Petroleum

Petroleum

A community portal about Petroleum with blogs, videos, and photos. According to Wikipedia.org: Petroleum or crude oil is a black, dark brown or greenish liquid found in formations in the earth. The American Petroleum Institute, in its... [more]

A community portal about Petroleum with blogs, videos, and photos. According to Wikipedia.org: Petroleum or crude oil is a black, dark brown or greenish liquid found in formations in the earth. The American Petroleum Institute, in its Manual of Petroleum Measurement Standards, defines it as "a substance, generally liquid, occurring naturally in the earth and composed mainly of mixtures of chemical compounds of carbon and hydrogen with or without other nonmetallic elements such as sulfur, oxygen, and nitrogen."

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BRITISH PETROLEUM EMBLEM FROM TANK CAR

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BRITISH PETROLEUM EMBLEM FROM TANK CAR

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CARACAS -(Dow Jones)- About five consortiums of oil companies are expected to place bids in Venezuela's long-delayed heavy oil drilling tender scheduled for January, according to media reports Friday. BP PLC (BP) and Royal Dutch Shell PLC (RDSA) may ...  
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Royal Dutch Shell plc: Director/PDMR ShareholdingReutersB)(the "Company") received notice on 3rd November 2009 from Lawrence Ricciardi, a Non-executive Director of the Company, that on 3rd November 2009 he ...Royal Dutch Shell plc: Director/PDMR ShareholdingReutersall 7 news articles »  
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HOUSTON, Nov. 6 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for October 2009 was 983, down 3 from the 986 counted in September 2009, and down 113 from the 1,096 counted in October 2008. The international offshore rig count for October 2009 was 267, down 8 from the 275 counted in September 2009 and down 17 from the 284 counted in October 2008.  
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Chevron executives hosted Saudi Arabian Minister of Petroleum and Mineral Resources His Excellency Ali Al-Naimi and Sheikh Ahmad Al-Abdullah Al-Sabah, Minister of Oil and Minister of Information in the state of Kuwait, at an event today marking the successful start-up of Chevron's Large-Scale Pilot (LSP) steamflood project at the Wafra field in the onshore Partitioned Neutral Zone (PNZ).  
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NEW YORK (MarketWatch) -- Crude futures extended gains Wednesday after government data showed surprising declines in crude and gasoline inventories last week as demand moved higher. Crude inventories fell 4 million barrels in the week ended Oct. 30, and gasoline inventories decreased 300,000 barrels, the Energy Information Administration reported. Analysts surveyed by Platts had expected a modest gain in both fuels. The EIA also reported a 400...  
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LOS ANGELES – The U.S. Environmental Protection Agency has issued a Unilateral Administrative Order to Texaco Inc. that requires the company to assess soil and groundwater contamination and evaluate additional cleanup options, for the Pacific Coast Pipeline Superfund Site (commonly known as the “Texaco site”) in Fillmore, Calif.  
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The fire is described as completely out of control. Jose Martins, spokesperson for PTTEP Australasia, the company that owns and operates the offshore drilling rig, admits that "Measures which we have been able to take so far can only mitigate the fire. They cannot stop the fire."  
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London, November , 02, 2009 2 November 2009 Faroe Petroleum plc ("Faroe", the "Company") Successful side-track appraisal well on Tornado discovery, west of Shetland Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and undeveloped field opportunities in the Atlantic margin, the North  
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There's little business in the refining business these days. Just take a look at the latest third-quarter earning results from super majors ExxonMobil, Royal Dutch Shell and Chevron. And last quarter was even worse for many companies -- including Valero Energy, the largest U.S. refiner -- as weak demand and high inventories squeezed margins. The future of the refining business is shaping up to be far from positive. Or if you're Chevron...  
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BHP Billiton PLC (NYSE: BBL) closed yesterday at $57.71. So far the stock has hit a 52-week low of $21.06 and 52-week high of $61.69. BHP Billiton stock has been showing support around 56.73 and resistance in the 59.49 range. Technical indicators for the stock are Bullish and S&P gives BBL a neutral 3 STAR (out of 5) hold rating. BBL appears on the Investors Observer Hedged Dividend Income list. For a hedged pl...  
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