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Daily Energy Overview, Thursday, March 03, 2011
U.S. crude oil futures settled over 102 dollars on Wednesday for the first time since September 2008 as civil conflict expanded in Libya and an airstrike nearby country’s oil infrastructure deepened worries over a lasting disruption from OPEC countries.
read more... 03/03/2011
The U.S administration approves the first deepwater drilling permit since BP oil spill
The U.S. administration declared on Monday that it has authorized the new deepwater oil drilling permit in US waters of the Gulf of Mexico.
read more... 03/03/2011
TNK-BP offers to buy a BP stake for £5bn
The Times newspaper declared on Wednesday that TNK-BP, a joint strategic partnership, has offered to buy a 5 percent stake in BP for 5 billion pounds trying to solve the controversial dispute over the BP’s proposed deal with Rosneft.
read more... 03/03/2011
Mitsubishi to develop a more energy-efficient liquefied natural gas ship until 2014
Mitsubishi Heavy Industries Ltd. Company received an order from Nippon Yusen Kabushiki Kaisha, a shipping company, to build a ship with a steam turbine generator that has 15 percent better fuel efficiency as compared to the traditional steam systems.
read more... 03/03/2011
Daily Energy Overview, Wednesday, March 02, 2011
U.S. crude oil futures ended over 99 dollars on Tuesday, having hit their utmost level since September 2008 as rising turmoil in Libya kept worrying other oil producers in the Middle East and North Africa.
read more... 02/03/2011