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Is Petroceltic International PLC The Perfect Partner For BP plc?

Monday, 03 August 2015 09:45 Written by
Tweet Shares in oil and gas exploration company, Petroceltic(LSE: PCI), have slumped by over 10% today after it announced the suspension of a planned bond issue, with the company stating that, as a result of volatile conditions, it has been unable to secure financing on the terms it is seeking. In consequence, marketing of the $175m bond issue will be postponed until Petroceltic has completed the transfer of its interest in the
Petroleo Brasileiro Petrobras SA (ADR) (PBR) - How Ambitious Production Targets Face Challenges?
Monday, 03 August 2015 08:07 Written by
By: Micheal Kaufman Published: Aug 3, 2015 at 9:05 am EST The plan of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) to produce 5.40 million barrels oil per day (bpd) by
Deepwater charge and falling oil prices push BP into $6.3b loss
Monday, 03 August 2015 03:34 Written by
ROME: BP is to push back billions of dollars of spending on new projects and step up job cuts after a $9.8bn charge from the Deepwater Horizon disaster swung the company to a second quarter loss. The UK-based energy giant said that capital spending this year would fall to less than the $20bn predicted six months ago — a drop of more than 13 per cent compared to 2014 — as BP sought to safeguard…
NICHOLS: Recognizing the Alamo’s significance
Monday, 03 August 2015 00:39 Written by
Robert Nichols Posted: Monday, August 3, 2015 12:30 am NICHOLS: Recognizing the Alamo’s significanceBy ROBERT NICHOLS/Contributing writerThe Lufkin News Every day I am proud to be a Texan, but this month I am particularly proud to celebrate our unique state heritage as the Alamo, along with four other Texas missions, has been officially designated as
Editorial: Drilling for oil in the Everglades a bad deal
Monday, 03 August 2015 00:07 Written by
Just because there might be untapped oil reserves in the Everglades doesn’t mean the state should continue to allow private companies to set up drilling operations in such a fragile ecosystem. Yet the possibility exists that the Florida Department of Environmental Protection will issue a permit to a company wanting to look for oil in the southwestern part of Broward County. The DEP should refuse to issue the permit. If the Everglades aren’t
BP's Spending Gap Is Brought Under Control
Sunday, 02 August 2015 23:40 Written by
SummaryBP's outspend was brought under control in Q2 as its operating cash flow jumped upwards. Cost savings have helped save BP $1.7 billion so far this year, providing the company the financial flexibility it needs to cope in the current pricing environment. Its refining margins were strong this quarter, more than doubling its downstream operations bottom line. Underlying upstream output declined slightly year-over-year due to planned maintenance activity. Rising oil prices carried
Layoffs Surge As Oil Price Outlook Remains Sober
Sunday, 02 August 2015 18:05 Written by
Lately the leaders of some of the world’s biggest energy companies have been saying oil prices will remain depressed for some time – perhaps for the next five years – and now they’ve decided to cut their costs in the most painful way possible: massive job cuts. Royal Dutch Shell announced July 30 that it expects to eliminate 6,500 positions. The announcement came the same day it
Austin Stark Pursued Peter Fonda For Bp Oil Spill Drama Over Bruce Dern
Sunday, 02 August 2015 17:08 Written by
The political drama, set in the aftermath of the Gulf of Mexico incident, serves as Stark's feature film directorial debut and he reveals he was widely advised to cast Bruce Dern in the role of Rayne Price, following his Oscar nomination for Nebraska - but it was Fonda he really wanted for the job. Stark tells WENN, "I was very adamant that Peter Fonda be in the movie from the very beginning. Bruce
A fond reflection of Jon Stewart’s time on the Daily Show
Sunday, 02 August 2015 09:20 Written by
For those public figures who have been hauled over the scorching satirical coals of The Daily Show, Jon Stewart can’t vacate the Comedy Central premises soon enough. But for the rest of us, after his final show – which airs on Friday, August 7, on OSN First Comedy HD, the night after its United States broadcast – our weeknights just won’t be the same. What will we do without our fearless lefty crusader, whose wit
It's Time for Shell to Abandon Its Irresponsible Arctic Drilling Plans
Saturday, 01 August 2015 23:42 Written by
At this moment, the damaged Fennica icebreaker is entering the water in my home of Portland, OR, in what could be a make-or-break moment for our environment and our future climate. Here's the background: In 2008, President George W. Bush not only lifted the executive ban on Outer Continental Shelf drilling, but also leased parts of the Arctic's Chukchi Sea to Shell for oil and gas exploration. When Shell first attempted exploratory drilling
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