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Oil & Gas Majors |
Reuters
1 hr ago
Comment
Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters On Wednesday.
Reuters
May 20
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Large energy companies look set to slip through the maze of new rules for derivatives trading, a group of U.S. senators said, urging regulators to tighten oversight to cover all the market.
The Hindu Business Line
May 19
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Public sector explorer ONGC has added 84.84 million tonnes to its reserves in a single year — 2012-13. This is the highest reserve accretion that the oil major has achieved in two decades.
The Hindu Business Line
May 17
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Public sector oil major ONGC is planning to join hands with IndianOil for acquiring West Bengal Government’s 40 per cent stake in the ailing Haldia Petrochemicals Ltd, according to sources. IOC ho...
Reuters
May 17
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Spanish energy regulator CNE on Friday accused three oil companies of colluding to hike fuel prices at the pump to protect their profits during a period of steep falls in demand in the midst of a deep recession.
Benzinga
May 16
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Below are the top small-cap major integrated oil & gas stocks on NYSE and the NASDAQ in terms of revenue.
The trailing-twelve-month revenue at Adams Resources & Energy (NYSE: AE) is $3.38 billion. Adams Resources & Energy had $47.24 million in...
Financial Times
May 15
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Ed Davey, UK energy secretary, warns if any oil groups are caught fixing prices, they will face the ‘full force of the law’ and ‘heavy fines’
Financial Times
May 15
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A handful of energy companies, the largest commodity traders and investment banks that are active in commodity trading dominate crude and oil markets
The Straits Times
May 15
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May 15, 2013 10:42 AM
BRUSSELS (AFP) - The European Commission has carried out surprise inspections at several major oil companies over possible price fixing in breach of EU anti-trust rules.
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more ▼WIKI ANALYSIS
WIKI ANALYSISTOP CONTRIBUTORS
The oil majors are vertically integrated oil and gas companies involved in all stages of the oil industry - exploration, production, refining, trading, marketing, and, sometimes, transportation.
The supermajors are the six largest non-state owned oil companies, formed during the consolidation of the oil industry during the mid-1990s:
In the middle of the 20th century, the world's most powerful oil companies were known as the "Seven Sisters". On March 11th, 2007, the Financial Times named a "New Seven Sisters" (most of which are state-owned):
- Saudi Aramco - Saudi Arabia
- Gazprom - Russia
- China National Petroleum Company - China
- National Iranian Oil Company - Iran
- Petroleos De Venezuela SA - Venezuela
- Petrobras - Brazil
- Petronas - Malaysia
Companies in the Oil & Gas Majors Industry (12)
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