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Wed, 08 Feb 2012 14:47:00 -0800

Oil & Natural Gas 3Q Net Profit Drops 5%, Misses Forecast
NEW DELHI - Oil & Natural Gas Corp. (ONGC) Wednesday posted a larger-than-expected drop in quarterly net profit, as the state-run explorer gave three times more discounts on crude oil to government-owned refiners which offset benefits from higher oil prices and a royalty reimbursement.

Wed, 08 Feb 2012 06:17:35 -0800

ONGC Q3 profit falls 5 pct, subsidy costs weigh
By Prashant Mehra MUMBAI (Reuters) - State-run Oil & Natural Gas Corp posted a 5 percent drop in quarterly net profit, falling short of market expectations, as a sharp rise in provisions for subsidy payments ...

Wed, 08 Feb 2012 08:24:26 -0800

Oil prices fall below $97
U.S. oil prices fell below $97 per barrel Monday as growing stockpiles offset concerns that President Barack Obama and other Western leaders will make it tougher for Iran to sell crude.

Tue, 07 Feb 2012 06:17:45 -0800

Unit Corp. reports total proved oil, natural gas reserves at December 31
Total proved oil and natural gas reserves at December 31, 2011 were 116.0 MMBoe, consisting of 20.3 million barrels of oil, 22.1 MMbls of natural gas liquids and 442.1 billion cubic feet of natural gas. ...

Tue, 07 Feb 2012 11:30:23 -0800

Oil, Gas Rig Counts Drift Apart
In its weekly release, Baker Hughes reported a dip in the number of rigs searching for oil and gas in the U.S., primarily attributed to a decrease in the tally of natural gas-directed rigs, partially offset ...

Mon, 06 Feb 2012 02:10:10 -0800

India Official: Government May Sell 5% Of ONGC Entirely Through Auction
India's federal government may auction a 5% stake in Oil & Natural Gas Corp. (500312.BY), a senior oil ministry official said Monday.

Tue, 07 Feb 2012 13:00:01 -0800

Oil & Gas Stock Outlook - Feb. 2012
Crude oil's near-term fundamentals remain mixed, to say the least. Shale gas is a quiet revolution that has been reshaping the energy business.

Thu, 09 Feb 2012 02:36:46 GMT

FuelFix

House Democrats cite lax oversight of oil, natural gas drilling on public land
Washington Post
WASHINGTON � Federal policing of oil and natural gas drilling on public lands is lax and inconsistent, with only 6 percent of violations resulting in monetary fines over 13 years, House Democrats said in a report Wednesday. Fines over that time ...
Erratic U.S. Oversight of Gas Fracking Cited by House DemocratsBloomberg
Erratic US Oversight of Gas Fracking Cited by House DemocratsBusinessWeek
Dems' report finds lax drilling oversightColorado Springs Gazette

all 220 news articles »

Wed, 08 Feb 2012 13:48:34 GMT

Business Today

Oil & Natural Gas 3Q Net Profit Drops 5%, Misses Forecast
Fox Business
NEW DELHI � Oil & Natural Gas Corp. (500312.BY) Wednesday posted a larger-than-expected drop in quarterly net profit, as the state-run explorer gave three times more discounts on crude oil to government-owned refiners which offset benefits from higher ...
India ONGC Q3 profit falls 5 pct, subsidy costs weighReuters
ONGC Profit Falls 5%Wall Street Journal
Hike in fuel subsidy hits ONGC net profit in Q3The Hindu
Livemint
all 63 news articles »

Wed, 08 Feb 2012 20:42:01 GMT

Globe and Mail

Statoil Profit More Than Doubles on Asset Sales, Oil Prices
BusinessWeek
8 (Bloomberg) -- Statoil ASA, Norway's largest oil and natural gas company, said fourth-quarter profit more than doubled on rising oil prices and asset sales. Net income rose to 25.5 billion kroner ($4.4 billion) from 9.5 billion kroner a year earlier, ...
Statoil to switch focus to 'liquid-rich shales'Financial Times

all 112 news articles »

Wed, 08 Feb 2012 13:02:54 GMT

The Star-Ledger - NJ.com

Energy independence within reach for U.S., With natural gas and oil output ...
Bend Bulletin
Domestic oil output is the highest in eight years. The US is producing so much natural gas that, where the government warned four years ago of a critical need to boost imports, it now may approve an export terminal. Methanex Corp., the world's biggest ...
3 Oil And Gas Players To Buy Now For Profits In 2012Seeking Alpha
Natural Gas and the NewsFAIR
Debunking The Myth That America Has 100 Years Of Natural Gas SupplyBusiness Insider

all 325 news articles »

Wed, 08 Feb 2012 22:39:07 GMT

Forbes

US oil and gas M&A jumps in 2011
BusinessWeek
America's oil and gas sector has been a red-hot area for growth in the energy industry thanks to new drilling techniques such as hydraulic fracturing that allow companies to tap vast amounts of oil and natural gas trapped in underground layers of shale ...
2011 US Oil & Gas Deals Highlighted By Shale Plays, Foreign Investment, and ...MarketWatch (press release)

all 92 news articles »

Wed, 08 Feb 2012 22:11:36 GMT

Plains All American net profit surges
MarketWatch
By Ben Fox Plains, which transports, stores and sells oil and natural gas, receives fees for many of its services, so it is less affected by the volatility of oil and gas prices. The partnership holds a 48% stake in PAA, the company's gas-storage ...
Plains All American To Build New Mississippian Lime PipelineWall Street Journal
Plains All American Announces New Mississippian Lime PipelineBradenton Herald
Plains All American to build Mississippi Lime oil lineOil & Gas Journal

all 38 news articles »

Wed, 08 Feb 2012 21:03:40 GMT

Panhandle Oil and Gas Inc. Reports Fiscal 2012 First Quarter Results
PR Newswire (press release)
8, 2012 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE-PHX) today reported financial and operating results for the 2012 fiscal first quarter ending Dec. 31, 2011. For the 2012 first quarter, the Company recorded net income of $3412110, ...

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