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MEXICO CITY, July 29 (Reuters) - Mexican police have arrested an official at state oil monopoly Pemex on suspicion of trying to sell an exploration contract for around $19,000, the attorney general's office said on Thursday.
Drilling results in the Kaliakra, Kavarna and Kavarna East fields in the Black Sea, offshore Bulgaria, showed they have a combined reserves estimate of 3 billion cubic metres, David Archer, Melrose's operations director told a news conference. 'It has
To date, there have been more than ten identified prospects including three significant evaluation wells in each block which are as follows; Palokastra well Block Four, Kanina well in Block Five, and a Dumrea well that helps to define the potential of
Western Railway has asked major refineries to take care of leakages while loading and unloading petroleum products to avoid any accident. The fire at the burrow pit of the Indian Oil Corporation Limited (IOCL) on June 22 had exposed several loopholes in
LONDON, July 30 — Exxon Mobil’s quarterly profit jumped 85 per cent on surging oil prices and a big rise in refining margins, while Royal Dutch Shell Plc’s profits rose 34 per cent. The two biggest nongovernment-controlled oil companies in the
Encouraging news about Europe's economy helped the euro to gain ground against the dollar and lift September oil futures above $78 Thursday. The German Federal Employment Agency reported that the unemployment rate for the civilian work force in Europe's
LAGOS, July 29 (Reuters) - Nigeria's parliament will pass wide-ranging legislation to reform its energy industry within weeks, redefining the OPEC member's relationship with its foreign oil partners, the oil minister said on Thursday. Deziani
July 29: A new oil spill is sullying US waters in the northern state of Michigan after a pipeline leak sent more than a million gallons of crude into a river tributary, officials said on Wednesday. The US Environmental Protection Agency said the spill
By Alan Fein (AXcess News) New York - Thursday morning the price of west texas crude oil rose more than 1.3% to top $78 per barrel despite a spike in U.S. stocks as reported Wednesday morning by the EIA. Government data showed that crude oil stocks in
By Armando Duke (AXcess News) Houston - Oil giant ExxonMobil (NYSE: XOM) nearly doubled reported second quarter earnings to $7.56 billion, its second-highest earnings period since the fourth quarter of 2008. The world's largest publicly traded company
