Occidental Petroleum Corp., riding record-high crude-oil prices and slightly higher production, announced a 70% increase in its Q3 results. Ray Irani, chairman and chief executive officer, Occidental Petroleum Corp., said: As we look forward, we believe our disciplined approach to fiscal management has positioned the company to continue to succeed in the current economic climate. For [...]
By Duncan Sutherland- Exclusive to Gas Investing News Company news The headline this week is obviously Shell (NYSE:RDS.A) and the Iraqi government putting ink to paper on a US$4 billion joint venture deal that will see the company collect flareoff from oil production in Southern Iraq’s Al-Basra province. In even better news, Shell opened a [...]
By Duncan Sutherland – Exclusive to Gas Investing News Bloomberg reported that NYMEX natural gas futures have lowered to their lowest in six months. The huge decline in the past month is comprised of multiple factors. First, the increased output and stockpiles have reassured traders of supply security. Second, the commodity drawdown has lured hedging [...]
Devon Energy Corp. second-quarter profit rose 44% as the oil and natural gas firm boosted production. The company said: The combined effects of increased oil and gas production and higher oil, natural gas and natural gas liquids prices led to the increase in sales. For more news, click here
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