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Oil Company News
Oil steady on dollar, Georgia conflict
half with the capture of the main east-west highway near the central city of Gori. The BP PLC oil company said it shut down the 90,000-barrel-a-day oil pipeline running from Baku on the Caspian Sea to Supsa on Georgia's Black Sea coast earlier Tuesday,
Iraq asks oil majors to shorten service contracts (Reuters via Yahoo! Singapore News)
DUBAI/BAGHDAD, July 21 (Reuters) - Iraq has asked international oil firms to revise proposals for service contracts worth about $3 billion that aim to boost the country's oil output by about a quarter, oil company executives said.
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Oil steady at just below $115 a barrel
half with the capture of the main east-west highway near the central city of Gori. The BP PLC oil company said it shut down the 90,000-barrel-a-day oil pipeline running from Baku on the Caspian Sea to Supsa on Georgia's Black Sea coast earlier Tuesday,
Canadian oil company lays off workers - Idaho8.com
SHERIDAN, Wyo. (AP) - A Canadian-based oil company that specializes in underground oil drilling is laying off more than half its work force, most of them in Wyoming. Rock Well Petroleum spokeswoman Phoebe Buckland said the layoffs are the result of ...
U.K. Stocks Rebound, Led by Commodity Shares; BHP, BP Advance (Bloomberg.com)
July 21 (Bloomberg) -- U.K. stocks advanced, led by a rebound in commodity producers. BHP Billiton Ltd ., the world's largest mining company, and BP Plc , Europe's second-biggest oil company, rose.
OVL, Chinese firms face-to-face for Angolan oil assets
Read Chinese firm Sinopec or China Petroleum and Chemical Corp, which is rivalling OVL for taking over Russia-focused oil company Imperial Energy, has got China National Offshore Oil Corp to make a joint bid for Marathon's 20 per cent stake in offshore
Markets European share rally continues 21/07 19:36 CET (Euronews)
European shares continued last week?s rally on Monday and finished higher for the fourth session in a row, that is the longest stretch of gains since May. Oil company stocks reflected higher crude prices and mining firms also gained, driven by higher copper and gold prices.
Russia halts military action; but Georgia says bombing continuing
Russia, which is seeking to strengthen its role as the dominant energy supplier to the continent. The British oil company BP shut down one of three Georgian pipelines as a precaution. In central Georgia, Russian troops advanced into Georgia from the
BP Shuts Down Georgian Pipeline
Georgia's Black Sea coast from Baku in Azerbaijan will remain closed indefinitely. Another pipeline operated by the London-based oil company in the former Soviet Republic, the larger Baku-Tbilisi-Ceyhan pipeline, is already out of action after a fire
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