Methanex Corp. declared a $5.7-million loss in its most recent quarter on Tuesday as revenue was cut in less than half by lower sales volumes and lower prices for methanol. For full story, click here
The government has intervened in the Ambani brothers’ fight over Reliance Industries Krishna Godavari basin gas will not just to save the gas utilisation policy, but to protect its revenues as well. For full story, click here
Anadarko Petroleum Corp. swung to a first-quarter loss as revenue and commodity prices dipped. The dip in commodity prices has prompted energy companies to slash capital spending, trim output forecasts and idle drilling activities to shore up cash. For full story, click here
AGL Resources Inc. declared its first-quarter net income rose about 30 percent even as revenue declined. John W. Somerhalder II, AGL Resources chairman, president and CEO, stated: We are off to a good start and are on track to meet our goals for 2009. For full story, click here
Unbridled Energy (CVE:UNE) today provided updated results for the year ending December, 2008. The company reported a 1,500% gain in revenue over the same period in 2007. Joseph Frantz Jr., UNE’s President and CEO is quoted as saying: The new wells on our Chautauqua Lake acreage have significantly increased our revenue stream… We previously announced [...]
As per a new study, Oil and natural gas development in newly opened offshore areas will result in $1.7 trillion in federal tax revenue and around $600 million in state and local taxes throughout the life span of the new fields. For full story, click here
Oil and Natural Gas Corp, India’s largest oil and gas producer, lost over Rs 1,570 crore in revenues on sale of natural gas at price lower than its cost of production during 2007-08. For full story, click here
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