Carl Mortished

Western refineries spurning sulphurous Saudi oil

Saudi Arabia is struggling to sell its crude oil despite record fuel prices and calls on the Kingdom to bring further supplies to the market.

September 16, 2005

Exxon rises above GE to the market’s highest peak

EXXONMOBIL has seized the mantle of the world’s largest public company, in terms of stock market value, from General Electric.

February 22, 2005

BP reserves decline, profits soar

Under the stricter SEC rules, BP replaced only 89 per cent of the barrels it produced. Excluding joint ventures, notably its Russian acquisition TNK-BP, BP’s replacement ratio falls to 78 per cent.

February 10, 2005

BP opens the coffers as profits soar

BP OPENED its coffers to investors yesterday, promising a step change in the level of the dividend payout. But even as it revealed record profits of $16.2 billion (£8.7 billion), the oil company admitted that it had failed to replace fully the four million barrels of oil and gas that it pumped out of the ground each day last year.

February 8, 2005

National backlash threatens British stakes in Bolivian gas

INVESTMENTS by leading British energy companies in Bolivia’s huge gas reserves are under threat from a popular movement clamouring for nationalisation of the country’s hydrocarbon resources.

October 24, 2004

Saudi Arabia bitter over global taste for sweet and not sour oil

SAUDI ARABIA’s oil minister said his country was ready to pump more oil but it could not find buyers as the Kingdom’s high-sulphur crude was being rejected by Western refineries.

October 10, 2004

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