Saudis pledge to boost oil output to meet demand
U S energy secretary says Saudi Arabia pledged to add up to 2 million barrels per day if needed, raising current output to 9.1 million and promising to meet requests up to a total capacity of 10.5 million. The pledge aims to reassure markets amid OPEC tensions and Iraq instability.
MENTIONED IN THIS ARTICLE
Amsterdam
Netherlands
Saudi Arabia
Washington
Organization of Petroleum Exporting Countries
United States
OPEC
Iraq
Gulf
Spencer Abraham
Abraham
Ali Naimi
U.S
Naimi
Shell downgrades reserves for fourth time this year
Royal Dutch/Shell reduced proven oil and gas reserves by 20 percent or 3.9 billion barrels citing accounting changes on royalties in Canada. Combined with earlier downgrades total 4.47 billion barrels. Market reaction mixed as shares rose in London and New York ahead of Friday annual report by Chairman Jeroen van der Veer.
MENTIONED IN THIS ARTICLE
James Brown
Shell Oil Company
Gulf of Mexico
New Orleans
Royal Dutch/Shell Group of
Cos
London
Royal Dutch/Shell Group
Shell
Canada
Royal Dutch Petroleum
New York Stock Exchange
Shell Transport & Trading Co
Jeroen van der Veer
Exxon to sell oil fields to Apache for 385 million
Apache Corp agreed to acquire Exxon Mobil interests in 28 mature Texas and New Mexico fields and undeveloped Alberta acreage for 385 million dollars. Exxon will farm out its stake in about 300 000 acres while Apache plans to drill over 250 wells in two years. A five year joint deep gas exploration deal covers Louisiana and the Gulf of Mexico.
MENTIONED IN THIS ARTICLE
Houston
Apache Corp
Exxon Mobil Corp
Texas
New Mexico
Exxon Mobil
West Texas
Apache
Alberta
Louisiana
Gulf of Mexico
Also Mentioned on This Page
Lly
Oy Odessa College
W. University
Odessa
Odessa.edu
42Nd Street
Grandview Avenue
Perm
J A Wademark
Roperties, Inc
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!