May 2009 Archives

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Govt to lose Rs 40000 cr with tax breaks in natural gas production Economic Times, India Though the Cabinet had guaranteed exemption from payment of income tax on oil and gas production from areas awarded under New Exploration Licensing Policy, the Finance Ministry last year said the fiscal incentive are only meant for oil. ... Govt to consider freeing petrol, diesel prices Hindu Business Line Oil and gas exploration, development needs support Bismarck Tribune BSE Oil & Gas Index up 6.2% in the week India Infoline.com Calcutta Telegraph - Economic Times all 117 news articles

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Full Story: Govt to lose Rs 40000 cr with tax breaks in natural gas production - Economic Times

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Petroleum: Deora cooking new gas scheme for rural poor Economic Times, India In the last five years, 166 oil & gas discoveries have been made in India. Public sector oil companies such as ONGC Videsh have oil assets in 22 countries now against seven countries in 2003-04. What is your next move, especially for the consumers? ... Govt to consider freeing petrol, diesel prices Hindu Business Line BSE Oil & Gas Index up 6.2% in the week India Infoline.com Manmohan men pledge action Calcutta Telegraph Business Standard - Bloomberg all 108 news articles

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Full Story: Petroleum: Deora cooking new gas scheme for rural poor - Economic Times

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BSE Oil & Gas Index up 6.2% in the week India Infoline.com, India The BSE Oil & Gas Index (up 6.2%): Refinery stocks gained thrust after the Petroleum Minister Murli Deora on Friday said that he will be seeking cabinet approval for deregulating fuel prices from the government in the next six weeks. ... Oil stocks surge on deregulation plans Business Standard India May Lift Cap on Fuel Prices; Refiners Surge Bloomberg Deora exorcises oil ministry ghost Zee News Reuters India - Hindu all 102 news articles

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Full Story: BSE Oil & Gas Index up 6.2% in the week - India Infoline.com

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New RIL gas find may put India among top 15 Economic Times, India MUMBAI: Reliance Industries' (RIL) new gas finds in the Krishna Godavari (KG) basin, if validated by Indian regulators, may place India among the top 15 gas producers in the world. RIL's joint venture partner UK-based Hardy Oil and Gas on Wednesday had ... Consultant confirms oil, gas in Reliance KG blocks Hindu Business Line Hardy Oil finds significant gas off India's east coast Reuters RIL finds gas in two new KG basin blocks India Infoline.com Livemint - Myiris.com all 28 news articles

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Full Story: New RIL gas find may put India among top 15 - Economic Times

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RIL's new gas find to put India in global league Economic Times, India MUMBAI: New gas finds by Reliance Industries (RIL) in the Krishna Godavari (KG) basin, if validated by Indian regulators, may place India among the top 15 gas producers in the world. RIL's joint venture partner the UK-based Hardy Oil and Gas on ... Consultant confirms oil, gas in Reliance KG blocks Hindu Business Line Hardy Oil gas find Calcutta Telegraph RIL finds gas in two new KG basin blocks India Infoline.com Reuters - Livemint all 25 news articles

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Full Story: RIL's new gas find to put India in global league - Economic Times

The key benchmark indices extended gains in afternoon trade today led by a rally in metal, capital goods and oil & gas stocks.

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The BSE 30-share Sensex was up 194 points at 14,304 and the Nifty rose 57 points to 4,333. The market was volatile as traders rolled over positions from May 2009 contracts to June 2009 contracts in the futures & options (F&O) segment ahead of expiry of May 2009 contracts today, 28 May 2009. After opening higher, the market soon slipped into the red before bouncing back.

Full Story: Metals, capital goods lead Sensex rally - NDTV.com

Crude oil production down 3 pc in April Economic Times, India 28 May 2009, 1640 hrs IST, PTI NEW Delhi: Nation's crude oil production fell 3.1 per cent in April to 2.73 mn tonnes due to a dip in output from Oil and Natural Gas Corporation's (ONGC) prime Mumbai High oil and gas fields. Crude oil production in ... India's crude oil imports dip 12.1% in April Business Standard all 11 news articles

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Full Story: Crude oil production down 3 pc in April - Economic Times

New Delhi, May 27: Hardy Oil and Gas, which has a marginal stake in Reliance Industries’ blocks in the Krishna Godavari basin, has found significant gas in two blocks — D-3 and D-9. The D-3 and D-9 fields may hold 9.5 trillion cubic feet and 10.8 trillion cubic feet of gas, respectively.

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New Delhi, May 27: Tata Motors has completed refinancing of the $3-billion bridge loan taken for the acquisition of Jaguar Land Rover. It has already paid $2 billion of the total amount and has amended the bridge finance loan agreement, according to which the car maker has time till December 31, 2010 to pay the remaining $1 billion. New Delhi, May 27: Sistema Shyam Teleservices today announced a strategic agreement with Aegis BPO for outsourcing customer service operations of its mobile service brand MTS in the eastern circle.

Full Story: Hardy Oil gas find - Calcutta Telegraph

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RIL strikes two more gas reserves in KG basin Economic Times, India D-3 and D-9 blocks in the same KG basin may hold 9.5 Tcf and 10.8 Tcf of gas reserves respectively, UK-based Hary Oil and Gas Plc said in a statement. Hardy, which cited estimates by independent consultant Gaffney, Cline and Associates, has 10 per cent ... Hardy Oil finds significant gas off India's east coast Reuters Hardy tots up KG riches Upstream Online KG blocks may hold gas bounty Upstream Online all 12 news articles

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Full Story: RIL strikes two more gas reserves in KG basin - Economic Times

At 13:33 hours IST - the benchmark indices extended losses on the back of profit booking in shares of oil & gas, power, telecom, metal, realty, capital goods, major banking companies. Negative cues from the european markets were also putting pressure on our markets; the FTSE fell 30 points, to 4,335. The CAC was down 45 points, to 3,190 and the DAX fell 65 points to 4,852.

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Biggest draggers were Bharti, Reliance Industries, NTPC, Reliance Communication, ICICI Bank, ITC, SAIL, DLF, L&T, Tata Power, Ranbaxy Labs, Tata Motors, BPCL and Unitech plunged 2.5-8%. Nifty declined 87 points, to 4,150, at 13:33 hours IST. The BSE Midcap and the Smallcap indices fell over 2%.

