Hot News category

Hot news about energy include crude oil, gas and oil exploration also trading, market, data, chart, investment and prices of oil, natural gas, petroleum, energy from category hot news.

Shell take Share Otago Coast Join Venture Search Oil and Gas

Sunday, September 4th, 2011

Shell has joined the search for oil in the Great South Basin and will take a 50% share in two exploration permit areas off the Otago coast, as it has entered the new joint-venture. The OMV consortium stated that Shell had joined it as a major partner and has given one of its exploration consents [...]

Oil Traded Low in New York as US data Show Decline

Thursday, August 25th, 2011

Favoritearea.com – Oil traded near a two-day low in New York as investors looked beyond data showing a decline in U.S. crude stockpiles and bet that faltering economic growth will temper fuel demand. Futures fluctuated before a speech tomorrow by Federal Reserve Chairman Ben S. Bernanke, who may outline steps to stimulate the world’s largest [...]

Natural Gas Liquids Help Exxon Mobil Growth Revenue

Sunday, August 14th, 2011

Oil prices high have helped Exxon Mobil maintain its double-digit growth in upstream revenue last quarter. The company has aggressively added to its oil and natural gas liquids (NGLs) portfolio in recent months and recently made two major discoveries in the Gulf of Mexico region a couple of months ago. It also has on-going shale [...]