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More Spot News
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U.S. Jobs Data Propels Crude Oil Above $80 a BarrelMar 9, 2010Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex’s benchmark West Texas Intermediate settled Friday at $81.50 a barrel, a seven-week high, after topping $82 in intraday trading.
Yemen’s Push Into the Gas Sector Fails to Stimulate Great Excitement and Raises Disturbing QuestionsMar 8, 2010With Yemen’s oil revenues plunging, the government’s push into the gas market seemed like an economic saving grace for a state wracked by poverty and terrorism, but analysts warn more thought should be given to carving out the country's post-petroleum era.
Renewed Battle for the Falkland Islands Suits the Embattled British, Argentine Leaders, and OthersMar 8, 2010The artificially-engendered revival of the dispute, which began in February 2010 between Argentina and the United Kingdom over the sovereignty of the Falkland Islands in the South Atlantic....
Kurds Push for Oil Law with Baghdad Amid South’s Sudden Bright FutureMar 1, 2010While the Iraqi government has made overtures to its Kurdish counterpart in the north to end an oil standoff, much remains in doubt without an actual law keeping the industry in check - rules which this time the Kurds are pressing for rather than Baghdad.
Crude Oil Hits Ceiling in Week as Hedge Funds Attack EuroMar 1, 2010Oil Market Summary for 02/22/2010 to 02/26/2010
FMC to supply subsea production equipment to AngolaMar 1, 2010FMC Technologies has signed an agreement with Total Exploration and Production Angola for the manufacture and supply of subsea production equipment.
Oil Market Summary for 02/16/2010 to 02/20/2010Feb 22, 2010An easing of the crisis in Europe gave energy markets a firm tone last week that enabled crude oil futures to gain nearly 8% amid mixed economic news and some concerns about supply.
Crude Oil Prices Take a Dive After a Week of GainsFeb 15, 2010Crude oil prices took a dive on Friday after a week of gains from U.S. blizzards were undercut by another move in China to tighten monetary policy. China’s central bank raised reserve requirements for its banks for the second time this year as it tries to curb lending and avoid asset bubbles from
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Oil Prices Fall Sharply as General Market Sells OffFeb 8, 2010After starting the week on a firmer note, oil prices fell sharply toward the end of the week in a general market sell-off as investors sought the dollar as a safe haven amid worries about European Union economies.
Despite strong GDP Growth Energy Prices Sink LowerFeb 1, 2010Crude oil futures slipped below $73 a barrel for West Texas Intermediate late Friday as a temporary boost from strong GDP figures failed to last and let prices sink to a one-month low.Earlier in the week, China, weak refinery demand and...
Gazprom: Angel or Demon?Jan 29, 2010Gazprom faces regular opprobrium for its bullying ways of using energy as a pressure and political tool. Seen by some, mostly Russians, as the symbol of a successful and strong Russia, others see it as a....
Technip to install Broom Pipeline in UK North SeaJan 28, 2010Technip has been awarded a lump sum contract, worth approximately €21 million ( US $30 million), by Lundin Britain Limited for an augmentation pipeline
Keppel to build Saudi Aramco's first purpose-built jackupJan 28, 2010Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, the world's largest producer
Cape awarded 5 year North Sea contract with BPJan 25, 2010Cape plc has been awarded a five year Federal Contract for the provision of Fabric Maintenance Support and Deck Operations at all of BP's nine UK North
FMC signs $80 million subsea service contract with PetrobrasJan 21, 2010FMC Technologies signed a subsea service contract with Petrobras effective through 2012 and expected to result in an additional $80 million in revenue to FMC Technologies.
Norwegian Government declares APA 2009 awardsJan 20, 2010The Government has offered 38 production licenses in the awards in predefined areas 2009 (APA 2009).
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