Full Story: Mkts extend losses; telecom, oil & gas, power, realty slip - Moneycontrol.com

The key benchmark indices edged lower in volatile afternoon trade led by a decline in realty and oil & gas counters. IT stocks, however, extended gains today. The BSE 30-share Sensex was down 73 points to 13,840 and the Nifty fell 40 points to 4,198.

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The market breadth, indicating the overall health of the market, was strong. On BSE, 1,949 shares rose as compared with 625 that fell. A total of 33 shares remained unchanged. The BSE Mid-Cap index was up 0.28% and the BSE Small-Cap index was up 1.52%. Both the indices outperformed the Sensex.

Full Story: Realty, oil & gas stocks slide in weak markets - NDTV.com

The recent escalation of the crisis in the Niger Delta to a full-scale war is threatening crude oil production and investments in the country. MARTIN AYANKOLA examines the issues involved and the implication for the country in this report.

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Shell discovered oil in Oloibiri in present day Bayelsa State in 1956 and the country exported its first cargo of crude oil in 1958.  Between then and now, the Nigerian oil industry has grown in leaps and bounds with the nation having the ability to produce three million barrels of crude oil daily, but the Niger Delta crisis and the Organisation of Petroleum Exporting Countries’ quota, has limited production to just over 1.7 million barrels per day. Although more than 80 per cent of Nigeria’s foreign exchange comes from crude oil, the overall impact of the resource on the nation’s Gross Domestic Product has been minimal.

Full Story: N'Delta crisis crippling oil and gas sector - The Punch

At 10:37 hours IST, the benchmark indices were seeing two way moves, as both the indices were still in consolidation phase. Shares of oil marketing, telecom, realty and metal were witnessing buying interest. However, shares of oil & gas exploration, technology, select financials and power companies were under pressure.

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Nifty (ONGC has more weightage) fell 16 points, to 4,222, at 10:37 hours IST. The broader indices continued their outperformance; the BSE Midcap Index was up 1.7% and the Smallcap Index gained 3%. ranged between 4,100 and 4,500 and added that there may not be fresh moves above the 4,200-4,500 anytime soon.

Full Story: Mkts volatile; technology, oil & gas exploration decline - Moneycontrol.com

Cap on oil producers' profits in the pipeline Economic Times, India The new government has initiated reforms in the oil and gas sector, and its priority is to ease the subsidy burden that is hurting the financials of blue-chip oil companies and the fiscal health of the government, a person familiar with the matter said ...

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Full Story: Cap on oil producers' profits in the pipeline - Economic Times

New Delhi (PTI): The Institute of Chartered Accountants of India (ICAI) will soon update the accounting norms for oil and gas industry to keep pace with the technological developments in the sector.

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But since then a lot of technological improvement has taken place. Therefore, we are revising some norms," ICAI Vice- President Amarjit Chopra told PTI. The new guidelines will especially address accounting issues pertaining to expenditure incurred in new technology required for exploration of oil and gas fields.

Full Story: ICAI to update accounting norms for oil and gas sector - Hindu

State-run Oil and Natural Gas Corporation (ONGC) has approached the Directorate General of Hydrocarbons (DGH) seeking permission to retain the Ambe field block, located off the Gujarat coast. It has also asked the regulatory body to waive off liquidated damages on the field.

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DGH had earlier said that, since ONGC and Cairn India failed to submit the Ambe's field development plan in time, they would have to relinquish the block or pay liquidated charges and provide a bank guarantee. With a 40 per cent stake, Cairn India is the operator of the Ambe field, which is located in the Cambay basin and lies around 25 km west of Cairn India’s Lakshmi field. ONGC owns 50 per cent stake in the Ambe field, while Tata Petrodyne has the balance 10 per cent.

Full Story: ONGC seeks to retain Cambay basin block - Business Standard

NEW DELHI: With hints of continuity in Petroleum Ministry, the outgoing Petroleum and Natural Gas Minister, Murli Deora, on Saturday declared that deregulation of fuel prices and revising rates of natural gas sold by State-run oil and gas firms would form the top priority in the second term.

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Mr. Deora, tipped to retain the Petroleum and Natural Gas Minister portfolio with Cabinet status, is also all set to break the jinx that no Petroleum Minister has returned to office for a second successive term. The Petroleum Ministry had already prepared a draft note giving public sector Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation a free hand to fix petrol and diesel prices when crude oil prices were below $75 a barrel and raising rates of natural gas produced by Oil and Natural Gas Corporation (ONGC) and Oil India from nominated fields. Interestingly, no one ever has completed a full five-year term in office as Petroleum Minister and none have ever been repeated. Former Petroleum Minister in the NDA Government Ram Naik was the longest serving Minister with his term lasting nearly four-and-half years from end-1999. An industrialist by profession, Mr. Deora became a Cabinet- rank Minister in January 2006 when he replaced Mani Shankar Aiyar as Minister for Petroleum and Natural Gas.

Full Story: Deregulation of fuel prices gains urgency - Hindu

Decontrolling the prices of petroleum products will be one of the key issues the new petroleum minister will have to address, according to the ministry’s bureaucrats who have drawn up a list of priority items.

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“Freeing prices of sensitive petroleum products to ensure financial health of oil marketing companies (OMCs) is one of the key issues that would be looked at by the new minister. However, some kind of ceiling in crude oil price may be put in place, beyond which the government would intervene in the interest of consumers,” said an official. The bottomlines of three OMCs — Indian Oil, Hindustan Petroleum and Bharat Petroleum - have been in the red on account of subsidised sales of petrol, diesel, kerosene oil and liquefied petroleum gas (LPG). Notably, the Indian basket of imported crude oil touched a peak of $142 a barrel in last July.

Full Story: New petro minister to look at freeing retail prices - Business Standard

By CHRIS KAHN – 16 hours ago NEW YORK (AP) — Retail gasoline prices continued to climb Friday ahead of the Memorial Day weekend and the unofficial start of America's summer driving season.

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The national average pump price increased nearly 3 cents overnight to $2.391 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Gasoline prices ticked higher every day this month. Benchmark crude for July delivery rose 62 cents to settle at $61.67 a barrel in light, pre-holiday trading on the New York Mercantile Exchange. In London, Brent prices increased 85 cents to settle at $60.78 a barrel on the ICE Futures exchange.

Full Story: Gasoline prices swing higher before holiday - The Associated Press

NEW YORK -(Dow Jones)- The number of rigs drilling for oil and natural gas inthe U.S. fell this week as producers continued to curb drilling activity amidslumping energy prices.

