Al Neft النفط

Why has Petrobras increased its share offer? | beyondbrics | FT.com

Editorial Team — Sun, 19 Sep 2010 10:00:01 +0000

One of the largest share this year offering has just gotten bigger. Petrobras, the giant Brazilian deep water supremo, has just increased its share offering to $ 79 billion (dwarfing AgBank’s IPO earlier this year by 3 and half times) – this is on the back for the Government – ...

Fuel-Oil Loss Grows as Asian Imports Rise Most in 6 Months: Energy Markets

Editorial Team — Sun, 19 Sep 2010 09:48:16 +0000

According to Bloomberg, Asian Refinery losses on production of Fuel oil widened as imports jumped by 25% this month to 4 million metric tons due to more Russian refinery production is diverted from US to Singapore as well as slowing demand for bunker fuel.

Algeria goes unconventional

Editorial Team — Sun, 19 Sep 2010 08:39:33 +0000

Algeria, the Middle East largest gas producer, is starting to look for unconventional gas. Algeria produced a total of 81 Billin CM and exported 21.3 BCM to Italy by pipeline and another 8 BCM to Spain and Portugal (Total Algeria gas exports according to BP Energy Statistics of 52.67 BCM). ...

Saudi reveals large unconventional gas reserves

Editorial Team — Tue, 14 Sep 2010 10:30:53 +0000

Saudi Aramco revealed that the Kingdom has large unconventional gas reserve and will speak to its partners in brining some of their expertise in unconventional gas exploration in North America to the country. Nevertheless, the new method and technology utilized in North America such as water injection to crack rocks ...

China to cut fossil fuel to 85% by 2020

Editorial Team — Tue, 14 Sep 2010 09:40:41 +0000

Cheng Siwei, a leading Chinese economist said that China will reduce its reliance on fossil fuel from current 91% of energy mix to 85% in 2020. Improvement in energy efficiency and costing of pollution via Carbon Credit will enable China to reduce consumption of fossil fuel. China Daily Al Neft ...

Turning of the tide – Goldman Sachs report

Editorial Team — Mon, 13 Sep 2010 11:05:11 +0000

Image via CrunchBase New research report by Goldman Sachs indicates that unlike the US market, Global oil market conditions are constructive. It points to recent IEA report that shows draws on floating storage continuing in August with World oil demand exceeding supply by 600k bbl/day. In addition, China data demonstrate ...

Qatar’s LNG delays affect 2010 forecast

Editorial Team — Mon, 13 Sep 2010 10:30:34 +0000

Barclays Capital has downgraded Qatar’s estimated total LNG production forecast for 2010 by as much as 27% owing to a large number of maintenance stoppages in the first half of the year and the delay of two LNG mega-trains. Analysis: Qatar’s LNG delays affect 2010 forecast | ArabianOilandGas.com.

Natural Gas and the Bulls of Summer

Editorial Team — Tue, 07 Sep 2010 08:58:32 +0000

Repot by Commodity Weather Group, LLC for a significantly warmer winter in the US will only add cold water to Gas Bulls. As the article states; we could be looking at gas prices below $4 in middle of winter, adding more pressure on Gas Industry that is wrecked by over-supply ...

U.A.E. Studies Impact of Iran Sanctions

Editorial Team — Tue, 07 Sep 2010 08:39:49 +0000

WSJ reports that the UAE is asking Banks in the country to declare remittance sent to Iran on a monthly basis. U.A.E. Studies Impact of Iran Sanctions – WSJ.com.

Petrobras prepares to raise up to R$55bn

Editorial Team — Tue, 07 Sep 2010 08:36:52 +0000

Petrobras, Brazil’s largest Oil & Gas company, is preparing to raise US$ 32 billion from minority shareholders to fund development of offshore “pre-salt” oil fields as part of $ 224 capital expenditure. This is part of Oil for shares swap between the Government and the company. Many analyst, predict that ...