Petroleum
The energy market experienced new highs on Thursday as crude and heating oil prices continued to rise. The upsurge was fueled by Opec's indication that additional supplies would be delayed, coupled with reports of low US inventories. This led to a significant increase in prices, with September crude
Petroleum industry
State Street, the Boston-based bank and trust company, has finalized a deal to purchase the lease of a prime office space in Edinburgh's city center, paying a record-breaking premium of over $500,000. This acquisition marks a significant expansion of the company's Scottish operations, with plans
Petroleum industry
General Motors and ExxonMobil have made a groundbreaking announcement about their joint development of a new gasoline fuel processor for fuel cell-powered vehicles. This technology has the potential to bridge the gap between conventional vehicles and hydrogen fuel cell vehicles, making it a significant step towards a cleaner and more
Petroleum
Seitel, Inc.'s wholly-owned subsidiary DDD Energy, Inc. has successfully completed a new commercial gas discovery in the Tonga Project, located in Yolo and Solano Counties, California. The Slawson Exploration Company #1-13 T.S. Glide well encountered 124 feet of net gas pay from six zones, with a combined
Gas industry
Thousands of PRNewswire photos are made available daily to news media through various channels, including NewsCom Online, AP Photo Archive, and the AP PhotoExpress Network. The PRNewswire Photo Desk provides information and assistance to subscribers and non-subscribers alike, with a large archive of photos available for download. A range of
Gas industry
Alberta Energy Company, one of Canada's largest independent oil and gas companies, has selected SkillSoft Corporation to provide its employees with a comprehensive online e-learning program. The three-year agreement will see SkillSoft's soft skill courses, accessed via the internet, become an integral part of AEC'
Petroleum
The Alpine Group, Inc., a holding company with operations in the wire and cable industry, reported a record $547 million in revenues for its 2000 second quarter, representing a 6% increase from the same period in 1999. Net income for the quarter was $2.8 million, or $0.18 per
Petroleum industry
Investor Broadcast Network, the leading broadcaster of real-time investment information and analysis on the Internet, has partnered with several prominent companies, including Humana, Inc., PTEK Holdings, Inc., Activision, Inc., Saucony, Inc., and Barrett Resources Corporation, to broadcast their investor communication conference calls over the Internet. This innovative approach enables investors
Petroleum industry
The Brazilian state oil company Petrobras has a dominant position in the upstream assets of the Southern Cone region, with more than half the value of the top 10 companies, totaling $21 billion in commercial reserves. This is according to a new study by UK consultants Wood Mackenzie. Petrobras'
Petroleum
ExxonMobil Corp. has seen significant progress in combining Exxon Corp. and Mobil Corp., resulting in a 65% increase in expected annual savings. The company's board has approved a share repurchase program without providing specifics. Chairman and Chief Executive Lee Raymond stated that measures to combine the two companies
Petroleum industry
Independent exploration and production companies have posted record revenues and net earnings for the second quarter, with several notable companies exceeding analysts' estimates and achieving significant growth year-over-year. Apache, Newfield Exploration, Devon Energy, Noble Affiliates, and Murphy Oil all reported substantial increases in net income and revenues, driven by
Petroleum
The world's most oppressive regime has found friends in unusual places, including some of the world's largest companies. Dick Cheney, the likely next US vice-president, and Slobodan Milosevic, the Yugoslav president under indictment for war crimes, share a common interest in doing business with Burma, despite