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The number of oil and gas rigs fell to 900, down 18 from the previous week,according to rig data from oil-field services company Baker Hughes Inc. (BHI).The number of gas rigs was 711, a drop of 17 rigs from last week, while the oilrig count fell to 180, a decrease of one rig. The number of miscellaneous rigswas unchanged at nine.

Full Story: Baker Hughes: US Oil, Gas Rig Count Down 18 To 900 This Week - CNNMoney.com

The key benchmark indices were flat in choppy afternoon trade today. While capital goods and pharma stocks gained; realty, metals and auto counters were under pressure. Weak global markets also weighed on the investor sentiments. The BSE 30-share Sensex was up 17 points to 13,754 and the Nifty slipped 13 points to 4,197.

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The market breadth, indicating the overall health of the market, was strong. On BSE, 1,492 shares rose as compared with 999 that fell. A total of 55 shares remained unchanged. The BSE Mid-Cap index was down 0.66%, underperforming the Sensex The BSE Small-Cap index was almost unchanged, outperforming the Sensex which was down 045% .

Full Story: Realty slides in rangebound markets - NDTV.com

Free-pricing hopes fuel oil co stocks Economic Times, India The three oil retailers — IOC, HPCL and BPCL — are suffering losses on sale of auto fuel and cooking gas, as they sell these items at prices fixed by the government. BPCL shares were up 10% at Rs 445, while HPCL and IOC scrips closed 15% higher at Rs ... ONGC, Oil India bail out refiners with Rs 943-cr subsidy Hindu Business Line Oil stocks up on de-control buzz Economic Times all 5 news articles

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Full Story: Free-pricing hopes fuel oil co stocks - Economic Times

The key benchmark indices cut losses in volatile afternoon trade led by gains in realty, metal and oil & gas stocks.  The BSE 30-share Sensex was down 19 points to 14,041. The Nifty was up 34 points to 4,304.  A sharp spike in ONGC helped the S&P Nifty move into the green. ONGC spurted 8 per cent to Rs 1,071.

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The market breadth, indicating the overall health of the market, was strong. On BSE, 2,225 shares rose as compared with 300 that fell. A total of 56 shares remained unchanged. India's largest private sector firm by market capitalisation and oil refiner Reliance Industries (RIL) rose 0.28% to Rs 2156.90. The stock was volatile. It hit a high of Rs 2,177.85 and a low of Rs 2,126. Analysts expect strong growth in bottom line in coming quarters from sale of gas which it started pumping last month from its deep-sea field off the east coast.

Full Story: PSU stocks surge in choppy trade - NDTV.com

The Sensex today opened up 71 points at 14,231. The index soon slipped into red but however managed to recover and touch a high of 14,405 in late morning trades.

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Following which, the index pared gains and slipped back into the negative zone. Constant selling in banking and oil & gas stocks dragged the index to a low of 13,976 - down 429 points from the day's high. The market breadth was highly positive - out of 2,735 stocks traded, 2,392 advanced, 299 declined and 44 were unchanged today.

Full Story: Sensex sheds 240pts; Tata Motors zooms 19% - Business Standard

(Reuters) - Talisman Oil & Gas Ltd, a unit of Talisman Energy Inc ( TLM.TO ), discovered a significant gas condensate field in the Niscota Block of the Andes foothills in Colombia.

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The Huron-1 well located in the Niscota Block was spudded in June last year and has been drilled to a current depth of 18,275 feet in a heavily faulted area and encountered several reservoirs, the company said. Talisman, which holds a 30 percent interest in the Niscota Block, said one reservoir was tested at 3,400 barrels per day of gas condensate.

Full Story: Talisman discovers gas condensate field in Colombia - Reuters

DUBAI, May 19 (Reuters) - UAE's Dana Gas DANA.AD couldtransform itself from the Gulf region's largest private gascompany into a mini-multinational energy player if its plan topump gas from northern Iraq into European homes comes to pass.

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Dana, whose shares have risen 15 percent in two days, standsto sell more gas at a higher price with its scheme to kick-startthe Nabucco pipeline, providing a big boost to earnings -- butthe project still faces some hurdles, analysts say. "If this project was genuinely going to export gas, then wewould expect the gas to be sold at higher prices in the Europeanmarket relative to selling gas domestically in Iraq," said ScottDarling, an analyst at bank Nomura.

Full Story: UAE's Dana in leap with Iraq gas deal - analysts - Reuters

will pay“around 9.4 billion rupees” ($197 million) in additionalsubsidies to state refiners for sales of fuels below cost.

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, the nation’slargest, sell oil products at fixed prices to curb inflation andget government bonds and discounts from state-run oil and gasproducers as partial compensation. ONGC was “provisionallyexempted” by the government from subsidizing the refiners inthe three months ended March 31, Chairman and Managing Director R.S. Sharma said March 26. “Yes, we had told ONGC they wouldn’t have to pay anysubsidy for the quarter,” Oil Secretary R.S. Pandey said bytelephone from New Delhi today. “Oil prices have risen sincethen and these are the final adjustments.” The government hasn’t yet informed ONGC about the subsidyit will bear in the fourth quarter, Sharma said.

Full Story: ONGC, GAIL to Pay 'Around 9.4 Billion Rupees' Subsidy - Bloomberg

BAGHDAD/DUBAI, May 19 (Reuters) - Baghdad's desperation formore cash to rebuild after years of sanctions and war couldprovide a long-awaited catalyst for a deal with minority Kurdson oil and gas exports.

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Iraq's Oil Ministry on Monday rejected an $8 billion Kurdishplan to fill the Nabucco pipeline with gas for Europe, thelatest spat in a long feud with the largely autonomous Kurdistanregion over control of massive oil and gas reserves. "Iraq is desperate for oil export money and hard currency, apotential driver for a deal with the Kurdish region that is muchstronger than anything we've seen previously," said SamuelCiszuk, analyst at IHS Global Insight in London.

Full Story: Iraq's cash needs may drive energy deal with Kurds - guardian.co.uk

Fuel prices likely to be decontrolled soon Economic Times, India Certain suggestions by the IEP have been incorporated in the 11th Five-Year Plan (2007-12) document, which says that “the oil and gas sector continues with an unsustainable pricing policy”. “It is against policy to force public sector oil marketing ...

