PetroEcuador has signed Contract with PetroChina to sell Crude
Ecuador’s state-run oil firm, PetroEcuador has signed an agreement Thursday to sell crude to China’s state-owned PetroChina. For full story, click here
Articles Tagged "contract"
KNM Group forecasted signs of contract pickup after crude rally
KNM Group Bhd, Malaysia’s leading publicly traded oil and gas services provider, declared there are signs demand is picking up after a crude-price rally triggered a revival of exploration projects. For full story, click here
Longford revealed discussions regarding PSC agreement
Longford Energy Inc. revealed that it is currently involved in advanced discussions regarding entry into a Production Sharing Contract for the exploration, development and production of hydrocarbon resources. For full story, click here
Oil Price Peaks And Slides
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Weatherford won $646 mln Mexico drilling contract
Mexico’s state oil company Pemex reported that it has been awarded with a $646 million contract to the Mexican subsidiary of Weatherford International Ltd to drill 500 wells at the Chicontepec oil field. For full story, click here
BP, RIL sign contract
BP and Reliance Industries signed a production sharing contract for the block KG-DWN-2005/2 with the Indian government. For full story, click here
New York’s main futures contract, light sweet crude for March delivery, added 58 cents
New York’s main futures contract, light sweet crude for March delivery, added 58 cents from its closing price on Tuesday to 42.16 dollars per barrel on the New York Mercantile Exchange. For full story, click here
Pemex likely to Award 1st Oil Exploration Contract by 2009
Petroleos Mexicanos may award the company’s first external oil production and exploration contract by the end of next year. For full story, click here
Pemex likely to Award 1st Oil Exploration Contract by next year
Petroleos Mexicanos is likely to award the company’s first external oil production and exploration contract by the end of 2009, as it targets producers such as Exxon Mobil Corp, Shell Plc and Chevron Corp. For full story, click here
Benchmark: Things fall apart?
Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot hold. Recession or recovery, echo boom or bust, few are predicting prolonged instability somewhere between these extremes.
