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General Interest 2011 P13

  • 11/04/2011 -- MARKET WATCH: Greek referendum killed; oil prices rise
    The Greek prime minister canceled a proposed referendum on the austerity programs in that troubled country, causing prices to climb in commodity and equity markets.
  • 11/04/2011 -- Statoil to acquire Hess's Snohvit interest
    Statoil has as agreed to buy Hess Corp.’s 3.26% interest in Snohvit natural gas and condensate field and nearby licenses in the Barents Sea off Norway for 1 billion kroner ($180 billion) after tax (OGJ Online, Apr. 14, 2011).
  • 11/04/2011 -- Sanctions, saboteurs take toll on Syria's oil industry
    Syria’s Oil Minister Sufian Allaw acknowledged that sanctions recently imposed by the US and the European Union have reduced his country’s production of oil to 270,000 b/d or less from its normal rate of 380,000 b/d.
  • 11/03/2011 -- MARKET WATCH: Energy prices apparently weathering financial woes in Europe
    Crude oil prices generally continued to creep higher in mixed trading in the New York market Nov. 2, and equity markets improved despite the financial turmoil that is roiling Europe.
  • 11/02/2011 -- MARKET WATCH: Crude oil prices little affected as stock market takes beating
    The stock market took a beating Nov. 1, but strangely there was little reaction in oil markets to the Greek government’s surprise decision to submit its unpopular austerity program to a referendum early next year—a move that many expect will sink a Euro-zone bailout of the financially strapped country.
  • 11/02/2011 -- North Slope shale oil, gas potential emerging
    Spare capacity in the Trans-Alaska Pipeline System could provide an outlet for the development of oil in shale formations on Alaska’s North Slope (OGJ Online, May 4, 2011).
  • 11/02/2011 -- Ladwein to direct Manas exploration, production
    Manas Petroleum Corp., Baar, Switzerland, has appointed Werner Ladwein as president with responsibility for the company’s exploration and production operations, business development, and strategic planning.
  • 11/01/2011 -- IMF warns of 'considerable' downside risks for MENAP oil producers
    Oil producers from the Middle Eastern and North African (MENA) area could be facing a decline in export revenues due to the continuing US fiscal crisis as well as debt struggles in Europe, according to a report by the International Monetary Fund.
  • 11/01/2011 -- MARKET WATCH: Proposed Greek referendum undermines commodity, equity prices
    Oil prices slipped lower Oct. 31 and were reported to be “crushed” along with equity prices in early trading Nov. 1 after the prime minister of Greece unexpectedly announced a referendum early next year on the austerity programs demanded under the Euro-zone plan to rescue that financially troubled country.
  • 11/01/2011 -- Analysts: Market drove 2007-08 oil-price surge
    Market fundamentals explain the tripling of oil prices between the beginning of 2007 and middle of 2008, according to two Federal Reserve Bank of Dallas reports on suspicions about the role of speculation.

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