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Full Story: Fuel prices likely to be decontrolled soon - Economic Times

, India’sbiggest energy exploration company, climbed to the highest levelin seven months on speculation the Manmohan Singh governmentwould relax curbs on fuel prices, helping to boost profits.

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The shares climbed 5.1 percent to 995.70 rupees, thehighest since Oct. 3, extending yesterday’s 16 percent gain inMumbai trading. The benchmark Sensitive Index rose 0.12 percent. “People are factoring in government may decontrol fuelprices,” said Mumbai-based Deepak Pareek , an analyst with AngelBroking Ltd. “By that logic, the refiners should increase too,but haven’t. Everyone seems to be looking for direction.” Singh’s ruling Congress party won the most seats since 1991in India’s national elections that ended May 13, enabling it toform the next government without seeking the support ofcommunist lawmakers who oppose fuel price increases. Thegovernment controls automobile and cooking fuel prices andforces exploration companies to partly bear losses by refinersthat sell oil products below cost.

Full Story: ONGC Shares Extend Gains to Highest in Seven Months - Bloomberg

COPENHAGEN, May 19 (Reuters) - State-controlled Danish oiland gas group DONG Energy [DONG.UL] posted a 17 percent fall infirst-quarter core profit and said it was to cut costs by 350million crowns ($64 million) because of the global downturn.

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Earnings before interest, tax, depreciation and amortisation(EBITDA) fell to 2.65 billion Danish crowns ($482 million),mainly due to effects of timing differences in connection withbig fluctuations in market prices for oil, gas and coal. "In view of the economic recession, cost reductions with aneffect of 350 million crowns will be implemented in 2009 -- withincreasing effect in 2010-2011," DONG said on Tuesday.

Full Story: DONG Energy Q1 core profit falls, to cut costs - Reuters India

New Delhi: State-owned Oil India Ltd, or OIL, expects net profit to rise almost 12% to Rs2,000 crore for the fiscal ended 31 March on record crude oil production.

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India’s second largest explorer, expected to announce its earnings after a 30 May board meeting, produced 3.47 million tonnes of crude in the year, a 12% increase over fiscal 2008. It also produced 2 billion cu. m of gas during the period, 8% more than in fiscal 2008. “We have had the maximum crude oil production in the history of OIL,” said a top OIL executive, who did not want to be named.

Full Story: Oil India expects profits to increase to Rs2,000 crore - Livemint

Monday, 18 May 2009 Oil exploration and production companies are not only facing acute shortages of drilling rigs by over 60% but also suffering from a crunch of skilled personnel to an extent of 30% which has resulted into inordinate delays of their hydrocarbons discovery schedule, with projects cost exceeding about 30% in last 3 to 4 years.

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The aforesaid inferences are drawn in a paper on Indian Oil & Gas Sector, an overview, brought out by ASSOCHAM, further highlights that mismatch between demand of drilling rigs and their supplies on one hand and shortages of skilled personnel against their demand for oil and gas exploration if not addressed urgently, India’s crude import will go up by 20%. Currently, 70% of India’s petroleum, oil & lubricant requirements are met through imports which might go up to 90% by 2010, warns the Paper.

Full Story: Oil and Gas project costs up by 30% due to rigs shortage - ASSOCHAM - SteelGuru

Energy seeks power of good(ies) Economic Times, India On the anvil for the oil & gas sector is a seven-year tax exemption for natural gas production, deregulation of auto fuel prices and direct fuel subsidies on cooking gas and kerosene to the poor through smart cards. The power sector may get fresh ...

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Full Story: Energy seeks power of good(ies) - Economic Times

How would you assess Nigeria‘s participation at Oil in Gas Reforms Implementation Committee in relation to local content? The organisation is very good. We also have more Nigerian companies participating. More people are coming to terms with the fact that Nigeria can compete in the world of oil and gas service.

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What you find is that in the OGIC is a combination of exposing your companies to the oil and gas markets. It also exposes Nigerian companies to global partnership opportunities. The reason is that at the heart of oil and gas service is technology acquisition. The OTC participation exposes Nigerian companies to the international market, both for the purpose of job deployment and technology partnership and acquisition. Are you satisfied with the implementation of the local content policy in Nigeria as at today? Quite frankly, in Dorman Long, we are more optimistic in the sense that over the past four years (specifically starting May 2005), the Nigerian National Petroleum Corporation created a full blown Nigerian content division, under the headship of a Group General Manager. From 2005 to date, which is roughly four years, Nigerian content development has made significant progress, even more than it had made in the 50 years of the industry.

Full Story: Nigeria, most attractive destination for oil, gas exploration ... - The Punch

By Zainab Fattah May 17 (Bloomberg) -- Gulf stocks fell on concern thatshare prices have outpaced the prospects for earnings growth asDana Gas PJSC reported a first-quarter loss and oil tumbled themost this month.

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Dana Gas retreated for the fourth time in five days as theproducer of natural gas announced a 32-million dirham ($8.72million) loss. Emaar Properties PJSC , the biggest real-estatedeveloper in the United Arab Emirates, sank for a third straightday after crude slumped 3.9 percent.

Full Story: Gulf Stocks Decline on Earnings, Oil; Dana Gas, Emaar Retreat - Bloomberg

* NABUCCO - A 7.9 billion euro ($10.69 billion) project totransport gas from Turkey to Austria through Bulgaria, Romania,and Hungary. Construction of the 3,300-km (2,050 mile) pipelineis scheduled to start in 2011 and first deliveries are expectedin 2014 with an initial annual capacity of 8-10 bcm.

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OMV and MOL said they had formed a consortium on Sunday withtwo companies from the United Arab Emirates operating in theKurdistan region of Iraq to pump enough gas to facilitate thefirst stage of the pipeline. [ID:nSP496384] It could transport up to 31 bcm of gas a year from CentralAsia and the Middle East to Europe by 2020, reducing dependencyon Russian gas, and may be used to bring Iranian gas to Europe. ENI.MI ) plan to build a 10 billion euro ($13.53 billion)pipeline, seen as a rival to Nabucco, to take Russian gas underthe Black Sea to south-eastern Europe, avoiding Ukraine withwhich Russia has had pricing debates.

Full Story: FACTBOX-Major energy pipelines in central/south Europe - Reuters

May 15 (Reuters) - Nigeria's main militant group has declared an "all-out war" in the creeks of the Niger Delta after a military offensive against one of its major camps in the heart of Africa's biggest oil and gas industry.

