Article 246
Technology, high prices fuel oil rush in Arctic

As the global hunt for oil gets tougher, the icy expanse of the Arctic - one of the last frontiers left for exploration - is looking more attractive to some producers. ...

Oil majors expect higher Q3 earnings

For the third quarter, a group of 19 major integrated oil and refining companies based in the Americas should earn a total of $41.1 billion, down from last quarter but up 32 percent from the July-to-September period in 2010, analysts with Barclays Capital predict. ...

Anadarko Petroleum scores again in Mozambique

Anadarko Petroleum Corp. said it has "substantially increased" its estimate for the amount of natural gas offshore fields in Mozambique may hold in the wake of additional exploration success there by a partnership it leads. ...

Marathon Oil may sell stake in deepwater Gulf assets

The Houston oil company, which recently spun off its refining arm, is evaluating the possible sale of a minority stake in its deepwater Gulf of Mexico assets as it focuses on increasing shareholder returns and strengthening its portfolio ...

Goldman Sachs: U.S. crude prices at $109 in 2012

The prediction represents a drop from the investment bank's previous prediction of $123.50 a barrel for West Texas Intermediate, and reflects the increasingly anxious outlook for the global economic recovery. The bank also trimmed its 2012 Brent price estimate to $120 a barrel from $130. ...

Halliburton to recruit ex-NASA workers

The oil field services giant said it is searching for several types of engineers, software testing and developers, scientists, auditors and other functions, noting that many aerospace professionals share the same skills, training and safety knowledge as those in the oil field. ...

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