Cheniere Energy suffered a deeper quarterly loss than a year ago due to higher development and operational costs at its proposed LNG export facility at Sabine Pass in Louisiana.
Cheniere Energy suffered a deeper quarterly loss than a year ago due to higher development and operational costs at its proposed LNG export facility at Sabine Pass in Louisiana.
Brazil’s state-led oil company Petrobras invested 37.9 billion reais ($18.7 billion) in the first six months of 2012, 22% more than in the same period a year earlier, according to Brazilian planning ministry documents obtained by Reuters on Friday.
Floyd Wilson, the chief executive of Halcon Resources, said he plans to build up the company’s assets to the point that he can sell it to a larger player within three years.
Petrobras on Friday posted a steep second-quarter loss that widely missed market expectations, citing a raft of reasons from the sliding value of the real to higher costs of dry and noncommercial wells.
US forecasters are predicting that Tropical Storm Ernesto may be in the Gulf of Mexico by Wednesday, later than projected earlier, either in its present form or as a hurricane.
Oil prices rose sharply on Friday, with Brent crude futures hitting a 10-week high, after a US nonfarm payrolls report showed employers added more jobs than expected in July.