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Below are some questions and answers about how serious the escalation of violence is and what the implications might be. WHY IS THE DELTA IMPORTANT? The Niger Delta, a network of thousands of shallow creeks opening into the Gulf of Guinea, is the heartland of a 1.9 million barrels per day (bpd) oil industry which makes Nigeria the world's eighth biggest oil exporter.

Full Story: Q+A-Unrest in Nigeria's oil heartland - Reuters

Iraq's Oil Minister Hussain al-Shahristani says deals made by Kurdistan with foreign private oil companies to develop petroleum production in new fields for export starting next month are illegal. But a former Iraqi oil minister taking part in the Second Iraq Oil and Gas Summit in Houston on Wednesday expressed confidence that such disputes will be resolved and that the country's oil wealth will increase in the years ahead.

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Former Iraqi Oil Minister Ibrahim al-Oloum says he is confident political differences in his country can be resolved so that its oil wealth can be fully exploited. He hailed the Kurdistan Regional Government's plan to sell oil from its new fields and downplayed the dispute over direct deals made by the regional government with two foreign companies. "These differences, these political differences, really deprive the Iraqi people of development. We need to resolve them," he said.

Full Story: Former Iraqi Oil Minister Plays Down Dispute With Kurdistan Production - Voice of America

1 hour ago CALGARY — Testudo Oil & Gas Exploration Ltd. (TSXV:TG.P), a junior oilpatch company based in Calgary, says it has struck a related party deal to acquire privately owned Batoche Energy Corp for $2.1 million in cash, debt and shares.

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Batoche is a private Alberta company with oil and gas sales of more than $2 million in the last fiscal year and a 47.5 per cent working interest in properties about 14 kilometres north of Griffin, Sask. The acquisition is a related party deal since Gregory Leia, the chief financial officer and a director of Testudo, also is the sole executive and owner of Batoche.

Full Story: Testudo Oil & Gas to buy Batoche Energy for $2.1 million - The Canadian Press

--> Oil exploration and production companies are not only facing acute shortages of drilling rigs by over 60% but also suffering from a crunch of skilled personnel to an extent of 30% which has resulted into inordinate delays of their hydrocarbons discovery schedule, with projects cost exceeding about 30% in last 3-4 years.

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The aforesaid inferences are drawn in a Paper on `Indian Oil & Gas Sector : An Overview’, brought out by ASSOCHAM, further highlights that mismatch between demand of drilling rigs and their supplies on one hand and shortages of skilled personnel against their demand for oil and gas exploration if not addressed urgently, India’s crude import will go up by 20%. Currently, 70% of India’s petroleum, oil & lubricant (POL) requirements are met through imports which might go up to 90% by 2010, warns the Paper.

Full Story: Oil & Gas Cos. Project's Costs Up By 30% Due To Rigs Shortage ... - Webnewswire.com

'Indian seabeds may have huge oil, gas deposits' Times of India, India Speaking to TOI, Gallet said, "The core area of focus for SUT is oil and gas because there is a lot of money involved in it. The basic investment for surveying the area and its exploration involves investment in billion of dollars. ...

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Full Story: 'Indian seabeds may have huge oil, gas deposits' - Times of India

 moved towards the 11900 level. Technology, banking, oil & gas, realty, select power and telecom stocks were witnessing buying interest. However, L&T, HUL, Hero Honda, SAIL, Siemens, Tata Steel, ACC and Grasim were still under pressure.

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On the sectoral front , the BSE IT Index was up 3.7%. TECK and Bank indices gained 2.7 each. Realty and Oil & Gas indices rose 1.6% each. In the banking space, PNB, HDFC Bank, ICICI Bank, Axis Bank and SBI were up 1.7-4.8%. Among the technology stocks, Infosys and Wipro gained over 4%. HCL Tech and TCS rose 1.2-1.7%.

Full Story: Nifty hits 3600 led by banks, tech, oil & gas, telecom - Moneycontrol.com

SALT LAKE CITY -- Two separate lawsuits charge the Department of Interior improperly withdrew a series of oil and gas leases in three Utah counties. Now the counties, as well as the energy companies, are taking Interior Secretary Ken Salazar to court.

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The lawsuits claim the leases were bought and paid for, then improperly withdrawn. It's ultimately a fight over environmental concerns in an area rich with natural resources. Oil and gas drilling operations are crucial for the economies in Uinta, Carbon and Duchesne counties.The counties' lawsuit cites that potential loss in the hundreds of thousands, even millions of dollars.

Full Story: 2 lawsuits filed against Interior Dept. over oil and gas leases - KSL-TV

Govt to clear air on tax holiday for NELP bidders soon Economic Times, India A transparent policy will be brought out when the new government is formed," Economic Advisor to Ministry of Petroleum and Natural Gas, Archana Mathur, said. India, which launched its biggest ever auction of oil and gas blocks, offering 70 areas for ...

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Full Story: Govt to clear air on tax holiday for NELP bidders soon - Economic Times

Exit won't relieve ONGC of its levy burden on Rajasthan crude Economic Times, India The government, in order to attract foreign investment, had promised to take care of statutory levies on oil and gas production when it awarded blocks like RJ-ON-90/1 in Rajasthan more than a decade ago. ONGC was appointed licensee for RJ-ON-09/1, ... Cairn open to buying ONGC's 30% stake Business Standard 'ONGC has to pay royalty on Barmer oil' Times of India Cairn to start production in Rajasthan field by May-end mydigitalfc.com all 9 news articles

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Full Story: Exit won't relieve ONGC of its levy burden on Rajasthan crude - Economic Times

Cairn India is open to buying the 30 per cent stake that government-owned Oil and Natural Gas Corporation (ONGC) owns in its oil block in Rajasthan. Cairn India is the operator of the block, with 70 per cent ownership currently.

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ONGC had earlier asked the government for permission to relinquish its stake in the Rajasthan block saying the royalty burden and the development cost it would have to bear would make its investment in the project unviable. Selling the stake would not, however, address the key problem that ONGC faces, which is the burden of royalty payment it has to bear as the nominated licensee to the block. This is because ONGC gained the stake under a provision that is distinct from a licensee obligation. The government nominated the state-owned exploration company as the licensee for the block in 1995.

Full Story: Cairn open to buying ONGC's 30% stake - Business Standard

were hovering around 11900-11800 and 3600 levels, respectively. There was a lot of volatility around those levels, ahead of election results on Saturday. Yesterday's exit polls results suggest that there will be a hung Parliament.

