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DryShips Inc. Announces Closing of Private Offering of Shares of Ocean Rig UDW

DryShips Inc. Announces Closing of Private Offering of Shares of Ocean Rig UDW

Τετ, 22 Δεκεμβρίου 2010 - 16:43

DryShips Inc, a global provider of marine transportation services for drybulk cargoes and offshore contract drilling oil services, announced today that its wholly-owned subsidiary Ocean Rig UDW Inc. ("Ocean Rig"), has closed its offering by way of a private placement of shares of Ocean Rig's common stock with total gross proceeds of $500 mil.

S Korea To Triple Energy Self-Sufficiency Ratio By 2019

S Korea To Triple Energy Self-Sufficiency Ratio By 2019

Τετ, 22 Δεκεμβρίου 2010 - 16:41

South Korea said Wednesday that it aims to more than triple its energy self-sufficiency by 2019 by developing and investing more in overseas projects to meet the growing needs of Asia's fourth-largest economy.

CNPC, KazMunaiGas Begin 2nd Phase Construction On Kazakh Gas Pipeline

CNPC, KazMunaiGas Begin 2nd Phase Construction On Kazakh Gas Pipeline

Τετ, 22 Δεκεμβρίου 2010 - 16:40

China National Petroleum Corp. and Kazakhstan's national oil and gas company KazMunaiGas Tuesday began construction on the second phase of the China-Kazakhstan natural gas pipeline project, which will link western Kazakhstan with the Central Asia Gas Pipeline, CNPC said in an in-house newsletter Wednesday.

MARKET TALK: Oil Prices To Rise Above $100/Bbl In 2011

MARKET TALK: Oil Prices To Rise Above $100/Bbl In 2011

Τετ, 22 Δεκεμβρίου 2010 - 16:39

Brent crude oil is poised to take its place in the financial market spotlight in the 2011-2013 period, with prices forecast to average $93.75 a barrel in 2011, $106 in 2012 and $115 in 2013, Prestige Economics says.

Oil Reserves May Produce 40 mln Barrels

Oil Reserves May Produce 40 mln Barrels

Τετ, 22 Δεκεμβρίου 2010 - 13:46

Greece’s unexplored oil deposits could cover 30 percent of the country’s annual energy needs over the next 30 years, according to a government document.

Gazprom, Naftogaz Sign MOU On Methane Production In Ukraine

Gazprom, Naftogaz Sign MOU On Methane Production In Ukraine

Τρι, 21 Δεκεμβρίου 2010 - 20:14

Russian natural gas monopoly OAO Gazprom (GAZP.RS) and Ukrainian national energy company Naftogaz have signed a memorandum of understanding to jointly produce methane from coal in Ukraine, the Russian company said Tuesday.

Obama Hails Iraqs Approval Of New Government

Obama Hails Iraq's Approval Of New Government

Τρι, 21 Δεκεμβρίου 2010 - 20:12

President Barack Obama on Tuesday praised Iraqi leaders for agreeing to form a new government after months of political turmoil, saying the move represents a "major step forward in advancing national unity."

China To Raise Fuel Prices Despite Inflation Worries

China To Raise Fuel Prices Despite Inflation Worries

Τρι, 21 Δεκεμβρίου 2010 - 20:12

China will raise the gasoline price by 3.8% and raise diesel by 4% beginning Wednesday in the face of rising crude oil prices, despite persistent worries about inflation.

Halliburton Agrees To Pay $35M To Settle Nigeria Bribery Case

Halliburton Agrees To Pay $35M To Settle Nigeria Bribery Case

Τρι, 21 Δεκεμβρίου 2010 - 20:12

Halliburton Co. (HAL) said Tuesday it has agreed to pay $35 million to the Nigerian government to settle bribery allegations related to the construction and expansion of its Bonny Island natural gas liquefaction facility, in which its former subsidiary KBR Inc. (KBR) had a 25% stake.

Gazprom Cuts Output Forecast to 570-580 bcm by 2015

Gazprom Cuts Output Forecast to 570-580 bcm by 2015

Τρι, 21 Δεκεμβρίου 2010 - 13:50

Russia's gas giant Gazprom has cut its gas output forecast for 2015 to 570-580 billion cubic meters per year due to worsening market conditions, the company said on Tuesday.