Petroleum
Human rights and religious groups have launched a campaign against US investment funds over their holdings in Talisman Energy and PetroChina, citing concerns about the use of revenues from a major oil project in Sudan to fund conflict. The campaign aims to persuade funds to sell their stakes in the
Petroleum
Indonesian President Abdurrahman Wahid has replaced key executives at the country's state-owned petroleum company, Pertamina, to address corruption and mismanagement that have led to billions of dollars in lost revenue. The move is aimed at increasing government revenue from the country's oil and natural gas fields,
Petroleum industry
Investor Broadcast Network, founded as Vcall in 1997, is revolutionizing the way companies communicate with investors by broadcasting live conference calls on the internet. This innovative approach allows investors to access real-time information, participate in Q&A sessions, and gain a deeper understanding of company performance. The network has
Petroleum industry
BP Amoco PLC has offered to meet Federal Trade Commission (FTC) demands to sell all of Atlantic Richfield Co.'s (Arco) assets in Alaska in an effort to win government approval to buy Arco. The move comes amid an FTC lawsuit alleging that the proposed purchase would violate the
Petroleum
Investor Broadcast Network (IBN), founded as Vcall in 1997, is expanding its webcasting services to broadcast live investor communication conference calls for six publicly traded companies. The events will provide investors with direct access to corporate earnings calls, enabling them to stay informed about company performance and growth strategies. This
Petroleum industry
Investor Broadcast Network, formerly known as Vcall, has made a significant impact on the investor communication landscape since its founding in 1997. The company's innovative approach to providing direct access to corporate investor relations conference calls has connected over 450,000 registered users with more than 1200 public
Petroleum
Western banks are increasingly willing to lend to Russian oil companies, encouraged by rising oil prices and a stable political outlook ahead of the presidential elections on March 26. Despite limited deals, a notable exception is a $40 million loan to Tyumen Oil Co (TNK) in January by South Africa&
Petroleum industry
As the world's leading oil producer, Saudi Arabia, appears to agree with the US government that oil prices are too high, an increasing number of Opec countries are backing Riyadh's moderate approach. Venezuela and Mexico, major architects of the production restraint agreements, have suggested that an
Petroleum
The Algerian government is reportedly considering a partial privatization of the state-owned oil and gas company Sonatrach, with the goal of generating revenue and attracting foreign investment. This move comes as part of the government's efforts to diversify the country's economy and reduce its heavy foreign
Petroleum industry
BP Amoco's project to pipe Azeri gas to Turkey is gaining momentum after the completion of a second well at its offshore Shakh Deniz block, confirming the existence of a significant gas condensate field. The project is pitted against rival schemes from Russia and Turkmenistan, with BP aiming
Petroleum industry
The ExxonMobil Community Summer Jobs Program, now in its 10th year, has announced the selection of 75 Dallas-area nonprofit organizations to participate in the program. Funded by ExxonMobil and administered by the Volunteer Center of Dallas, the program provides full-time college students with eight-week paid internships to assist the selected
Petroleum
As the Organization for Economic Cooperation and Development (OECD) nations accelerated their draw on commercial stocks to 2.7 million barrels per day in December, the International Energy Agency (IEA) warns that price volatility is likely to intensify in the absence of an early easing of OPEC output constraints. The
