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(MarketNewsVideo.com via COMTEX) -- By MarketNewsVideo.com Companies: BP p.l.c (BP), Devon Energy Corp. (DVN), Petroleo Brasileiro SA Petrobras (PBR) BP (BP) said it is acquiring a bundle of assets from Devon Energy (DVN), which will marks its entry into
QUITO -(Dow Jones)- OPEC President Germanico Pinto said Thursday he saw reasonable stability in the oil market. 'At the next cartel meeting, no policy changes will be necessary,' said Pinto at a press conference. Pinto, who is also the Ecuadorian
RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4. BR) said Thursday that it had discovered oil at a well in Colombia. The discovery was made in the Balay inland block. Petrobras holds a 45% operating stake in
FILE - In this Feb. 24, 2009 file photo, imported cars are seen stored in a lot after being offloaded from a ship at Port Hueneme, Calif. The U.S. trade deficit unexpectedly shrank in January, 2010, reflecting a big drop in imports of oil and foreign
LONDON — Oil company BP PLC said today it will pay $7 billion to acquire exploration rights from US-based Devon Energy Corp. that will strengthen BP's dominant position in the Gulf of Mexico and give it access to a promising region off Brazil. BP will
* OPEC president Ecuador says no need to alter oil output * Ecuador oil min says oil prices are "relatively stable" (Adds quotations, details) QUITO, March 11 (Reuters) - Ecuador Oil Minister and OPEC President Germano Pinto said Thursday that OPEC has
Exxon Mobil Corp., which pumps more oil than every member of OPEC except Saudi Arabia, Iran and Iraq, is counting on natural gas to provide the bulk of its future growth. Exxon, the world's second-largest company, plans to start 12 new gas and crude
A stronger commitment to gas as a source of energy is the fastest, easiest way to reduce global greenhouse gas emissions. This was the clear message delivered by chief executive Helge Lund at the CERAWeek conference in Houston in the US on 10 March. In
The natural gas shale boom in North America has more than doubled discovered gas resources and can supply more than a century of consumption at current rates, an IHS CERA study released Wednesday claims. As recently as 2007, it was widely thought that
BP on Thursday confirmed it would enter the deep waters off the coast of Brazil, one of the world's most promising areas for oil exploration, with a $7bn (£4.7bn) deal to buy international oil and gas assets from Devon Energy.
