Petroleum industry
Top companies in the US will broadcast their quarterly earnings conference calls over the internet, allowing investors to access the information they need directly from the companies themselves. This development, facilitated by Investor Broadcast Network, marks a significant shift towards increased transparency and accessibility in corporate investor relations. With over
Petroleum
In a significant development, Malaysia's oil giant Petronas is among 53 new foreign and local companies that have entered the Philippines' deregulated oil industry. These new players, including Total from France, Petroleum Authority from Thailand, Coastal Petroleum from the United States, and others, have helped moderate fuel
Petroleum
As part of its long-term partnership with Statoil, CDI Group has created a comprehensive training program for the convenience stores in Ireland. This program is the culmination of several years of collaborative work between the two companies, building on the success of CDI's help in expanding Statoil'
Petroleum industry
Asia Pulse, a real-time wire with exclusive news, commercial intelligence, and business opportunities, released an executive briefing on energy for February 8, 2000. The briefing highlighted several significant developments in the energy sector across various Asian countries. A key controversy arose in Indonesia, where a lawmaker urged the government to
Petroleum industry
Chevron Corp., a leading energy company, has invested $200 million in the newly merged Dynegy Inc. and Illinova Corp., securing a 28 percent stake in the combined entity. This investment is part of Chevron's overall growth strategy, which aims to leverage Dynegy's energy convergence strategy, utilizing
Petroleum
Consol Energy Inc. has made a significant move in the natural gas production market by acquiring certain properties from MCN Energy Group Inc. for $169 million in cash. This acquisition makes Consol the largest gas producer in Virginia, with a combined natural gas production of 90 million cubic feet per
Petroleum
In the mid-1990s, Oman's Ministry of Petroleum and Mineral Resources offered 13 concessions to international oil and gas companies. The offer included 11 blocks relinquished by the Petroleum Development Oman (PDO), a 12th tract from Block 3 relinquished by Amoco, and a 13th tract from Occidental. The tender
Petroleum industry
In 1999, CMS Energy Corporation, a leading U.S. energy company, achieved significant milestones in its efforts to expand its operations and strengthen its financial performance. The company reported consolidated net income of $326 million, or $2.89 per share, compared to $285 million, or $2.65 per share, in
Petroleum industry
Halliburton Company has made significant progress in its discussions with Barracuda & Caratinga Development Corporation (BCDC) for the development of the Barracuda and Caratinga offshore fields in Brazil. The negotiations have resulted in a satisfactory price for BCDC and an agreed execution plan and delivery schedule. The contract, valued at
Petroleum industry
Microsoft Saudi Arabia turned to Entevo Corporation's DirectMigrate solution to ensure the success of its large-scale deployment of Windows 2000, ultimately migrating over 28,000 users and 200 servers to the operating system. The project was challenging, given the limited qualified IT consulting resources in the region and
Petroleum industry
Major financial services institutions and specialized companies in the UK have conducted significant placings and admissions to the Official List, attracting substantial investments and funding. Dana Petroleum, an oil and gas exploration and development company, raised £7.9 million by issuing 49.7 million shares at 16p each, with an
Petroleum industry
SAP AG and Statoil, the world's second-largest supplier of crude oil, have announced a joint partnership to develop the first open global online marketplace for the oil and gas industry. This marketplace will enable leading oil and gas companies to collaborate and conduct commerce over the Internet, focusing
