attacks on US and allied forces.
Norsk Hydro ASA, Oslo, elected Jan Reinas chairman. He succeeds Egil Myklebust, who was on Hydro's board for 12 years and chairman for the last 3 years.
Despite movement toward spot contracts for LNG cargoes in recent years, Algeria's Minister of Energy and Mines Chakib Khelil Mar. 21 defended the centrality of long-term contracts...
Ecuador's state-owned oil company Petroleos de Ecuador resumed oil exports Mar. 26 from its Trans-Ecuadorian Pipeline System (SOTE) after a warning from the six-company consortium...
Energy futures prices climbed ahead of the Mar. 31 meeting of the Organization of Petroleum Exporting Countries in Vienna as traders lost hope that the group might postpone a ...
It seems lately that US drivers can't turn on the television without being bombarded by local and national news outfits about the latest gasoline price hike.
In Maureen Lorenzetti's article "Saudis refute claims of oil field production declines (OGJ, Mar. 8, 2004, p. 24), the oil in place of Saudi Aramco was given as 700 billion bbl...
