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Smart Money Moves Back into Energy, But Carefully
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Tuesday, January 06, 2009 - A pair of deals by Oklahoma billionaire George B. Kaiser, widely considered one of the country's savviest energy investors, could be an early sign that after a massive selloff, the smart money is getting back into the oil industry.
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Crude Hits One-Month Highs on Gas Spat Jitters
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Tuesday, January 06, 2009 - Crude oil futures climbed more than $2 to above the psychologically important $50 a barrel Tuesday, spurred by concerns that a reduction in Russian natural gas flows to Europe could spark an increased demand for oil.
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OPEC Cuts Biting Into Oil Cos' Output Growth Areas
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Tuesday, January 06, 2009 - Oil majors that derive a large part of their income from production from OPEC countries are finding the cartel's production cuts are hampering growth prospects in some of the most promising geographical areas.
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Chesapeake Energy Defies Skeptics
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Tuesday, January 06, 2009 - Chesapeake capped a busy 2008 with the $412 million sale of natural-gas production in Oklahoma and Arkansas, proving to skeptics that the company knows how to get a deal done. Total value of Cheasapeake's deals for 2008 is roughly $12 billion.
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| Workers Bound for GOM Platform Involved in Fatal Transport Accident [1/5/2009] |
| China Filling Oil Reserves [1/5/2009] |
| more Industry Headlines articles >> |
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Exxon Plans $100MM Investment in Philippine Basin
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Tuesday, January 06, 2009 - Exxon Mobil has committed to invest up to $100 million to search for oil and gas in the southwestern Philippines, according to documents from the Department of Energy.
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PGNiG Snags Stake in NCS License
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Tuesday, January 06, 2009 - PGNiG is to acquire, free of charge, a 30% stake in PL350 license on the Norwegian Continental Shelf.
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| Pan Orient Updates on Thailand Drilling Program [1/6/2009] |
| CREDO's Oklahoma Well Finds Play Across Three Formations [1/6/2009] |
| Epsilon Reports Strong Operations in North America [1/6/2009] |
| Pantheon Drills Ahead at Bullseye, Jumonville 1 Back On Line [1/6/2009] |
| more Exploration articles >> |
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| Ecopetrol's Orito Production Ramps Up Following Strike in Colombia [1/6/2009] |
| Goodrich Completes 2 Horizontal Wells, Sees Combined Flow of 21.5 MMcf/d [1/6/2009] |
| Pan Orient Increases '08 Exit Production Rate by 83% [1/6/2009] |
| more Production articles >> |
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| Strategic Oil & Gas Secures Funds for 2009 Drilling Program [1/2/2009] |
| more Finance and Investing articles >> |
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Upstream Heavyweight to Lead BP America
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Tuesday, January 06, 2009 - Lamar McKay has been appointed Chairman and President of BP America, Inc. and will serve as BP's chief representative in the United States.
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| Petrobras Awards 4-Year Contract for AHTS Far Sea [1/6/2009] |
| BP to Continue Using Paradigm's Petrophysical Evaluation Tool [1/6/2009] |
| Petsec Divests Interest in Onshore Louisiana Field [1/6/2009] |
| more Company Operations articles >> |
