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Oil News

Angolan $3.5 bn oil contract goes to Technip, Heerema

Paris - The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.
In the Media by Elodie Mazein (AFP)

South Sudan rebel leader vows to take key oil fields, capital

Rumbek - The leader of South Sudan's rebels has vowed to attack the capital Juba and target crucial oil fields, warning in an exclusive interview with AFP that the civil war will not end until the country's president is removed from power.
In the Media by AFP

Brazil president pledges thorough Petrobras probe

Rio De Janeiro - Brazil's president on Monday promised authorities would carry out a thorough and complete probe of alleged money laundering at state oil giant Petrobras.
In the Media by AFP

Total goes ahead with ultra-deep Angolan oil field

Paris - French oil group Total has found ways of reducing the cost of extracting ultra-deep Angolan offshore oil reserves by a fifth and has decided to go ahead with investment in the Kaombo project, the firm said on Monday.
In the Media by AFP

Kuwait signs $12 bn oil contracts, tenders others

Al Kuwait - The Kuwait National Petroleum Company on Sunday signed contracts worth $12 billion (nine billion euros) with three international consortia to upgrade two refineries and invited bids to build a new multi-billion-dollar refinery.
In the Media by AFP

Romanian villagers take on Chevron over shale gas

Pungesti - US energy major Chevron, shielded by barbed wire, under police protection and under fire from egg throwers, is in trouble in Romania with villagers angry at its drive to drill for shale gas.
In the Media by Isabelle Wesselingh (AFP)

Petrobras yields documents in money-laundering probe

Rio De Janeiro - Brazil's Petrobras has turned over documents requested in an investigation into a $4.5 million money-laundering operation, the latest in a series of problems to plague the state oil giant.
In the Media by AFP

Crude oil prices extend losses

London - Oil prices extended losses Friday on poorly-received economic data out of China this week that has raised concerns over potential weaker crude demand from the world's biggest consumer of energy.
In the Media by AFP

Crimea clouds oil market outlook: IEA

Paris - The global oil market is returning to a rough balance but Russia's annexation of Crimea has clouded the outlook with both supply and demand growth to slow, the International Energy Agency said Friday.
In the Media by Richard Lein (AFP)

Chevron, YPF ramp up Argentina shale investment

Buenos Aires - US oil giant Chevron and state-controlled YPF unveiled plans to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.The investment comes on top of $1.
In the Media by AFP
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Oil Image

Francis Bacon  Second Version of Triptych   1944 / 1988. Oil and alkyds on canvas. Each panel 198 x ...
© Estate of Francis Bacon / SODRAC (2013)
Francis Bacon, Second Version of Triptych, 1944 / 1988. Oil and alkyds on canvas. Each panel 198 x 147.5 cm (each panel), Tate Modern, London. © Estate of Francis Bacon / SODRAC (2013)

Oil Blogs

Startup intends for unmanned prototype system to help contain oil spills

A Canada-based technology startup has acquired the rights to an unmanned airborne system intended to deploy from...
Apr 29, 2013 by Tim Watson

Oil Weakens, Political Tension in Greece

Crude oil price movements for this evening (30 / 1) recorded a decline. The fall in oil prices triggered by the Greek...
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Petrochemical Industry: Falling Prices For Petrochemicals

2011 was a turbulent year for the oil industry: after the earthquake disaster in Japan came the turmoils in North...
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Owning The Oil Companies — Occupy Christmas Is Here

As the occupy movement sees no sign of slowing down, I wondered what they want for Christmas. Then it hit me: forget...
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What Happened To Our Nation's Wealth?

Many Americans have begun to wonder about what happened to all of our wealth. It is true that the United States still...
Jun 25, 2011 by Walter "Bruno" Korschek - 1 comment


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