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
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
Remington Oil and Gas Corporation, a leading independent oil and gas exploration and production company, has announced its intention to file a motion for rehearing in a Louisiana court of appeals case involving a $29.9 million award to Phillips Petroleum Company. The case, which began in 1990 and went
Petroleum
Investor Broadcast Network, a leading webcaster of investor events, is empowering investors with direct access to corporate investor relations conference calls and earnings releases. The company has partnered with several high-profile corporations, including The Black & Decker Corporation, Anadarko Petroleum Corporation, and Shurgard Storage Centers, Inc., to broadcast their quarterly
Petroleum
CMS Energy Corporation, a leading American energy company, has announced a significant step in its strategic transformation. The company has signed a letter of intent with Quicksilver Resources, Inc. to sell its Michigan oil and gas exploration and production properties, including Terra Energy Ltd., for an undisclosed amount. This transaction
Petroleum
Quicksilver Resources Inc., a natural gas and crude oil production company, has signed a letter of intent with CMS Energy Corporation to acquire CMS's natural gas and crude oil exploration and production properties in Michigan and other states. The acquisition includes over 180,000 net leasehold acres producing
Petroleum
EXCO Resources, Inc. announced the closure of a previously disclosed sale of its interest in certain properties located in Louisiana, resulting in a substantial cash influx. The sale, valued at $18.7 million with an additional $800,000 in property, is expected to generate a pre-tax gain of approximately $5.
Petroleum
Noble Drilling Corporation, in collaboration with its subsidiaries Noble Drilling Services Inc. and Noble Drilling (U.S.) Inc., has taken legal action against Samedan Oil Corporation and Mariner Energy, Inc. for breach of contract. This move comes as Noble Drilling has been focusing on expanding its fleet of rigs capable
Petroleum
The UK chemical sector saw significant gains yesterday, driven by takeover speculation and rumors of potential acquirers. BTP, in particular, saw its shares skyrocket 28% to 361p, the second-best performance among the UK's 250 largest companies, as Swiss chemicals group Clariant was linked to a possible takeover bid.
Petroleum
BP Amoco's development program for Colombia's Pauto and Florena fields, part of the Piedemonte Block, has hit a delay. The fields, initially expected to come on stream in the late first quarter of 2000, are now scheduled to begin production late in the first quarter of
