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Petrobras Says Foreign Oil Firms Not Quitting Brazil

Petrobras Says Foreign Oil Firms Not Quitting Brazil

Τρι, 18 Οκτωβρίου 2011 - 18:28

Foreign companies aren't quitting Brazil but instead are looking for partners to help finance the large investments needed to develop mammoth offshore oil fields, the head of Brazil's government-run oil company, Petroleo Brasileiro (PBR), or Petrobras, said in an interview with the O Estado de Sao Paulo newspaper.

Saipem Secures $1.5 Billion In Offshore Contracts

Saipem Secures $1.5 Billion In Offshore Contracts

Δευ, 17 Οκτωβρίου 2011 - 19:03

Saipem SpA (SPM.MI) said Monday it has secured $1.5 billion in new contracts. The Italian oil services company said its engineering and construction division has got new contracts in Iraq, Nigeria, the Gulf of Mexico and the North Sea.

BP CEO Dudley: Sees Brent $90-$100/Bbl In Near Future

BP CEO Dudley: Sees Brent $90-$100/Bbl In Near Future

Δευ, 17 Οκτωβρίου 2011 - 19:02

The price of Brent Crude is likely to fall to a range between $90 and $100 a barrel, BP PLC (BP.LN) Chief Executive Bob Dudley said Monday, although he added that the U.K. super major doesn't expect the U.S. to go into a "double-dip recession."

Total CEO: $100 - $110 Brent Price Makes Sense For Next Year

Total CEO: $100 - $110 Brent Price Makes Sense For Next Year

Δευ, 17 Οκτωβρίου 2011 - 19:02

The price of Brent crude is likely to stay between $100 and $110 a barrel next year, said Total SA (TOT) Chief Executive Christophe de Margerie, shrugging off the threat of a global economic slowdown putting downward pressure on one of the world's two main oil contracts.

Iran Launches Uranium Yellowcake Production

Iran Launches Uranium Yellowcake Production

Δευ, 17 Οκτωβρίου 2011 - 16:07

Iran has manufactured the first batch of uranium yellowcake, the raw material used for nuclear fuel production, Iranian Foreign Minister Ali Akbar Salehi said on Monday.

Statoil Buys Brigham Exploration for $4.4 Billion

Statoil Buys Brigham Exploration for $4.4 Billion

Δευ, 17 Οκτωβρίου 2011 - 16:06

Statoil ASA (STL),Norway’s biggest oil company, agreed to buyBrigham Exploration Co. (BEXP)for about $4.4 billion in cash, expanding in unconventional U.S. assets because of declining North Sea production.

Israel in Talks to Buy Gas from Qatar

Israel in Talks to Buy Gas from Qatar

Δευ, 17 Οκτωβρίου 2011 - 16:04

The Qatari government is holding negotiations to sell liquid natural gas (LNG) to Israel, the Egyptian newspaper "Youm7" reported today.

Greece Suspends Fuel Prices Caps

Greece Suspends Fuel Prices Caps

Δευ, 17 Οκτωβρίου 2011 - 12:41

Greece will suspend a cap on petrol prices imposed to protect consumers from price-gouging after a court ruling suspended a strike by customs officials that had been expected to disrupt fuel supplies, the government said on Sunday.

Global Oil Demand Has Never Been Higher, Despite Recent Revisions

Global Oil Demand Has Never Been Higher, Despite Recent Revisions

Δευ, 17 Οκτωβρίου 2011 - 12:40

Global oil demand has never been higher, despite recent revisions. Demand is driven by growth in Asia, the Middle East, Latin America and FSU, while requirements in North America and EU are contracting in 2011 as well as in 2012.

E.ON, GDF Suez In Talks To Team For French Wind Farm Bids

E.ON, GDF Suez In Talks To Team For French Wind Farm Bids

Παρ, 14 Οκτωβρίου 2011 - 17:46

Germany's E.ON AG (EOAN.FR) is in advanced talks with power group GDF Suez SA (GSZ.FR) to join the French group's consortium for a 3,000 megawatt windfarm tender offer offshore France, French daily Le Figaro reported Friday, without citing sources.

Russia Temporarily Halts China Oil Link On Earthquake

Russia Temporarily Halts China Oil Link On Earthquake

Παρ, 14 Οκτωβρίου 2011 - 17:46

Russia temporarily halted oil pipeline deliveries to China, as well as some rail shipments of crude, after an earthquake, Russia's state pipeline operator said Friday.