Just in case you still think you’re living in a Democracy! Gisborne Council officials have already granted exploration consents to Canadian oil companies without seeking public approval – or consulting their own mayor. The Sunday Star-Times revealed two weeks ago that a joint-venture between TAG Oil and Apache believed there was potential to build “thousands” […]
Tag Archives: Big oil
LONDON (Reuters) – British oil major BP Plc (BP.L) may have marked the oil industry’s high point by reporting a record $10.0 billion third quarter replacement cost profit on Tuesday, as the recent collapse in crude prices ensures a tougher outlook. Europe’s second-largest non-government controlled oil company by market value said the forecast-beating earnings showed […]
The world has never looked better for the Big Five oil companies. This morning, Exxon Mobil, the world’s largest oil company, announced its “second-quarter profit rose 14 percent, to $11.68 billion, the highest-ever profit by an American company. Exxon broke its own record.” Joining Exxon Mobil as the only oil companies to “earn more than $10 billion […]
While Wall street crashes and thousands upon thousands of US citizens join the ranks of the homeless and the dispossessed it’s good to know there are still a few who are raking it in. Robin Pagnamenta BP, the British oil giant, unveiled a 23 per cent rise in profits this morning, boosted by record global […]
Just in case you still think we are in Iraq because we want to bring peace and democracy to them. BP and Shell fuelled the anger of UK motorists today after the two firms racked up combined profits of more than £7 billion in three months. The AA said drivers would be shocked to learn […]
SINGAPORE (AP) — Oil prices rose to an intraday trading record above $112 a barrel Tuesday after the U.S. dollar fell further and crude supplies to the U.S. and elsewhere were disrupted. The rising price of crude oil is largely attributed to a steadily depreciating U.S. currency. The main driver of crude’s rally was a […]