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Shares of oil & gas exploration, technology, select financials and auto along with L&T and Bharti were putting pressure while select pharma, select power, metal and cement stocks were helping the markets. Nifty was down 44 points, to 3,590, at 12:15 hours IST. The broader indices were quiet in trade.

Full Story: Mkts trade lower; oil & gas exploration, IT, banks weak - Moneycontrol.com

shot up over 100 points, ahead of Election results on Saturday. This sharp rally was despite the weak IIP (Index of Industrial Production) data, which came in at -2.3% for March. Huge buying in technology, banking, realty, telecom and infrastructure stocks supported the markets to show strong upsurge.

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Among the frontliners, HDFC, Wipro, ICICI Bank, Bharti Airtel, Infosys, Reliance Industries, Hindalco and BHEL were up 5-7.7%. Jaiprakash Associates, M&M, Reliance Communication, HDFC Bank, Tata Motors, Reliance Infrastructure, TCS and DLF gained 3.5-4%. The fifth and last phase of Election polling will begin tomorrow (May 13, 2009) and the results will be out on May 16, 2008, Saturday.

Full Story: Nifty ends above 3650; IT, Bank, Oil & Gas, teck up 4-5% - Moneycontrol.com

'ONGC liable to pay levy on crude oil from Rajasthan fields' Economic Times, India The government in order to attract foreign investment, had promised to take care of statutory levies on oil and gas production when it awarded blocks like RJ-ON-90/1 of Rajasthan more than a decade back. ONGC was appointed licensee for RJ-ON-09/1 which ... 'ONGC has to pay royalty on Barmer oil' Times of India all 2 news articles

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Full Story: 'ONGC liable to pay levy on crude oil from Rajasthan fields' - Economic Times

Mumbai, May 13 (PTI): State-run Oil and Natural Gas Corporation Ltd will invest about Rs 9,000 crore over the next three to four years in the Mumbai High offshore field.

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“The Phase II redevelopment of Mumbai High is going on. About Rs 9,000 crore will be pumped into it over the next three to four years. It is a long-term programme,” ONGC director (offshore) Sudhir Vasudeva told reporters on the sidelines of a conference here. The PSU had injected Rs 8,000 crore in the first phase of redeveloping the two-decade- old field.

Full Story: Mumbai High revamp - Calcutta Telegraph

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ONGC plans Rs 9000 cr Mumbai High revamp Business Standard, India PTI / Mumbai May 13, 2009, 16:52 IST State-run Oil and Natural Gas Corporation (ONGC) will invest about Rs 9000 crore over the next 3-4 years to enhance oil and gas output as part of phase II redevelopment of its Mumbai High field on India's Western ... ONGC to flow first gas from KG basin fields in April next year Economic Times ONGC To Invest Rs.6000 Cr. In New, Existing Fields RTT News ONGC plans CAPEX for offshore fields SteelGuru all 40 news articles

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Full Story: ONGC plans Rs 9000 cr Mumbai High revamp - Business Standard

Big oil calls on contractors to cut costs now Reuters By Daniel Fineren MILFORD HAVEN, Wales, May 12 (Reuters) - Energy service contractors must cut their charges to oil and gas companies to ensure both parts of the industry thrive after the current crisis, the chief executives of two of the world's ...

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Full Story: Big oil calls on contractors to cut costs now - Reuters

shot up over 100 points, ahead of Election results on Saturday. This sharp rally was despite the weak IIP (Index of Industrial Production) data, which came in at -2.3% for March. Huge buying in technology, banking, realty, telecom and infrastructure stocks supported the markets to show strong upsurge.

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Among the frontliners, HDFC, Wipro, ICICI Bank, Bharti Airtel, Infosys, Reliance Industries, Hindalco and BHEL were up 5-7.7%. Jaiprakash Associates, M&M, Reliance Communication, HDFC Bank, Tata Motors, Reliance Infrastructure, TCS and DLF gained 3.5-4%. The fifth and last phase of Election polling will begin tomorrow (May 13, 2009) and the results will be out on May 16, 2008, Saturday.

Full Story: Nifty ends above 3650; IT, Bank, Oil & Gas, TECk up 4-5% - Moneycontrol.com

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IOC may cut its stake in Farsi fields Business Standard, India The company was also looking at trimming the stake in Iran as the contract for Farsi was only a service contract and Indian firms would not get ownership of oil and gas. Oil and gas found in the Farsi block belong to the National Iranian Oil Co (NIOC) ... OVL looks to guzzle gas from Iran Your Oil and Gas News (press release) Fuel oil sparks recovery hope Calcutta Telegraph Indian refiner offers early-June fuel oil cargo bunkerworld (subscription) all 11 news articles

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Full Story: IOC may cut its stake in Farsi fields - Business Standard

May 11 (Reuters) - Carrizo Oil & Gas Inc ( CRZO.O ) posted anadjusted first-quarter profit that beat estimates as productionvolumes reached a record high, but it posted a net loss aftertaking a non-cash impairment of oil and gas properties.

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Excluding a net $161.4 million charge, largely for theimpairment, the independent oil and gas exploration companyreported adjusted net income of 42 cents a share. But after the impairment, offset by an income tax benefitof $79.8 million, the company reported a net loss of $148.3million, or $4.80 a share. That compared with a loss of $5.3million, or 18 cents a share, a year earlier.

Full Story: Carrizo Oil & Gas Q1 adjusted profit beats Street - Reuters

OSLO, May 11 (Reuters) - Norwegian oil and gas companyStatoilHydro ( STL.OL ) posted a smaller-than-expected drop inprofits for the first quarter, helped by record output but hitby lower oil prices, and it stuck to its 2009 production target.

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Earnings before interest and tax (EBIT) fell to 35.5 billionNorwegian crowns ($5.57 billion) in the three months toend-March from 51.4 billion in the same quarter last year. The result beat an average forecast of a drop to 30.2billion crowns in a Reuters poll of 22 analysts whose estimatesranged from 25.9 billion to 35.7 billion crowns.

Full Story: StatoilHydro Q1 falls less than forecast - Reuters

The surge in crude prices over the past few years has benefited consuming countries more than the producers as their revenues from oil taxes far surpassed the total Arab oil export earnings, according to an official report.

