Windsurfing subcommittee recommended the South Korean company POSCO largest steel group get 74 percent equity in the company SAIL joint venture. Give shares on the basis of patented technologies FINEX and funding provided by the South Korean government for the construction of the steel plant in Jharkhand. months of windsurfing subcommittee approved a proposal to establish common ground steel joint venture of Bokaro Steel Plant (BSP). Read more
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Democrats are banging on the House of Representatives John Boehner since he suggested earlier this week that Congress tax breaks for oil companies “had a look around. ”
Now this connection between tax breaks for oil companies and tomorrow royal wedding of Prince William and Kate Middleton.
The Democratic Congressional Campaign Committee has a new website, www.roilwedding.com that “celebrates” the union of Republicans and Big Oil. (R + Oil sounds like Royal … Get it?) (more…)
BP Plc and U.S. officials are evaluating how to proceed with a relief well, which is intended to ensure BP’s damaged and will never leak. BP has been ordered by U.S. officials for help, and after pressure tests do not prove there is no further risk of oil leaking from the pit, National Incident Commander Thad Allen said yesterday in a press conference in Schriever, Louisiana. (more…)
IT’S ALL ABOUT OIL: Higher oil prices made up for what would have been a weak quarter for ConocoPhillips. A 27 percent increase in prices more than compensated for a 25 percent drop in production. Conoco first quarter profit rose 43 percent to $ 3 billion.
A seller’s market: The rise in oil prices allows companies to earn more while producing less, and it also increased the value of their assets. (more…)
