Monthly Archives: August 2011
PGI energy is looking for ideal deal where it can sell the eight drilling rigs. In an association with Structural Dynamics Engineering, the company has announced a $68 m contract.
A wise step of Russian ministers in introducing a new tax regime to drop oil export duties beginning from Oct 1 2011 will add a new script in the history of Russia. However, the final decision depends on the consent … Continue reading
The future looks promising to ‘Statoil’, a Norwegian Energy Company which discovered a large oil field in the North Sea. This is the largest oil field discovered in the North Sea in the last 30 years.
A fall in oil prices might give Americans some relief while driving their cars more but along with it, it will shake their confidence about American economy. Oil prices per barrel settled at about 30 percent less than the high … Continue reading
Obama administration’s decision to strike a last minute debt deal to raise the government’s debt limit has effected oil prices over the world as they rose to above $97 a barrel on Monday in Asia.