Net income slipped by 82 per cent in the second quarter, Calgary-based Imperial Oil, thanks to lower oil and gas prices, maintenance activities in oilsands, heavy oil and refining segments and fewer asset sales. For full story, click here
Read the full article: "Imperial Oil declared Q2 Net Income Dip by..."
Friday, July 31, 2009
Energy Quest, Inc., an emerging leader in alternative energy, declared that it has signed an agreement with Cancen Oil Canada Corp. to provide testing facilities and feedstock for the testing phase of the construction of a 1,000 barrels per day heavy crude oil upgrader. Mr. Keith Talbot, President of Cancen Oil Canada Corp, stated: We [...]
Read the full article: "Energy Quest has signed Definitive Agreement..."
Friday, July 31, 2009
U.S. refiners that turned to cheaper, dirtier crude oil in recent years in a bid to boost profits are seeing the strategy backfire as supplies of the oil dwindle. For full story, click here
Read the full article: "Heavy Crude Loses Its Shine for Refiners"
Thursday, July 30, 2009
Energy Quest, Inc., an emerging leader in alternative energy, declared that it has signed an agreement with Cancen Oil Canada Corp. to provide testing facilities and feedstock for the testing phase of the construction of a 1,000 barrels per day heavy crude oil upgrader. For full story, click here
Read the full article: "Energy Quest has signed definitive agreement..."
Thursday, July 30, 2009
Baytex Energy Trust declared that it has closed the purchase of oil and gas assets in Saskatchewan and Alberta for $86.2 million. For full story, click here
Read the full article: "Baytex Energy Trust declared that it has..."
Thursday, July 30, 2009
Saipem SpA, Europe’s biggest oil services company by market value, declared second-quarter net profit surged 8% as it benefited from its bulging order backlog, and confirmed 2009 revenue and operating profit to be in line with those of last year. For full story, click here
Read the full article: "Pembina Pipeline Second-Quarter Profits..."
Thursday, July 30, 2009
Hit by slipping revenues and rising inventories, independent San Antonio-based refiner and marketer Tesoro Corp. reported a second-quarter loss Wednesday and advised that adverse conditions would continue into the third quarter. For full story, click here
Read the full article: "Tesoro declared loss in 2Q as Revenues..."
Thursday, July 30, 2009
Heavy-oil development and production company Ivanhoe Energy Inc declared that it has sold all of its U.S. oil and gas operations to a segment of National Fuel Gas Co for about $40 million. For full story, click here
Read the full article: "Ivanhoe Energy has sold US Oil, Gas..."
Tuesday, July 28, 2009
Valero Energy, the leading U.S. refiner, posted its first second-quarter loss in a decade and declared more losses are possible in this year’s second half after the recession eroded fuel demand. For full story, click here
Read the full article: "Valero Energy has posted Second-Quarter Loss..."
Tuesday, July 28, 2009
Cosmo Oil Co Ltd’s pretax profit likely plunged 60 percent to slightly more than 10 billion yen in the April-June quarter as margins thinned in its main refining business. For full story, click here
Read the full article: "Cosmo Oil quartely Pre-Tax Profit slipped 60%"
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Friday, July 31, 2009