Search Results for: oil+production+by+country+2010

1. Petrobras CFO: Oil spike may lose steam, Brazilian state-run oil giant posts double-digit rise in quarterly profit

   Written by admin on February 26, 2011 — Leave a Comment

   International oil prices could be as much $ 70 per barrel drop when the North African region and the Middle East see a calming of the civil unrest that has disrupted oil production in Libya, the chief financial officer of the Brazilian oil giant Petroleo Brasileiro SA said Friday.

   The front month crude contract earlier this week in violation of the $ 100-a-barrel mark for the first time since late 2008 when Libya’s oil output dropped amid violent anti-government protests and as investors are concerned about potential supply disruptions in other North African countries and the Middle East. (more…)

   Posted in News | Tagged Brazilian oil giant Petroleo Brasileiro, crude contract, International oil prices, Libya's oil, oil production in Libya

2. Eni decreases unrest worsens Libya, BP Exploration Stops

   Written by admin on February 21, 2011 — Leave a Comment

   Eni SpA, the largest foreign oil producer in Libya, fell the most in nine months in Milan trading suspended exploration and BP Plc as worsening violence in the North African country.

   Eni, which is 244,000 barrels of oil equivalent per day produced in Libya in 2009, fell as much as 5 percent, the most since May The company said in a statement that production will continue as normal. BP has no production assets in Libya and evacuate families and nonessential staff, said David Nicholas, a spokesman for the second largest oil company in Europe. (more…)

   Posted in News | Tagged barrels of oil, BP Plc, Eni SpA, largest foreign oil producer, largest oil company in Europe.

3. BP Deal regains Reserves Lost in Post-Spill sale at half price

   Written by admin on January 16, 2011 — Leave a Comment

   BP Plc is 7.8 billion U.S. dollars to exchange shares of OAO Rosneft will replace almost all the reserves it sold to the Gulf of Mexico spill pay less than half the price.

   Rosneft the market value of the prices for its oil and gas reserves at $ 5.33 per barrel, the lowest quarter of the worlds largest oil producers, data compiled by Bloomberg show. This is 60 percent below the $ 13.20 average price BP received for fields last year sold 1.7 billion containers business, according to the bank DnB NOR ASA. After the deal, BP Company represent approximately 10.8 percent Rosneft 1.6 billion barrels of proven reserves. (more…)

   Posted in News | Tagged bp company, BP Plc, gulf of mexico oil spill, oao rosneft, oil and gas reserves, oil price per barrel, oil prices, world largest oil producers, Gas Reserve Sale Buy At Price, Bp Plc Political Risk

4. Ghana’s oil wealth May Trigger Borrowing Spree, Raising debt

   Written by admin on December 15, 2010 — Leave a Comment

   

   Ghanaian President John Atta Mills says the country will learn from the mistakes of other African oil producers and save part of the revenues for future generations after the production begins today. The government agreed to lend more than 14 billion U.S. dollars say otherwise.

   Ruling party lawmakers a bill amended on December 9 for the government to borrow against future oil revenues and a weight of plans to establish a sovereign wealth fund delay. The move comes on the heels of September loan agreement with China worth about 45 percent of gross domestic product. (more…)

   Posted in News | Tagged African oil producers, future oil revenues, oil mining, oil mining company, oil production, oil wealth, Ghana Oil One Voice, Ghana Gold Jewellery, Oil Revenue In Ghana

5. Oil rises half days on Chinese Manufacturing, U.S. Stimulus Speculation

   Written by admin on November 2, 2010 — Leave a Comment

   Crude oil rose for the second day, trading above $ 83 a barrel after climbing a two-week high on growth in Chinese industry and the expectations of the Federal Reserve will take steps to stimulate the U.S. economy.

   Oil rose 1.9 percent yesterday as China Federation of Logistics and Purchasing, said the Purchasing Managers’ Index rose to 54.7 from 53.8 in October. Fed policy makers meeting today and tomorrow will probably announce a program for at least $ 500 billion in long-term effects to buy in a monetary stimulus strategy known as quantitative easing.

   “The combination of strong Chinese data and forecasts for the quantitative easing this week is to give traders good reasons too long,” said Phil Flynn, vice president of research at PFGBest in Chicago. (more…)

   Posted in News | Tagged crude oil prices, oil commodity, oil exploration, oil mining, oil prices, petroleum