Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore Oil Corporation, a company spokesman said Thursday. Oct. 29, making the Chinese oil concern part owner of four Statoil leases in the region. Aanestad said Statoil...
Hurricane Ida is becoming stronger and is headed to the Guff of Mexico – the wind speed is around 90 mph and the storm could strike the coast in a couple of days. Ida is a Category 1 hurricane but could become a stronger Category 2 and eventually weaken. The Government of Mexico has cautioned people to avoid travel and has imposed ...
The dollar’s
future as the world’s top currency was thrown into doubt.Arab states
had launched secret moves with China and Russia to stop using the
greenback for oil trading.
Arab states have launched moves with China, Russia, Japan and France
to stop using the dollar for oil trades, but this was denied by
Kuwait.
The ...
Crude futures are higher Wednesday, briefly piercing $80 a barrel, after the release of U.S. inventory data that showed a sharp draw in gasoline stocks and a decline in crude stocks.
Light, sweet crude for December delivery recently traded 77 cents, or 1%, higher at $79.91 a barrel on the New York Mercantile Exchange, having hit an intraday ...
News Source: International Business Times
| 20 days ago
Ltd has agreed to buy a minority stake in four prospects in the Gulf of Mexico from Norway's Statoil, opening crude oil reserves in the U.S...But the production timetable could not be confirmed, as the areas would require a relatively long...
Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore Oil Corporation, a company spokesman said Thursday. Oct. 29, making the Chinese oil concern part owner of four...
On Wednesday, Norway's oil giant Statoil ASA confirmed it had sold stakes in some of its U.S. Gulf of Mexico leases to China's state-owned oil company Cnooc Ltd. That statement confirmed a Wall Street Journal report last month. ...
Cnooc will now gain a 20 percent stake in the Tucker energy lease and 10 percent stakes in the Cobra, Krakatoa and Logan leases, a Statoil spokesman told DealBook. Further details on the deal, including the price Cnooc paid for the ... the service
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