Posts Tagged ‘dra’

Alliance Oil grabs Russian block quintet

by on November 19, 2012 12:10 pm GMT
The integrated independent said the federal agency Rosnedra had signed off on the 2740-square kilometre quintet of Fakelniy, Beluginskiy, Nireiskiy, Nadezdenskiy and North-Tabrovoyahinskiy.All are situated close to existing operations, according to the company, which is estimating proven and probable reserves of around 325 million barrels of oil and around 14.6

BPZ dips to a loss; wins Corvina permit

by on November 9, 2012 10:33 pm GMT
The Houston-based explorer on Thursday posted a net loss of $17.1 million in the three months to September, compared with a $5.7 million profit in the year-ago quarter.The loss, the company said could be tracked to "mainly increased geological, geophysical and engineering expenses related to 3D seismic

UPDATE 2-Mexico central bank keeps rate steady but may hike soon

by on October 26, 2012 4:18 pm GMT
Fri Oct 26, 2012 12:18pm EDT * Central bank keeps benchmark rate at 4.5 percent, as expected * Says could raise rate soon if inflation shocks persist* Markets move to price in earlier rate hike* Sees higher risks to both growth and inflationBy Alexandra Alper and Krista HughesMEXICO CITY, Oct 26 (Reuters) - Mexico's central

Lawmakers ask for review of energy subsidies

by on October 10, 2012 10:28 pm GMT
Lawmakers want the GAO to try to determine what impact these subsidies, which relate to all forms of energy production and consumption, have on energy markets. “Despite the expansion and extension of federal support for energy technologies, there is not a thorough understanding of how such federal interventions and subsidies