Archive for the ‘Oil & Gas’ Category
Saturday, November 1st, 2008
Black gold has lost its gleam. The price of oil has plummeted, halving since July to around $70 a barrel. Last week, Opec decided to cut production by 1.5 million barrels a day, in a bid to stabilise matters. "Oil prices have witnessed a dramatic collapse – unprecedented in ...
Posted in Exploration, Mining Company, Mining Industry, Mining Investment, Oil & Gas | No Comments »
Saturday, November 1st, 2008
Marathon Oil Corporation today announced the completion of the sale of its non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. Centrica plc, the parent company of British Gas, acquired the interests for a total value of $416 million, which includes a $375 million ...
Posted in Mining Industry, Mining Investment, Offshore, Oil & Gas, Trade & Market | No Comments »
Monday, October 27th, 2008
Energy is on everyone's mind these days, particularly Houstonians, after we just spent weeks without electricity. Imagine doing without electricity, natural gas, gasoline and water, all at the same time! Despite the recent drop in the price of oil (which is likely only temporary), many experts believe big changes are ...
Posted in Mining Company, Mining Industry, Mining Technology, Oil & Gas | No Comments »
Friday, October 24th, 2008
Green Dragon is the parent company of Greka China, and is exclusively focused in gas industry in China. Green Dragon operates within China under its subsidiary Greka China Green Dragon is a gas supplier based in China with a focus on the production, development, production, distribution and sales of natural ...
Posted in Mining Company, Mining Consultan, Mining Investment, Mining Technology, Oil & Gas | No Comments »
Friday, October 24th, 2008
The development of deepwater oil fields off the coast of Brazil may be delayed as the credit crisis makes it harder to finance projects, OPEC President Chakib Khelil said.
Developing Brazil's offshore fields may involve investing $100 billion, for which financing from foreign banks is needed, Khelil, who is also Algeria's ...
Posted in Mining Company, Mining Industry, Mining Investment, Offshore, Oil & Gas | No Comments »
Friday, October 24th, 2008
Sime Darby Bhd today announced that it has secured a contract from Petronas Carigali Sdn Bhd (Carigali) worth RM1 billion for the construction of offshore oil & gas processing platforms.
In a statement, it said the contract was awarded to Sime Darby Engineering Sdn Bhd (SDE), Sime Darbys wholly owned subsidiary ...
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Friday, October 24th, 2008
U.S. oilfield services and drilling contractors continued to post higher quarterly profits on strong oil and gas prices, offsetting costs from the active hurricane season.
National Oilwell Varco (NOV.N: Quote, Profile, Research, Stock Buzz), Diamond Offshore Drilling (DO.N: Quote, Profile, Research, Stock Buzz) and ENSCO International (ESV.N: Quote, Profile, Research, Stock ...
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Monday, October 20th, 2008
Gold Prices rose 1.6% to $815 in Asia on Friday before falling back off in London and dropped as low as $772 by late morning in New York.
Gold Bullion then rallied back higher in the last couple of hours of trade and ended almost $14 off its low with a ...
Posted in Gold, Mining Industry, Mining Investment, Oil & Gas, Trade & Market | No Comments »
Thursday, October 16th, 2008
EUROPEAN STOCKS climbed again Tuesday, extending Monday's monster rally, as investors continued to welcome the unprecedented bailout plans for banks in the U.K., Europe and the U.S.
The latest effort came Tuesday, when the U.S. said it would buy stakes in nine major banks. That followed pledges from European leaders that ...
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Thursday, October 16th, 2008
Head of the National Iranian Oil Company (NIOC) Seifollah Jashnsaz said in Moscow that $30 billion has been invested in the oil and gas sectors by foreigners since March 2008.
He said several European and Asian countries including Italy and China have made investment in Iran’s oil and gas sectors.
“Ways of ...
Posted in Mining Company, Mining Investment, Oil & Gas | No Comments »
