BP's Libya gas-exploration deal boosts new chief

Article Abstract:

A natural-gas exploration agreement between BP PLC and Col. Muammar Qadhafi's Libyan government has been made, the end result of 18 months of negotiations by BP's chief executive officer Tony Hayward, which he began when he was the firm's head of production and exploration. The deal, totaling $900 mil, is expected to increase BP's reserve base.

Contracts & orders received, Production management, Contracts & orders let, Libya, United Kingdom, Contracts, Contract agreement, BP PLC, Oil and gas exploration, Petroleum exploration, Qadhafi, Muammar, Hayward, Tony

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Results at Exxon, Shell may augur growth slowdown

Article Abstract:

Profits for petroleum companies Exxon Mobil Corp. and Royal-Dutch Shell are lessening, indicating that the period of very high earnings may be slowing down. While both companies are still reporting high third-quarter incomes, factors such as flat oil prices and increased costs are negatively affecting the results.

Sales, profits & dividends, Forecasts, trends, outlooks, United States, Netherlands, Company sales and earnings, Company earnings/profit, XON, Exxon Mobil Corp., Company business forecast/projection, Company forecasts, Royal Dutch-Shell PLC

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As oil supplies are stretched, rebels, terrorists get new clout

Article Abstract:

Violence against oil industry facilities and employees in Nigeria by an obscure rebel group have roiled the international stock market, making prices of oil increase. Emails signed by "Jomo Gbomo" the head of the rebel group takes responsibility for the terrorist acts and threatens new attacks.

Public affairs, Nigeria, Economic aspects, Political activity, Political aspects, Terrorists, Gbomo, Jomo

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