Posts Tagged ‘Production’

Iraq opens giant Halfaya oil field for production

Iraq on Wednesday began operations on the Halfaya oil field, a facility built by China’s National Petroleum Corporation, in the southern Maysan province, said Deputy Prime Minister Hussein Al-Shahristani after the inauguration ceremony. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Israel’s Domestic Communications Satellite Industry Saved

The decision to award the construction of Israel’s newest communications satellite to a state-owned company has probably saved the life of the production line and was likely done to preserve independence for defense communications. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Crude oil prices fall to $96.32 in continuing slide

Linda Young – AHN News Writer London, United Kingdom (AHN) – Oil prices continued to fall on Wednesday, dropping an additional 0.7 percent as concerns about the U.S., European and global economies mounted. Another factor in pushing crude oil prices down was news that Saudi Arabia might boost its production. Oil prices have fallen more […]

Exxon earnings fall by same percentage that Shell profits rise

US oil giant Exxon saw its oil production and profits fall during the first quarter of the year while Royal Dutch Shell reported an increase in profits because strong demand kept prices high. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

OPEC maintains current oil production quotas

QUITO – The 12-nation Organization of Petroleum Exporting Countries meeting in Ecuador on Saturday agreed to maintain its current production quotas unchanged, despite uncertainty over economic growth in 2011. View full post on Business Stories

Ahead of Thanksgiving, GM Announces $163 Million Plan To Save 164 Jobs

Ayinde O. Chase – AHN News Editor Detroit, MI, United States (AHN) – Some General Motors workers and their families have extra reason to be thankful this Thanksgiving holiday. The automaker announced a $163.2-million investment in its operations in Flint and Bay City, Michigan, and Defiance, Ohio, to support engine production of three of its […]

Barrick Gold profit shines

Barrick Gold has reported record third quarter earnings, boosted by higher production and soaring gold prices. View full post on Canada Business Stories

Fishery Expert Urges International Agreement On Salmon Production

AHN News Staff Vancouver, British Columbia, Canada (AHN) – A Canadian fishery expert urged on Monday that an international agreement on salmon production be drawn up to prevent overcrowding of salmon stock in the North Pacific. Estimates by a Canadian-U.S. research team placed the population of adult pink, chum and sockeye salmon to twice as […]

U.S. Lists 20 Countries Involved In Drug Production, Transit

Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – President Barack Obama on Thursday issued a presidential determination naming 20 nations as major drug transit or drug-producing countries including Pakistan, Afghanistan and India as well. Obama in the statement noted, “I hereby identify the following countries as major drug transit or major […]