Archive | February, 2013

Firms Gain from Lapses in Oil Investments Contracts

Past oil investments by large oil firms resulted to a total windfall of more than $2.5 billion, thanks to a bungled lease contract.

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Linn Energy to Acquire an E & P Firm via $4.3 Bn Oil Investment

Upstream LLC Linn Energy’s latest oil investment involving Berry Petroleum will cost more than $4.0 bn, but will increase oil yield by more than 30 percent.

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What Drives China to Invest in Oil Beyond its Borders

China is fast acquiring new oil assets outside the country, coughing out $35 billion to sustain diminishing domestic oil production.

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Transocean Preps Up for Big Business in the GOM

Transocean preps up to cash in on potential demand for oil exploration rigs in the GOM as its BP oil spill legal woes are permanently cast aside.

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Current Crude Prices Mixed in Asian Trading

Current crude prices are mixed in Asian trading after the President’s Day holiday and weaker Saudi Arabian crude exports.

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OPEC Wary of US Oil Output Estimates

OPEC says America’s oil projections for 2013 are very contingent on shale. Shale longevity issues could be a downside.

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