Oil & Gas News for energy industry professionals.
ONGC's crude production to marginally rise in 2011-12
Crude production by state-run oil explorer Oil and Natural Gas Corporation is expected to increase marginally to 26.582 million tonnes in 2011-12 from around 25.425 million tonnes in 2010-11. ONGC has approved plan outlay of Rs24,720.21 crore for 2009-10 and Rs26,523.02 crore for 2010-2011 for exploration, production and allied activities, ...
Protalix chairman resigns for health reasons
Protalix Biotherapeutics Inc., a pharmaceutical company, said Tuesday its chairman of the board is resigning to recover from an illness.
Denbury, Encore merger approved
Shareholders of oil and gas companies Denbury Resources Inc. and Encore Acquisition Co.
Fadel Gheit Says `Golden Moment' of Oil Refining Is Over: Video
March 9 -- Fadel Gheit, managing director of oil & gas research at Oppenheimer & Co., talks with Bloomberg's Julie Hyman and Mark Crumpton about the outlook for oil refiners.
Broadridge Financial buys StockTrans
Broadridge Financial Solutions Inc. said Tuesday it has acquired StockTrans, a privately held company that provides services for registering and transferring stocks.
Exxon Lowers Investment Bar, Buys Projects Previously Deemed Too Piddling
Exxon Mobil Corp. , BP Plc and Total SA are investing in assets that previously werena t worth their time or money after oil-rich nations reduced access to reserves and exploration drilling faltered.
Chevron to shed 2,000 jobs, sell some assets
The job cuts represent almost 12 percent of its 17,000 workers in the so-called downstream part of its business and just over 3 percent of its overall work force.
Pengrowth profits down as oil and gas prices slide
Pengrowth Corp., which administrates Pengrowth Energy Trust, reported a 66% drop in fourth quarter profit Tuesday on lower commodity prices and sales.
Oil Drops to Near $81 After Monthlong Run-Up
In this March 5, 2010 photo, an overview of the ConocoPhillips oil refinery is seen in Rodeo, Calif.... In this March 5, 2010 photo, an overview of the ConocoPhillips oil refinery is seen in Rodeo, Calif.
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