by Amanda DeBard President Obama says his energy plan will make the nation independent from foreign oil, but he’s also cheerleading for policies that analysts agree could tax domestic oil and gas companies out of the production business. The president wants to increase federal spending on renewable energy by about $150 billion, including creating [...]
by Perry Williams LONDON — International contractors competing for work with state energy giant Saudi Aramco are starting to envisage a less rosy future. Following five years of fevered project activity in both exploration and refining, Aramco has in the past six months embarked on a strategy of delaying schemes because of faltering global [...]
SAO PAULO — After three and a half days of negotiations, Petrobras and the National Oilworkers Federation (FUP) reached an agreement yesterday to suspend the labor strike which was started on Monday (03/23). The other unions, Sindipetro Rio Grande do Sul, Litoral Paulista, São José dos Campos, Rio de Janeiro, Alagoas/Sergipe and Pará/Amazonas/Maranhão/Amapá announced [...]
Dear Mr. Offshore, why can’t i get a job? I email my resume to every dive company in the country and never here back. I’m screwed if i dont work soon. – needing work, Arizona Right now, not many divers can get work. And those who are fortunate to have a hitch know that they are lucky [...]
Russia signalled its determination to win the race for the Arctic’s mineral wealth yesterday by announcing plans to establish military bases along its northern coastline. A new national security strategy includes plans to create army units in Russia’s Arctic region to “guarantee military security in different military-political situations.”
By Mike Lyons The first full week of spring produced a typical late March weather pattern across south Florida: mostly sunny, mild and breezy. But it won’t be long before the heat and humidity of summer returns, marking the beginning of the rainy season (usually around May 20) and the start of the hurricane [...]
MINNEAPOLIS — The former finance chief of a Texas company controlled by Nasser Kazeminy, a close friend of former Sen. Norm Coleman, said in a deposition last week that Kazeminy ordered $100,000 in fees be paid to a Minneapolis insurance agency where Coleman’s wife was employed. B.J. Thomas, who was chief financial officer of [...]
RIO DE JANEIRO — The Norwegian oil company StatoilHydro is now planning to invest some US$5 -$10 billion in Brazil over the next 5-10 years with a focus on deepwater heavy oil fields. “Brazil is one of the most important areas in the world for StatoilHydro outside Norway,” company head of the South Atlantic [...]
The plunging crude prices have begun to play out in favour of Western oil companies in one regard, giving them leverage with oil-rich countries that only months ago had no reason to compromise. Countries like Venezuela, Libya and Russia have kept a tight grip on their vast oil reserves in recent years as crude [...]
NEW YORK — At their annual analyst meeting today in New York last week ConocoPhillips’ senior leadership team outlined the compny’s strategic objectives and operating plans for 2009, and explained how the company will maximize the value of its asset portfolio in a challenging economic and political environment. “While we have adjusted to the [...]
RIO DE JANEIRO — Brazil’s FUP oil workers federation said on Friday that it was ending a five-day-old strike after reaching agreement with state-controlled Petrobras. While the accord must still be approved by the rank and file, FUP leaders said they were confident their members would accept the company’s proposal. The strike, which began [...]
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