Oil and Gas Industry Latest News

15.11.2013 Berkshire Buys Stake in Exxon Mobil

Berkshire Hathaway Inc. (BRK/A) reported a stake in Exxon Mobil Corp. (XOM) valued at about $3.7 billion as Warren Buffett’s company disclosed its largest new holding since adding International Business Machines Corp. in 2011, Bloomberg reported on November 15.

18.10.2013 Gazprom to lend RUR 2bn to WGC-2

Russian power producer Wholesale Generating Company-2 (WGC-2) has signed an agreement to take out a 2 billion ruble 3-year loan from gas giant Gazprom at an annual interest rate of 8%, Prime reported on October 17, citing WGC-2.

16.09.2013 Bashneft Considering IPO

Bashneft is studying the possibility of an initial public offering, news agencies are reporting. The details of the placement are not being discussed.

26.08.2013 Sinopec Profit Up 24.1% In H1

Net profit at the China Petroleum and Chemical Corporation (Sinopec), China's largest oil refiner, rose 24.1 percent in the first half of 2013 from a year earlier, the company said on Sunday.

23.08.2013 Rosneft President and Management Board Members Increase Stakes in Charter Capital

Rosneft President and members of the Management Board have increased their interests in the Company’s charter capital as follows:

Igor Sechin, President, Chairman of the Management Board of Rosneft, increased his holding from 0% to 0.0075%

11.07.2013 Chevron Sees Lower Second-Quarter Oil, Gas Output

Chevron Corp. said that its second-quarter global oil and gas production and refining-business activity is on track to decrease from a year earlier, according to a report from Market Watch.

03.07.2013 Europeans Oil Benchmarks Go From Trusted to Tainted

The European Union’s top energy official ignored a warning delivered in 2009 about potential manipulation of Platts oil benchmarks “because markets trusted” them.

10.06.2013 Total Energy Services Inc. Increases 2013 Capital Expenditure Budget

Total Energy Services Inc. ("Total") (TSX:TOT) has increased its 2013 capital expenditure budget to $68.6 million, the company reported in a news release.