Exxon profit up, tops Street on taxes and output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the U.S. government expects another 1.5 percent gain this year as businesses’ and consumers’ appetite for fuels like diesel... 

Reportlinker Adds Global LNG Market Trends, Outlook and Business Prospects to 2015

Reportlinker.com announces that a new market research report is available in its catalogue: Global LNG Market Trends, Outlook and Business Prospects to 2015 http://www.reportlinker.com/p0366585/Global-LNG-Market-Trends-Outlook-and-Business-Prospects-to-2015.html Report Description Global LNG industry is in a state of flux. The industry is poised to... 

Emerson, Qatargas Sign Comprehensive 5-Year Support And Service Agreement For Expanding LNG Production

Emerson Process Management, a business of Emerson, has entered into a long-term support and service agreement with Qatargas Operating Company Ltd. for its expanding liquefied natural gas (LNG) operations. Under the five-year agreement, Emerson will provide asset management services, advanced skills training, and a comprehensive parts management program.... 

AECOM wins $149-million port project in Doha, Qatar

AECOM Technology Corporation, a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has been awarded a six-year, $149.3 million contract to provide program management services to the New Doha Port project in Qatar. Undertaken by the Government of Qatar,... 

Platts Survey: October OPEC Oil Output Dropped to 32.26 Mil. Barrels Per Day

The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.26 million barrels per day (b/d) of crude oil in October, according to a Platts survey of OPEC and oil industry officials just released. This is a 210,000 b/d decline from the September level of 32.47 million b/d. Excluding Iraq, production from the 12... 

Overseas Shipholding Group Announces New $500 Million Credit Facility for FSO Project

Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, together with Euronav NV (EURONEXT BRUSSELS: EURN) announced today a $500 million senior secured term loan to finance the acquisition of TI Asia and TI Africa by joint venture companies owned equally by Euronav and OSG and the conversion of... 

Quantum’s Affiliate, Fisker Automotive, Raises $65 Million Privately

Quantum Fuel Systems Technologies Worldwide, Inc., a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles, today announced that its affiliate, Fisker Automotive, Inc., a “green” American premium sports car company, has completed its Series C financing round. The...