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Wednesday, 10 March 2010, 16:57 GMT
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Wednesday, 10 March 2010, 16:57 GMT
SNC-Lavalin Awarded Venezuelan Oil Block Engineering Contract
CARACAS -(Dow Jones)- Montreal-based SNC-Lavalin Group (SNCAF, SNC.T) said Wednesday it's been awarded an engineering contract for a heavy oil block in Venezuela being developed by Venezuela state firm PDVSA and Vietnam's state-run PetroVietnam.

Wednesday, 10 March 2010, 16:57 GMT
INTERVIEW: Natural Gas King In Carbon-Constrained World -Exxon
Of DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- Natural gas is relatively cheap, abundant and clean-burning--making it a logical source of supply for power providers and a profitable business for energy companies, an Exxon Mobil Corp. (XOM) executive said

Wednesday, 10 March 2010, 16:56 GMT
UPDATE 3-Tullow nears Uganda deal with CNOOC, TOTAL
LONDON, March 10 (Reuters) - London-based explorer Tullow Oil Plc said it had agreed a framework deal with China's CNOOC and French oil major Total that would see the companies become equal partners in three Ugandan oil blocks. Tullow added that it had

Wednesday, 10 March 2010, 16:55 GMT
Crude oil stockpiles climb by 1.4 million barrels
Crude inventories rose less than expected last week, while gasoline supplies dropped, the government said Wednesday.

Wednesday, 10 March 2010, 16:55 GMT
SNC-Lavalin to engineer crude oil facilities at Venezuela's state-owned oil firm
MONTREAL - SNC-Lavalin has nabbed a new contract to provide conceptual engineering for crude oil facilities at Venezuela's state-owned oil company, Petroleos de Venezuela S.A. The Montreal-based engineering firm said the agreement was made with a

Wednesday, 10 March 2010, 16:55 GMT
UPDATE 3-Tullow nears Uganda deal with CNOOC, TOTAL
* Upgrades reserve estimates for Ghana Tweneboa discovery * Plans to sell bigger stake in Uganda fields * Total, CNOOC both to join Uganda venture * 2009 net profit 19 mln pounds, down 92 pct (Adds detail, analyst comment, Uganda official, updates

Wednesday, 10 March 2010, 16:55 GMT
Energy stocks lead TSX higher, inventory data sends crude prices higher
TORONTO - The Toronto stock market pushed higher Wednesday morning, helped along by a sharp rise in oil prices following the release of the latest crude inventory levels in the U.S The S&P/TSX composite index advanced 63 points to 11,981.7. The TSX has

Wednesday, 10 March 2010, 16:55 GMT
Crude oil stockpiles climb by 1.4 million barrels
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Wednesday, 10 March 2010, 16:54 GMT
Longwei Petroleum Investment Holding to Present at the March 2010 RedChip New York Equities Growth Conference
Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH; "Longwei" or the "Company"), a company who transports, markets and sells finished petroleum products in the People's Republic of China, today announced that Chief Financial Officer

Wednesday, 10 March 2010, 16:54 GMT
OPEC boosts 2010 oil demand forecast by 100,000 b/d, ties growth to global recovery
CAIRO, Egypt - World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in

Wednesday, 10 March 2010, 16:54 GMT
Why oil is not a leading super-cycle indicator
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Wednesday, 10 March 2010, 16:53 GMT
Uganda Defers Cnooc,Total Oil Plans Decision To April-Official
KAMPALA, Uganda -(Dow Jones)- The Ugandan government has deferred until the end of April a decision on the proposals from China's Cnooc Ltd. (CEO) and French oil major Total SA (TOT) to participate in the development of three Ugandan oil blocks, the

Wednesday, 10 March 2010, 16:52 GMT
Energy stocks lead TSX higher, inventory data sends crude prices higher
TORONTO - The Toronto stock market pushed higher Wednesday morning, helped along by a sharp rise in oil prices following the release of the latest

Wednesday, 10 March 2010, 16:50 GMT
Shell stops selling gasoline to Iran
Royal Dutch Shell Plc said Wednesday it has stopped selling gasoline to Iran, the latest company to cease business with a country that is increasingly targeted by U.S.-encouraged sanctions. "We do not currently sell any gasoline to Iran," said Rayiner

Wednesday, 10 March 2010, 16:49 GMT
Oil price fall hits Tullow profit
europe Business, oil price fall Business oil price fall » europe Exploration and production firm Tullow oil says profits for 2009 were down 93% but it has made oil discoveries and upgraded prospects in Ghana and Uganda.Pre-tax profits for the year

