Tag Archives: investing in oil

Lukoil Spends Billions to Invest in Oil Firm Samara

Russia’s Lukoil invests in Hess’ auctioned oil firm but may pass up investing in Russian Arctic following Shell’s recent drilling misses.

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Ithaca Woos Valiant with Oil Investment Deal

Valiant Petroleum confirms Ithaca’s plans to invest in its North Sea oil assets. Ithaca says the buy-out is part of its growth plans in the region.

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What Drives China to Invest in Oil Beyond its Borders

China is fast acquiring new oil assets outside the country, coughing out $35 billion to sustain diminishing domestic oil production.

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Getting Ready for US Energy Independence

The LT goal of US energy independence isn’t only about oil supply. Exporting oil, maintaining diversity in investments may be as crucial, experts say.

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Total Withdraws Investment from Nigerian oil exploration venture

Oil firm Total plans to sell its 20% holdings in Nigeria’s National Petroleum Corp. Total officials say the sale is part of their MT plans to raise funds.

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Past oil investments and poor output drag Exxon earnings

Exxon’s dwindling oil production, investment in XTO cause earnings to drop. Oil firm buys oil rich shale assets to mitigate drilling risks.

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