International Business News - Oil & Gas http://www.ibtimes.com/rss/feed/oilgas.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/oilgas.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif California was awarded $19.5 million in a settlement against Royal Dutch Shell Plc's U.S. unit for not storing fuel properly at filling stations in the state, Attorney General Jerry Brown said on Friday. http://www.ibtimes.com/articles/20091106/shell-pay-19mln-california-violations.htm http://www.ibtimes.com/data/articleimgs/223705-shell-to-pay-19mln-for-california-violations.jpg http://www.ibtimes.com/articles/20091106/shell-pay-19mln-california-violations.htm http://www.ibtimes.com/articles/20091106/shell-pay-19mln-california-violations.htm Fri, 06 Nov 2009 20:42:18 EST Novatek, Russia's No.2 natural gas producer, has asked its shareholders to approve a 177.3 billion rouble ($6 billion) domestic gas supply deal with power trader Inter RAO. http://www.ibtimes.com/articles/20091105/novatekbln-supply-deal-threatens-gazprom-contract.htm http://www.ibtimes.com/articles/20091105/novatekbln-supply-deal-threatens-gazprom-contract.htm Thu, 05 Nov 2009 11:04:07 EST CNOOC Ltd has agreed to buy a minority stake in four prospects in the Gulf of Mexico from Norway's Statoil, opening crude oil reserves in the U.S. Gulf to China for the first time. http://www.ibtimes.com/articles/20091105/cnooc-buy-stakes-statoils-mexico-assets.htm http://www.ibtimes.com/articles/20091105/cnooc-buy-stakes-statoils-mexico-assets.htm Thu, 05 Nov 2009 10:50:39 EST Independent oil and natural gas company Quicksilver Resources Inc said it expects average daily production in 2010 to grow at least 20 percent over the projected 2009 level. http://www.ibtimes.com/articles/20091102/quicksilver-sees-20-pct-rise-fy10-production.htm http://www.ibtimes.com/articles/20091102/quicksilver-sees-20-pct-rise-fy10-production.htm Mon, 02 Nov 2009 10:09:36 EST Denbury Resources Inc has agreed to buy Encore Acquisition Co for $3.2 billion to create one of North America's largest oil production and exploration companies. http://www.ibtimes.com/articles/20091102/oil-company-denbury-buy-encore-for2-billion.htm http://www.ibtimes.com/articles/20091102/oil-company-denbury-buy-encore-for2-billion.htm Mon, 02 Nov 2009 09:43:09 EST Toromont Industries said on Monday that lower activity in key sectors, including natural gas and construction, had a negative impact on its quarterly profit and revenue, and the company expects more of the same for the current period. http://www.ibtimes.com/articles/20091026/toromont-results-sag-current-quarter-fall-short.htm http://www.ibtimes.com/articles/20091026/toromont-results-sag-current-quarter-fall-short.htm Mon, 26 Oct 2009 13:40:53 EDT U.S. oilfield equipment and services company National Oilwell Varco Inc reported a better-than-expected profit on Monday but gave a cautious outlook and its shares fell nearly 5 percent. http://www.ibtimes.com/articles/20091026/national-oilwell-profit-drops-30-pct-backlog-down.htm http://www.ibtimes.com/articles/20091026/national-oilwell-profit-drops-30-pct-backlog-down.htm Mon, 26 Oct 2009 13:39:51 EDT Chevron Corp said on Monday it had a molten sulfur leak from a pipeline while a barge was being loaded with it at the marine terminal of its 330,000-barrel-per-day Pascagoula, Mississippi, refinery. http://www.ibtimes.com/articles/20091026/chevron-reports-sulfur-leak-pascagoula-pipeline.htm http://www.ibtimes.com/data/articleimgs/223002-chevron-reports-sulfur-leak-at-pascagoula-pipeline.jpg http://www.ibtimes.com/articles/20091026/chevron-reports-sulfur-leak-pascagoula-pipeline.htm http://www.ibtimes.com/articles/20091026/chevron-reports-sulfur-leak-pascagoula-pipeline.htm Mon, 26 Oct 2009 13:37:59 EDT British oil and gas services company Petrofac Plc said it was confident it would deliver full year earnings growth of at least 20 percent after continued contract wins and healthy bidding activity. http://www.ibtimes.com/articles/20091022/petrofac-sees-fy-earnings-growth-least-20-pct.htm http://www.ibtimes.com/articles/20091022/petrofac-sees-fy-earnings-growth-least-20-pct.htm Thu, 22 Oct 2009 03:16:11 EDT South Korea's Korea National Oil Corp (KNOC) agreed to buy Canada's Harvest Energy Trust for C$1.8 billion ($1.7 billion), the Canadian company said on Wednesday. http://www.ibtimes.com/articles/20091022/s-koreas-knoc-buy-canadas-harvest-for1bln.htm