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Business & Financial News

Turkmen See 2010 Foreign Energy Investment Up 46%
3/2/2010 - Turkmenistan, Central Asia's largest gas producer, said it expected foreign energy investment, which is almost all under production sharing agreements (PSAs), to rise by more than 46 percent this year...

KazMunaiGas Production 2009 Financial Results
3/1/2010 - JSC KazMunaiGas Exploration Production, released its consolidated financial statements for the year ended December 31, 2009. ...

Dominion Petroleum Prepares $50 m Share Placing
3/1/2010 - Dominion Petroleum is preparing a $50 million share placing to finance a drilling campaign in Uganda, the Financial Times reported. ...

TNK-BP Maintains Net Income at $5 bn
3/1/2010 - TNK-BP reported its results for the fourth quarter and twelve months ended 31 December 2009 (US$ millions unless otherwise stated). ...

KBR Announces Q4 and Full Year 2009 Results
2/25/2010 - KBR announced that fourth quarter 2009 net income attributable to KBR was $73 million, or $0.45 per diluted share, compared to net income attributable to KBR of $88 million, or $0.54 per diluted share...

CB&I Reports 2009 Q4 and Year-End Results
2/23/2010 - CB&I reported net income for full-year 2009 of $174.3 million, or $1.79 per diluted share. For the 12 months of 2009, CB&I's consolidated revenue was $4.6 billion. ...

Nigeria Says Total Invest $20 bn in Gas, Deepwater
2/23/2010 - Total and its partners will invest $20 billion in deepwater oil and gas exploration in Nigeria over the next four to five years, the country's acting president and the French firm said. ...

Uganda Needs $8 bn to Develop Oil Industry
2/18/2010 - Uganda will need $8 billion in investments in the next decade to develop its newly discovered oil and gas resources and bring them to the marketplace, a senior government official said. ...

Nexen Strong Q4 and Annual Financial Results
2/18/2010 - Nexen Announces Strong Fourth Quarter and Annual Financial Results Together With Excellent Reserve Adds. In 2009 we made significant progress on our three corporate strategies relating to the Athabasc...

 
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