Total pledged to maintain investment and cut costs by renegotiating contracts with suppliers given the drop in crude prices. For full story, click here
Continue reading "Total pledged to maintain investment and cut costs"
Friday, November 14, 2008
Brazil plans to invest some $400 bn in coming 10 years to develop new offshore fields that may contain as much as 80 billion barrels of oil. For full story, click here
Continue reading "Brazil plans to invest $400 bn to develop offshore oil fields"
Tuesday, November 11, 2008
It is obvious that a barrel price below $60 on the NYMEX is bad news for oil companies. Part of the drop reflects a strengthening American dollar, but recent demand forecast revisions are bleak. Governments, companies and investors think a prolonged recession or period of low growth is in the offing, and everyone should take note.
Continue reading "Benchmark:South of US$60"
Tuesday, November 4, 2008
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.
Continue reading "Benchmark: Things fall apart?"
Monday, November 3, 2008
According to Mohammed Bin Dhaen Al Hamili, UAE Minister for Energy, oil and gas producers in the Middle East should continue to invest in the industry despite the fall in oil prices across the world. Mohammed Bin Dhaen Al Hamili, UAE Minister for Energy, said: As you know, recent events in global financial markets have [...]
Continue reading "Don’t stop investing in oil sector says UAE minister"
Wednesday, October 15, 2008
The French company will keep to its investment plans amid lower crude prices. Production growth over the next 10 years will come from deep-water fields in Africa, heavy-oil ventures in Canada and liquefied natural-gas projects. Christophe de Margerie said: All the projects which are under way will be completed. We can easily take the time [...]
Continue reading "Total Investment plans on Track Amid Low Crude Prices: CEO"
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Thursday, February 12, 2009