http://www.ibtimes.com/articles/20091022/s-koreas-knoc-buy-canadas-harvest-for1bln.htm Thu, 22 Oct 2009 02:56:36 EDT Noble Corp reported 11 percent quarterly profit growth as its deepwater rig fleet remained in demand despite a broader slowdown in drilling, which the company expected to turn around next year. http://www.ibtimes.com/articles/20091021/noble-corp-profit-rises-11-pct-beats-estimates.htm http://www.ibtimes.com/articles/20091021/noble-corp-profit-rises-11-pct-beats-estimates.htm Wed, 21 Oct 2009 19:43:38 EDT Regulators approved the 359 million euro purchase of BP Plc's Greek ground fuel network by Hellenic Petroleum, with minor conditions attached. http://www.ibtimes.com/articles/20091020/greek-regulator-approves-bp-hellenic-petrol-deal.htm http://www.ibtimes.com/data/articleimgs/222669-greek-regulator-approves-bp-hellenic-petrol-deal.jpg http://www.ibtimes.com/articles/20091020/greek-regulator-approves-bp-hellenic-petrol-deal.htm http://www.ibtimes.com/articles/20091020/greek-regulator-approves-bp-hellenic-petrol-deal.htm Tue, 20 Oct 2009 11:31:58 EDT Saudi International Petrochemicals Co (Sipchem) said third-quarter profit fell 60 percent, blaming lower petrochemical sales due to maintenance work at plants. http://www.ibtimes.com/articles/20091019/saudi-sipchem-q3-profit-down-60-pct-on-lower-sales.htm http://www.ibtimes.com/articles/20091019/saudi-sipchem-q3-profit-down-60-pct-on-lower-sales.htm Mon, 19 Oct 2009 10:30:48 EDT TNK-BP, Russia's third-biggest oil producer, said on Monday it was considering developing hydrocarbon resources in Iraq as it seeks to make its first foray into the oil-rich country. http://www.ibtimes.com/articles/20091012/russias-tnk-bp-eyes-iraqi-oil-and-gas-fields.htm http://www.ibtimes.com/articles/20091012/russias-tnk-bp-eyes-iraqi-oil-and-gas-fields.htm Mon, 12 Oct 2009 12:55:01 EDT Marine fuel supplier Chemoil Ltd expects to post a net loss in the third quarter, hurt by weak fuel oil margins. http://www.ibtimes.com/articles/20091010/marine-fuel-trader-chemoil-says-post-loss-q3.htm http://www.ibtimes.com/data/articleimgs/222165-marine-fuel-trader-chemoil-says-to-post-loss-in-q3.jpg http://www.ibtimes.com/articles/20091010/marine-fuel-trader-chemoil-says-post-loss-q3.htm http://www.ibtimes.com/articles/20091010/marine-fuel-trader-chemoil-says-post-loss-q3.htm Sat, 10 Oct 2009 14:17:17 EDT Spain's Repsol plans to list 20 percent of its Argentine unit YPF in March, 2010, daily ABC said on Friday, citing Repsol's local partner in YPF Enrique Eskenazi. http://www.ibtimes.com/articles/20091009/repsol-partner-says-ypf-be-listed-march-paper.htm http://www.ibtimes.com/articles/20091009/repsol-partner-says-ypf-be-listed-march-paper.htm Fri, 09 Oct 2009 10:50:42 EDT State-run Ghana National Petroleum Corporation (GNPC) is still interested in acquiring Kosmos Energy's stake in the Jubilee oil field, a source within the company told Reuters on Thursday. http://www.ibtimes.com/articles/20091008/gnpc-still-eyes-kosmos-stake-jubilee-gnpc-source.htm http://www.ibtimes.com/articles/20091008/gnpc-still-eyes-kosmos-stake-jubilee-gnpc-source.htm Thu, 08 Oct 2009 12:43:03 EDT Marathon Oil Corp on Wednesday said its third-quarter oil and gas production will be lower than the previous quarter, but at the high end of its expectations. http://www.ibtimes.com/articles/20091007/marathon-3rd-qtr-output-high-end-view.htm http://www.ibtimes.com/articles/20091007/marathon-3rd-qtr-output-high-end-view.htm Wed, 07 Oct 2009 19:01:23 EDT Exxon Mobil has agreed to buy Kosmos Energy's stake in the Jubilee field in Ghana, three sources close to the matter said on Tuesday. http://www.ibtimes.com/articles/20091006/exxon-mobil-buy-ghanaian-field-stake-sources.htm http://www.ibtimes.com/data/articleimgs/221868-exxon-mobil-to-buy-ghanaian-field-stake-sources.jpg http://www.ibtimes.com/articles/20091006/exxon-mobil-buy-ghanaian-field-stake-sources.htm http://www.ibtimes.com/articles/20091006/exxon-mobil-buy-ghanaian-field-stake-sources.htm Tue, 06 Oct 2009 10:48:13 EDT Natural gas producer Open Range Energy Corp said third-quarter production was higher sequentially and it planned to drill two additional wells at its Alberta property in the first half of 2010. http://www.ibtimes.com/articles/20091005/open-range-says-q3-production-sequentially.htm http://www.ibtimes.com/articles/20091005/open-range-says-q3-production-sequentially.htm Mon, 05 Oct 2009 10:48:04 EDT