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 [...]
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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"
The Crude Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
For upcoming crude oil investing trade shows, see the following links: Oil Sands Technology Show, Houston Energy Financial Forum
OilInvestingNews.com maintains a focus on Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Friday, November 14, 2008