News / International
Chevron reports $7.9B third quarter income
Chevron Corporation reported net income of $7.9 billion ($3.85 per share - diluted) for the third quarter 2008, compared with $3.7 billion ($1.75 per share - diluted) a year earlier. For the first nine months of 2008, net income was $19.0 billion ($9.23 per share - diluted), up from $13.8 billion ($6.45 per share - diluted) for the same period in 2007. Dolphin turns on gas supply for Oman
Dolphin Energy Limited has begun supplying gas to Oman, completing the strategic Qatar-UAE-Oman natural gas grid first proposed in 1999, the company said in a statement. Libya’s Kadhafi touts energy ties in talks with Russian leader
Libyan leader Moamer Kadhafi focused on oil and gas ties in a meeting with Russian President Dmitry Medvedev Saturday, starting talks which are also expected to touch on arms purchases and nuclear energy. OPEC officials ready to act again to boost Oil
OPEC ministers will take further steps to prop up the oil market and could call another meeting before the group's next scheduled talks in December. KBR wins Adgas project
KBR announced it has been awarded a contract by Abu Dhabi Gas Liquefaction Company Ltd. (ADGAS) to provide program management consultancy (PMC) for the Flare Handling & Emission Reduction (FHER) Project on Das Island, Abu Dhabi. Russia and China set to sign huge energy loan deal
Russia and China are set to sign a much-delayed, long-term oil supply deal and Beijing is in talks to lend Russian companies $20 billion (Dh73.5 billion) to $25 billion in export-backed loans, industry sources said. BP boosts profits to $8.9B in third quarter
BP is making good progress in its drive to improve performance, chief executive Tony Hayward said today as the company announced underlying profits for the third quarter of 2008 of $8.9 billion, excluding non-operating items and fair value accounting effects. BG set to snap up QGC in $3.1bn deal
BG Group is set to buy Australian coalbed methane leader Queensland Gas Company (QGC) in a friendly offer worth A$5 billion (US$3.1 billion), according to reports. 
