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Iraq sets rules for foreign oil bids

... the talks.Executives of Royal Dutch Shell P.L.C., BP P.L.C., Exxon Mobil Corp., Chevron Corp. and Total S.A. were among those attending, all eager for a shot at helping extract some of the 115 billion barrels of oil thought to lie beneath Iraq's surface.Winning bidders are to be announced in June."International interest will be extremely high," said Muhammad-Ali Zainy, senior analyst...

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Iraq lays out rules for 1st round of oil bids

... talks.At the top of the list: Royal Dutch Shell PLC, BP PLC, ExxonMobil Corp., Chevron Corp. and Total SA, all eager for a shot at helping extract some of the 115 billion barrels of oil thought to lie beneath Iraq's surface.The process is highly sensitive. Multinationals are eager to establish themselves in a country thought to have the world's second-largest proven oil reserves, but they...

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Iraq lays out rules for 1st round of oil bids

... the top of the list: Royal Dutch Shell PLC, BP PLC, ExxonMobil Corp., Chevron Corp. and Total SA, all eager for a shot at helping extract some of the 115 billion barrels of oil thought to lie beneath Iraq's surface.

The process is highly sensitive. Multinationals are eager to establish themselves in a country thought to have the world's second-largest proven oil reserves, but they...

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Iraq lays out rules for 1st round of oil bids

Last updated October 13, 2008 7:20 a.m. PTIraq lays out rules for 1st round of oil bidsBy RAPHAEL G. SATTERASSOCIATED PRESS WRITERLONDON -- Iraq's oil minister met 34 oil company representatives in London on Monday to set out the ground rules for foreign multinationals' first bite at the country's enormous energy reserves since the U.S.-led invasion in 2003.Hussain al-Shahristani spoke to executives...

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Falling Prices, Credit Woes Threaten Small Oil Firms: world economy’s outlook darkens: Shell shares down by 25% since July

Since peaking at $145 a barrel in July, U.S. benchmark crude has fallen 39% to $87.81 Monday. European integrated oil majors, such as Royal Dutch Shell PLC and Total SA, have seen their share prices fall an average of 25% over that time.

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Market Slide Puts a Spotlight on Big Oil’s Cash Hoard

The stock prices of Chevron Corp., BP PLC, Royal Dutch ShellPLC, Total SA and ConocoPhillips, the largest western oil companies, all hit new 52-week lows during the day on Monday.

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Energy shares rebound with broad market

NEW YORK (MarketWatch) -- Energy shares rebounded with the broad market on Tuesday. The Amex Oil Index rose 1.7% to 1,039. The Amex Natural Gas Index rose 1.8% to 437. Total SA rose 5.7% to $56.20 as a leading gainer among oil producers. Exxon Mobil rose 71 cents to $78.03. Devon Energy and Chesapeake both rose about 3%. Crude prices jumped $3.48 to $91.29. Market Pulse Stories are Rapid-fire,...

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Global Financial Crisis Threatens Oil Sands Projects

... by major companies including Statoil ASA, Royal Dutch Shell, Canadian Natural Resources Ltd., and Total SA. But some plans may be revised. One company, privately-held BA Energy Inc., has already pushed back its proposed $5-billion upgrader, arguing it’s too expensive to raise money now and that market fundamentals don’t support the project at this point. Others could follow suit, meaning...

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Energy Stocks: Sector rebounds with broad market

The Amex Oil Index (:XOI, , , Last: Delayed quote dataSponsored by:, , ) rose 3.4% to 1,058, led by U.S.-listed shares of Total SA (:TOT, , , Last: Delayed quote dataSponsored by:, , ) , up 5.7% to $56.21. Sector leader Exxon Mobil (:XOM, , , Last: Delayed quote dataSponsored by:, , ) saw its shares gain 2.3% to stand at $79.09. The Amex Natural Gas Index (:XNG, , , Last: Delayed quote dataSponsored...

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Market Slide Puts Focus on Big Oil

Exxon Mobil Corp., the largest U.S. company and largest Western oil company by market capitalization, has lost 17% of its share price since January, its worst showing since 1981. Its smaller peers are doing worse. The stock prices of Chevron Corp., BP PLC, Royal Dutch Shell PLC, Total SA and ConocoPhillips, the largest western oil companies, all hit new 52-week lows during the day on Monday....