Fears of Greek default drag US crude under $92 per barrel.
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Posted inProducts & Services
Dragon Oil strikes again in Turkmenistan
Latest successful completion keeps company on track in Turkmenistan
Posted inProducts & Services
GE Oil & Gas bags $120 million services contract
Latest win follows $200 million flexible logistics contract
Posted inProducts & Services
Oil demand to increase by 1.2 million bpd say IEA
Gas consumption slated to grow by 2.4% per year between now and 2016
Posted inNews
US and Saudi Arabia discussed secret oil swap deal
Deal to circumvent OPEC and oil markets, using European refiners.
Posted inNews
Bank report says Oil price will rise long-term
Short-term downside risks will be outweighed by surging demand.
Posted inProducts & Services
Momentum launches Turkmen-bound rig for Dragon Oil
New jackup rig is due for delivery to Turkmenistan in late 2011.
Posted inProducts & Services
Oil price to surge, says hedge fund manager
China’s appetite for energy set to push oil price past late 2007 highs
Posted inProducts & Services
Kuwait Energy two new oil discoveries in Egypt
Latest discoveries bring firm’s discoveries in Egypt to 11.
Posted inNews
Statoil sells Gassled stake to Abu Dhabi investors
ADIA has 25% stake in holding company with Canadian, German partners