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Although industrialised countries keep complaining about oil price spikes on the grounds they hurt their economies, they make big gains in terms of revenue as the surge in prices means higher taxes, showed the report by the 11-nation Organisation of Arab Petroleum Exporting Countries (Oapec). During 2002-2006, Arab oil producers netted about $1,205 billion (Dh4,426bn) from their crude exports while taxes in seven major industrialised nations (G7) fetched them a staggering $2,310bn, Oapec said in two separate studies.

Full Story: Oil import states gain from taxes - Emirates Business 24/7

RIL KG-basin to produce 80-mmscmd gas by December: Pandey Economic Times, India It currently produces a little over 15 mmscmd of gas, which it supplies to fuel-starved fertiliser and power firms. RIL is expected to touch production of 40 mmscmd of gas in the April-June quarter of FY 2010, RIL President (Oil and Gas) PMS Prasad had ...

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Full Story: RIL KG-basin to produce 80-mmscmd gas by December: Pandey - Economic Times

1 day ago HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the United States fell by 17 this week to 928, down nearly half from a year ago.

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Of the rigs running nationwide, 730 were exploring for natural gas and 190 for oil, Houston-based Baker Hughes Inc. reported Friday. Eight were listed as miscellaneous. A year ago, the rig count stood at 1,846. The U.S. count is down 54 percent since the end of August as weak energy demand has hampered oilfield activity.

Full Story: Number of active oil rigs falls by 17 - The Associated Press

NEW YORK, May 8 (UPI) -- Crude oil prices climbed higher on the New York Mercantile Exchange Friday in spite of U.S. manufacturing declines pointing to weaker demand.

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The Labor Department said productivity rose nominally, up 0.8 percent in the first quarter, but only because hours worked fell faster than factory output. Manufacturing productivity for durable goods declined 10 percent during the quarter. Crude oil prices gained $2.07 to $58.45 per barrel Friday. Heating oil prices gained 0.0296 cents to $1.5115 per gallon. Reformulated blendstock gasoline rose 0.0321 cents to $1.6985 per gallon. Natural gas prices gained 0.182 cents to $4.34 per million British thermal units.

Full Story: Crude oil prices rise Friday - United Press International

At 10:37 hours IST, the markets were choppy in trade. Both the indices were hovering at their previous closing values. The sell-off in financials stocks and in individual stocks like Sterlite, Wipro, Bharti, BHEL, Hindalco, Reliance Infrastructure, Maruti, Tata Motors and BPCL capped the gains.

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However, buying was seen in oil & gas exploration, pharma, cement, select power companies' shares and in stocks like TCS, Infosys, HUL, DLF, SAIL and Tata Steel. Sensex went up just 17 points, to 12,134, at 10:37 hours IST. The broader indices continued their outperformance - BSE Midcap and Smallcap indices gained 1% each.

Full Story: Mkts flat; financials dip, pharma, oil & gas exploration up - Moneycontrol.com

OVL looks to guzzle gas from Iran Economic Times, India The block also has oil reserves estimated at around 1 billion barrels. As per the understanding with Iran, Indian companies can buy back oil and gas as well as earn a margin on their production from the Farsi block. This, analysts believe, could serve ...

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Full Story: OVL looks to guzzle gas from Iran - Economic Times

The markets breadth was positive, about 1970 shares advanced, 1006 shares declined, and 136 shares were unchanged.

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Among the non-index stocks, Havells India and Tulip Telecom were up 23-25%. HBL Power, Kanoria Chemical, VTM, Geodesic, Kesoram and Info Edge gained 15-20%. Top gainers on the Sensex were Hindalco at Rs 65.05 up 4.67%, Reliance Comm at Rs 247.20 up 4.28%, ONGC at Rs 912.85 up 3.11% and Reliance at Rs 1,929.00 up 2.79%.

Full Story: Mkts trading higher; oil & gas, power, capital goods gain - Moneycontrol.com

ONGC added 284 mn tonne of oil & gas reserves in 2008-09 Business Standard, India PTI / New Delhi May 6, 2009, 14:05 IST Oil and Natural Gas Corp (ONGC) today said it added a record 284 million tonnes of oil and gas reserves in the 2008-09 fiscal, the highest addition by the company in the past 18 years. ONGC added in-place reserves ... ONGC accretes record hydrocarbon reserves during FY09 Myiris.com ONGC: a steady performer HardNews Magazine ONGC sees record high reserve accretion in FY09 Economic Times India Infoline.com all 10 news articles

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Full Story: ONGC added 284 mn tonne of oil & gas reserves in 2008-09 - Business Standard

The Calgary-based oil and natural gas company posted a netloss of C$35.2 million ($29.93 million), or 53 Canadian centsper share, compared with a profit of C$10.5 million, or 15Canadian cents per share, in the year-ago quarter.

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Production averaged 16,208 barrel of oil equivalent per day(boe/d) in the first quarter,down from 19,331 boe/d a year-ago. Liquids prices realized in the first quarter dropped 52percent to C$45.17/boe. Average natural gas prices slipped 34percent to C$5.60/mcf.

Full Story: Highpine Oil & Gas posts Q1 loss - Reuters UK

Hardening of premium rates in the overseas re-insurance market has led to a 19.5 per cent rise in the premium for insuring over $25 billion worth of offshore assets of Oil and Natural Gas Corporation (ONGC).

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The offshore insurance policy of ONGC that is coming up for renewal on May 11 is the largest in the country. ONGC will pay a premium of $31.73 million to renew the cover for its offshore assets, including all offshore oil and gas platforms, rigs, pipelines and vessels, for 2009-10. The policy is an “all risk” policy including the terrorism cover.

Full Story: ONGC will need to dish out more to stay insured - Hindustan Times

Chesapeake Energy Corp.'s first-quarter loss widened as the natural-gas producer reported impairment charges of more than $6.11 billion, mostly due to the slumping value of its natural gas and oil properties.

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The company also trimmed its capital expenditure budget by $500 million, or about 8%, to $6 billion. While demand for oil and gas has dropped amid the weakened economy, pricing has been harder to peg for natural gas, as new technologies have led to ...

Full Story: Chesapeake Energy's Loss Widens - Wall Street Journal

At 10:33 hours IST, the benchmark indices were witnessing some consolidation, after Monday's strong rally. Shares of oil & gas, technology, FMCG companies and stocks like HDFC, HDFC Bank, NTPC, SBI, Bharti, Idea and Siemens were under pressure.

