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Home » Archives by category » Business » Oil & Gas
Questar Pays 269th Consecutive Dividend
Questar Corp has announced its 269th consecutive dividend. The US-based natural gas producer will pay shareholders 16.25 cents per share on 12th March 2012. Questar Corp originated in 1922 with…
PA Resources Sells Interests in Tunisian Oil Fields to Candax for $4 Million
PA Resources has sold its interests in the Ezzaouia and El Bibane oil fields in Tunisia for a sum of around $4 million. The interests have been sold to Canadian…
Iraq: West Qurna Oil Field Now Producing 285,000 Barrels Per Day
ExxonMobil Iraq Limited, South Oil Company of Iraq, Shell West Qurna B.V. and Oil Exploration Company of Iraq, have announced that the West Qurna Oil Field in Iraq is now…
BHP Billiton Bet on US gas prices increasing – plans to buy Chesapeake Shale Assets
In what may become a stroke of corporate brilliance, or a gamble, BHP Billiton today announced it will purchaseChesapeake Energy Corps Arkansas shale gas assets for $4.75 billion in cash.…
Oil and Gas Giant Woodside Petroleum (WPL) Misses Profit Target
Woodside Petroluem (WPL), one of the worlds largest oil and gas firms, based in Western Australia, failed to meet broker forecasts with a first half profit announcement. Woodside posted a…
BHP Billiton Profit Rises 72%
On the back of commodity price rises, BHP Billiton, the worlds largest mining company, today announced a massive 72% rise in profit for the first half of the financial year.…
Global Equities Mixed After Mubarak Vows Not to Stand Down
US Market Close: 10th February 2011 Global equity markets finished in mixed territory today after Egypt president Hosni Mubarak defied his detractors and in a much anticipated speech, vowed not…
Oil gains as global stockpiles fall in US
Crude Oil futures today gained value, 62 cents to $87.56 for the March contract in New York, the first time in five days, on the back of stockpiles declining in…
Energy: Diamond Offshore Drilling Ltd Orders Second Ultra-Deepwater Drilling Ship
Diamond Offshore Drilling Limited, a subsidiary of Diamond Offshore Drilling, Inc. (NYSE:DO), announced on 2nd February 2011 that it has placed an order with Hyundai Heavy Industries Co., Ltd for…
Atlas Copco Mafi-Trench to Purchase Pump Business from J.C. Carter LLC
Atlas Copco Mafi-Trench has signed an agreement to acquire a cryogenic pump business from J.C. Carter. J.C. Carter is a leading producer of cryogenic submerged motor pumps, which have many…
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