Libya is keen on Cyprus Oil and Gas Exploration Bid
Libya’s top oil official declared that his country is keen to invest in oil-and-gas exploration off Cyprus’ southern coast. For full story, click here
Articles Tagged "bid"
The relation between gold price and oil price
After falling from $147 to $35 per barrel towards the end of last year, crude oil has once again gained and touched $45 per barrel on speculation that China's stimulus plan may spur demand for the commodity near term. However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
Falling crude, credit turmoil may delay NELP VIII bidding
Bidding for oil exploration blocks in India is likely to see huge delays with most oil companies hesitant to pump in money into such risky ventures. For full story, click here
OVL may pick up only 51% stake in Imperial, save $1 bn
OVL has a chance to save around $1 billion in the $2.1-billion deal for acquiring the UK-listed Imperial Energy. For full story, click here
RIL and UK’s BG Group bid for 45 areas
Reliance Industries and the UK’s BG Group, bid for 45 of the record 57 areas put up for auction. For full story, click here
India Rejects Cairn Energy’s Exploration Bid
India rejected a bid by the U.K.’s Cairn Energy Plc. and its local unit to explore an oil and gas area off the nation’s west coast and awarded 44 fields that were auctioned to bidders this year. For full story, click here
Benchmark: August 25
Barrel prices nosed upward of $115 on Monday, largely due to a sagging US dollar. Analyzing this in reference to last week’s barrel and dollar prices shows the extent to which crude is tied to currency differentials. The relationship is not one sided, either. For us Canadians, high oil prices are keeping our dollar near parity with that of our neighbours.
Chiyoda to Bid for Saudi Refinery Projects
Japanese oil and gas engineering group Chiyoda Corp reported that it is preparing to bid for two large export refinery projects planned by Saudi Aramco jointly with Houston-based ConocoPhillips and France’s Total SA. Chiyoda President Takashi Kubota said: The company plans to announce one or two alliances with other engineering firms when it unveils half-year results [...]