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However, buying was seen in capital goods, auto and realty stocks and in individual stocks like Tata Steel, Reliance Communication, ICICI Bank, Grasim, Reliance Infrastructure, Ranbaxy and ACC. Nifty declined 15 points, to 3,639, at 10:33 hours IST. However, broader indices - BSE Midcap and Smallcap indices went up over 1%.

Full Story: Mkts volatile; oil & gas, technology, FMCG decline - Moneycontrol.com

New Delhi: Irritants in India’s policies, such as an ambiguity in tax holiday on natural gas production, are impeding foreign investments in oil and gas exploration and production (E&P), Oil and Natural Gas Corp. Ltd (ONGC) chairman and managing director R.S. Sharma said.

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In an interview to NewsWire18 on Monday, the head of the country’s largest hydrocarbon producer said policymakers should urgently address such ambiguities to attract more international players into India’s largely untapped exploration sector. “I feel policymakers must give more thought to the fact that the major E&P players have shied away because of minor irritants like controversy on Section 80-IB. In fact, this has been a controversy which should have been addressed much earlier,” he said.

Full Story: Policy irritants hurting investment: ONGC - Livemint

Oil & gas upstream cos gain on higher crude prices Economic Times, India MUMBAI: Shares of Indian oil & gas producing companies jumped Monday as the higher crude oil prices improved revenue expectations. However, shares of oil marketing companies declined on concerns higher crude prices may hamper their profitability. ... ONGC, Cairn India cheer but omcs stay in red Commodity Online all 5 news articles

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Full Story: Oil & gas upstream cos gain on higher crude prices - Economic Times

ARC Advisory Group claims the global oil and gas industries are set to increase spending on automation technology, despite the economic downturn.

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According to the ARC Advisory Group study “Automation Expenditures for Upstream Oil & Gas Industry Worldwide Outlook”, the automation expenditure on the part of upstream oil and gas sector, which includes exploration, production, and pipelines, is expected to attain a compounded annual growth rate of 9% over the next five years. While the automation market for oil and gas was US$6.9b in 2007, this is expected to grow to US$10.4b by 2012.

Full Story: Automation market for oil and gas to expand: ARC Advisory Group - Industrial IT

Expanding any fossil-fuel production offends many Americans. But policies placating this prejudice aren't in our national interest.

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Email To A Friend Please fill in the following information and we'll email this link. administration to be obsessed with job creation. And so it is, say the president and his supporters. The trouble is that there's at least one glaring exception to their claims: the oil and natural-gas industries. The Obama administration is biased against them—a bias that makes no sense on either economic or energy grounds. Almost everyone loves to hate Big Oil (the Exxons and Chevrons), and even small oil, but promoting domestic drilling is simply common sense.

Full Story: The Bias Against Oil and Gas - Newsweek

TRINIDADIANS would swear that the world is gripped by "blight", a toxic mix of negative forces or "spirit lashes" that have us reeling every-which-way. Those who believe in the biblical end-times would counter that God is angry with man, hence the confluence of wars, pestilence, human misery and harsh economic times. Whatever the reasons for the seemingly intractable problems that have engulfed the world, I choose to adopt calypsonian Blakie's refrain, "Ah never see t'ing so yet!" First came the economic recession that started in the seat of unbridled capitalism, the USA. Some might argue that the many wars America initiated were a precursor to the economic contagion that quickly spread from the sub-prime crisis to a global meltdown. That's the typical chicken and egg situation. Now, out of the sty comes a "swine flu" pandemic, threatening us with another doomsday scenario.

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As if the AIDS epidemic or the bird-flu scare weren't bad enough, man now faces possible extermination from a virus that began with the much maligned pig. Whoever or whatever triggered these multiple crises, reality is before we can deal with one deadly threat to civilisation as we have known it for centuries, another crops up to compound our woes. Except for Prime Minister Manning, whose periscope shows an "economic blip" that will soon dissipate, most economists, analysts and agencies that monitor the world's economic health are not that optimistic. The World Bank, the European Commission, the International Energy Agency and several other institutions have all revised their projections for recovery. They first said that by the end of 2009 we should see signs of a reversal of the decline that started in 2007 and infected the world by mid-2008.

Full Story: Food and water before oil and gas - Trinidad & Tobago Express

23 hours ago HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the United States fell by 10 this week to 945, down nearly half from a year ago.

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Of the rigs running nationwide, 741 were exploring for natural gas and 196 for oil, Houston-based Baker Hughes Inc. reported Friday. A total of eight were listed as miscellaneous. A year ago, the rig count stood at 1,839. The U.S. count is down 53 percent since the end of August as weak energy demand has hampered oilfield activity.

Full Story: Number of active oil rigs falls by 10 - The Associated Press

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Chevron 1Q Net Down 64% On Price Fall; Output Up Wall Street Journal - Isabel Ordonez, Angel Gonzalez Earnings in Chevron's upstream business, which includes exploration and production, plunged 75% on lower oil and gas prices. The bright side of Chevron's results were its refining and operations profits, which more than tripled due mainly to asset ... Lower oil prices likely to hit Chevron's Q1 - earnings preview RTT News Chevron 1Q profit falls 64 pct as oil prices drop The Associated Press Exxon Mobil's quarterly profit declines to a 5-year low Houston Chronicle Wall Street Journal - The Associated Press all 746 news articles

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Full Story: Chevron 1Q Net Down 64% On Price Fall; Output Up - Wall Street Journal

OVL, IOC to invest $4 bn in Iran gas field Business Standard, India "The oil and gas will belong to the National Iranian Oil Co (NIOC). They have the marketing rights and we have requested them to allocate the gas to us for converting it into LNG," he said. OVL, which holds 40% interest and is the operator of the block ...

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Full Story: OVL, IOC to invest $4 bn in Iran gas field - Business Standard

Reuters

Chevron CFO: Share Buybacks Unlikely At Current Oil,Gas Prices Wall Street Journal s (CVX) share repurchase program is unlikely at current oil and gas prices, as the company seeks to steer its constrained cash flow toward its capital program, Chief Financial Officer Patricia Yarrington said Friday. With "commodity price conditions as ... Chevron 1Q profit falls 64 pct as oil prices drop The Associated Press Lower oil prices likely to hit Chevron's Q1 - earnings preview RTT News Chevron earnings drop 64% on falling prices Financial Times Bloomberg - Dividend.com all 243 news articles

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Full Story: Chevron CFO: Share Buybacks Unlikely At Current Oil,Gas Prices - Wall Street Journal