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 Independent oil and natural gas company Concho Resources Inc said it will acquire interests in certain producing and non-producing assets in the Permian Basin for $225 million in cash, from multiple private sellers . http://www.ibtimes.com/articles/20091123/concho-boost-stake-permian-basin-225-mln.htm http://www.ibtimes.com/articles/20091123/concho-boost-stake-permian-basin-225-mln.htm Mon, 23 Nov 2009 10:34:25 EST Royal Dutch Shell is in talks to buy 10 percent of India's Essar Oil as part of a deal where it would sell three European refineries to the Indian firm, the Economic Times reported on Saturday, citing people with knowledge of the plans. http://www.ibtimes.com/articles/20091121/shell-talks-10-pct-essar-oil-report.htm http://www.ibtimes.com/articles/20091121/shell-talks-10-pct-essar-oil-report.htm Sat, 21 Nov 2009 17:14:10 EST Greece's biggest refiner, Hellenic Petroleum, on Thursday reported third-quarter net profit of 60 million euros ($89.26 million) after a loss in the same period last year, as the value of its oil inventories rose. http://www.ibtimes.com/articles/20091119/hellenic-petrol-q3-turns-profit-beats-fcasts.htm http://www.ibtimes.com/articles/20091119/hellenic-petrol-q3-turns-profit-beats-fcasts.htm Thu, 19 Nov 2009 11:24:25 EST Russian oil company TNK-BP is looking at acquisitions or joint ventures as a means of growing in the oil refining sector, a senior company executive said on Wednesday. http://www.ibtimes.com/articles/20091118/tnk-bp-looking-acquisitions-oil-refining.htm http://www.ibtimes.com/articles/20091118/tnk-bp-looking-acquisitions-oil-refining.htm Wed, 18 Nov 2009 12:08:52 EST Chevron Corp, the second-largest U.S. oil company, would only seek mergers and acquisitions that add scale and fit strategically with the rest of the company, its chief financial officer said on Tuesday. http://www.ibtimes.com/articles/20091117/chevron-cfo-says-has-no-interest-smalla.htm http://www.ibtimes.com/data/articleimgs/224264-chevron-cfo-says-has-no-interest-in-smalla.jpg http://www.ibtimes.com/articles/20091117/chevron-cfo-says-has-no-interest-smalla.htm http://www.ibtimes.com/articles/20091117/chevron-cfo-says-has-no-interest-smalla.htm Tue, 17 Nov 2009 12:21:07 EST ConocoPhillips could sell its 25 percent stake in the Rockies Express Pipeline as part of the oil giant's plan to divest $10 billion in assets, a senior executive said on Tuesday. http://www.ibtimes.com/articles/20091117/conoco-may-sell-rockies-express-pipeline-stake.htm http://www.ibtimes.com/data/articleimgs/224248-conoco-may-sell-rockies-express-pipeline-stake.jpg http://www.ibtimes.com/articles/20091117/conoco-may-sell-rockies-express-pipeline-stake.htm http://www.ibtimes.com/articles/20091117/conoco-may-sell-rockies-express-pipeline-stake.htm Tue, 17 Nov 2009 10:48:15 EST The International Chamber of Commerce (ICC) has ruled in favor of Hyundai companies seeking to buy a stake in an affiliated refiner, worth about 2.6 trillion won ($2.25 billion), from International Petroleum Investment Co (IPIC), a Hyundai firm said. http://www.ibtimes.com/articles/20091116/hyundai-firms-win-case-buy-refiner-stake-from-ipic.htm http://www.ibtimes.com/articles/20091116/hyundai-firms-win-case-buy-refiner-stake-from-ipic.htm Mon, 16 Nov 2009 10:54:42 EST Spanish oil group Repsol expects to invest $12 billion in oil exploration activities in Brazil in the next 10 years, including in newly discovered "subsalt" areas, its president said on Saturday. http://www.ibtimes.com/articles/20091115/repsol-invest-12-bln-brazil-2020.htm http://www.ibtimes.com/data/articleimgs/224114-repsol-to-invest-12-bln-in-brazil-by-2020.jpg http://www.ibtimes.com/articles/20091115/repsol-invest-12-bln-brazil-2020.htm http://www.ibtimes.com/articles/20091115/repsol-invest-12-bln-brazil-2020.htm Sun, 15 Nov 2009 00:35:20 EST Suncor Energy Inc, Canada's biggest oil company, said on Friday it has earmarked C$5.5 billion ($5.23 billion) for capital expenditures next year and will restart projects the economic crisis had forced it to suspend. http://www.ibtimes.com/articles/20091113/suncor-spend5bln-boost-oil-sands-output.htm http://www.ibtimes.com/data/articleimgs/224066-suncor-to-spend5bln-boost-oil-sands-output.jpg http://www.ibtimes.com/articles/20091113/suncor-spend5bln-boost-oil-sands-output.htm http://www.ibtimes.com/articles/20091113/suncor-spend5bln-boost-oil-sands-output.htm Fri, 13 Nov 2009 13:18:26 EST NuStar Energy LP, which operates oil pipelines, storage facilities and asphalt refineries, said a public offering of its common units was priced at a 4.5 percent discount from the previous day's closing price. http://www.ibtimes.com/articles/20091110/nustar-common-unit-offering-priced-at5-pct-discount.htm http://www.ibtimes.com/articles/20091110/nustar-common-unit-offering-priced-at5-pct-discount.htm Tue, 10 Nov 2009 11:27:44 EST 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