Latest news
Equatorial Guinea signs five oil concession deals.
One of Africa’s largest oil producers, Equatorial Guinea, signed five concession deals, two of which were with Russia's Gazprom Neft that declared in June that they were hoping to sign a production-sharing agreement with the African nation for two oil offshore blocks.
read more... 29/09/2010
Daily Energy Market Overview 09.28.2010
Crude was down at $76 per barrel on Tuesday. At 06:46 GMT, U.S. crude for delivery in November decreased $0.65 to $75.87 per barrel, while ICE Brent fell $0.67 to $77.90 per barrel.
read more... 28/09/2010
Russia and China make a 150 billion dollar deal.
The number one producer of crude makes a deal with the number two consumer worth about $150 billion over the next 20 years. This deal comes as the pipeline ESPO (East Siberia to Pacific Ocean Pipeline) was finished, which has a capacity of 300,000 barrels per day and a length of 925 km.
read more... 28/09/2010
Exxon to double or triple number of wells in Iraq's West Qurna.
With a current output production of 200,000 to 250,000 barrels per day, Exxon Mobil and its partner Royal Dutch Shell’s plan to drill new wells in Iraq's West Qurna to boost production to 2.325 mln barrels per day.
read more... 28/09/2010
Daily Energy Market Overview 09.27.2010
Oil was up to $77 per barrel on Monday. At 07:33 GMT, U.S. crude for November delivery increased from $76.49 per barrel to $76.74 per barrel, after registering the highest price of $76.85 per barrel on September 14. ICE Brent for November increased $0.09 at $78.96 per barrel.
read more... 27/09/2010