Wednesday, 10 March 2010, 16:47 GMT
Energy stocks lead TSX higher, inventory data sends crude prices higher
TORONTO - The Toronto stock market pushed higher Wednesday morning, helped along by a sharp rise in oil prices following the release of the latest crude inventory levels in the U.S The S&P/TSX composite index advanced 63 points to 11,981.7. The TSX has

Wednesday, 10 March 2010, 16:47 GMT
Pacific Asia Petroleum raises $17.5M in direct offering
Pacific Asia Petroleum Inc. has completed its registered direct offering, raising an aggregate amount of $17.5 million, before deducting placement agent fees and offering expenses. In the offering, an aggregate of 4,146,922 shares of the company's common

Wednesday, 10 March 2010, 16:46 GMT
SOCAR, RWE agree on Nakhichevan
RWE group and the State Oil Company of the Republic of Azerbaijan (SOCAR) are signing a memorandum of understanding to explore and develop the Nakhichevan structure in the Azerbaijan sector of the Caspian Sea. Both parties anticipate that the

Wednesday, 10 March 2010, 16:46 GMT
Mulva: Gas as a gift
Natural gas could potential meet a number of the world's energy challenges by 2050, ConocoPhillips CEO James Mulva told a gathering in Houston on 9 March 2010. Speaking during Oil Day at CERAWeek, he said, 'If oil is "The Prize," then natural gas is "The

Wednesday, 10 March 2010, 16:46 GMT
Eni: South Stream, Nabucco gas projects could combine
Two competing gas transportation projects in southern Europe could be combined to increase the future security of European gas supply, Eni chief executive Paolo Scaroni said on 9 March 2010. Combining at least a portion of rival projects South Stream and

Wednesday, 10 March 2010, 16:46 GMT
Tullow Oil's 2009 profits down, looks forward to Uganda, Ghana successes
Tullow Oil the independent oil and gas exploration and production group, announces its results for the year ended December 31, 2009. The reported financial results for 2009 are in line with market expectations and down compared with 2008. The successful

Wednesday, 10 March 2010, 16:46 GMT
Natural gas production imminent at Ascent's Peneszlek well in Hungary
Ascent Resources, through its subsidiary PetroHungaria kft, has successfully tested and completed the PEN-101 well, in the Penészlek area of the Nyírség exploration permits in eastern Hungary. Once the rig has departed the site, the PEN-105 well will

Wednesday, 10 March 2010, 16:45 GMT
Libya Kicks off 3rd Edition of Oil and Gas Fair
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Wednesday, 10 March 2010, 16:45 GMT
Golden Pass terminal to receive LNG
Port Arthur: Golden Pass LNG is scheduled to receive its first shipment this year related stories ExxonMobil's Golden Pass liquefied natural gas receiving terminal in Port Arthur, Texas, will welcome its first shipment of LNG in September, according to

Wednesday, 10 March 2010, 16:44 GMT
Caltex on line as Chevron sheds jobs
CHEVRON has played down speculation that it is looking to offload its 50 per cent stake in Caltex Australia as it cuts more than 20 per cent of its oil refining and marketing workforce. The second-largest US oil company told an investor conference its

Wednesday, 10 March 2010, 16:44 GMT
Oglethorpe Power To Build Gas-Fired Generating Plant
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Wednesday, 10 March 2010, 16:43 GMT
Asia-Pacific Oil and Gas Pros Lead Industry in Workplace Adoption of Social Media, Reports Microsoft-Accenture Poll
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Wednesday, 10 March 2010, 16:43 GMT
Gulf Oil Returns to the Bluegrass State
Gulf Oil today announced an enthusiastic return to the Bluegrass State with the initial signing of a branded distributor agreement with Southern Petroleum of Somerset, Kentucky. Southern will soon begin rebranding nine retail motor fuel outlets (five

Wednesday, 10 March 2010, 16:42 GMT
Royal Dutch Shell Stops Selling Gasoline To Iran
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Wednesday, 10 March 2010, 16:42 GMT
UPDATE 1-U.S. crude oil stocks up; fuels off - EIA
pvs wk yr-ago pvs wk yr-ago Crude 343.6 6.5 -1.7 343.0 1.4 -13.3 Distillate 151.8 -2.8 7.9 149.6 -2.2 3.8 Gasoline 229.7 -3.2 13.3 229.0 -2.9 13.2 Heating oil 41.6 -1.0 3.4 41.8 -0.5 5.3 RFG gasoline 1.1 0.2 -0.4 0.8 0.2 0.0 Kerosene 42.8 -0.4 1.7 43.1

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