Posted by The Distressed Debt Report on December 16, 2011
Delta Petroleum, a Denver-based oil and gas production company, filed for Chapter 11 bankruptcy afte…
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Posted by Reuters: Business News on October 28, 2011
(Reuters) – Chevron Corp said its quarterly earnings more than doubled, beating Wall Street forecasts, as the second-largest U.S. oil company benefited from high oil prices and strong refinery margins.
Posted by The PIPEs Report on October 17, 2011
Abu Dhabi National Energy Co., an oil company owned by the government of the United Arab Emirates, i…
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Posted by admin on September 8, 2011
Tony Hayward, the former CEO of BP banished following the Deepwater Horizon disaster in the Gulf of …
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Posted by Reuters: Business News on August 31, 2011
MOSCOW (Reuters) – Bailiffs raided BP’s Moscow offices on Wednesday, a new humiliation for the British oil company a day after ExxonMobil signed an agreement that ended BP’s hopes of developing Arctic offshore oil fields with Russia.
Posted by Reuters: Business News on August 30, 2011
SOCHI, Russia (Reuters) – U.S. oil company Exxon and Russia’s Rosneft signed a deal on Tuesday to develop oil and gas reserves in the Russian Arctic, opening up one of the last unconquered drilling frontiers to the global industry No.1.
Posted by Reuters: Business News on August 22, 2011
MILAN/LONDON (Reuters) – Italian oil company Eni led the charge back into Libya on Monday as rebels hailing the end of Muammar Gaddafi’s rule warned Russian and Chinese firms that they may lose out on lucrative oil contracts for failing to support the rebellion.
Posted by admin on August 19, 2011
Petron Energy II, a Dallas-based oil and gas exploration company, purchased 98.9% of the shell compa…
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Prism Corp., a Tulas, Okla.-based oil and gas company, is negotiating a reverse merger with shell c…
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Posted by Reuters: Business News on July 29, 2011
NEW YORK/SAN FRANCISCO (Reuters) – Chevron Corp, the second-largest U.S. oil company, booked a 43 percent jump in quarterly profit, beating estimates as high oil prices and fat refinery margins offset weaker output.
