Monthly Archives: August 2011

PGI Energy announces $68m Contract

Posted on August 30, 2011 by Oil.com Editorial Team

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.

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Russia to Introduce A New Oil Export Duty

Posted on August 22, 2011 by Oil.com Editorial Team

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 →

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Giant oil strike discovered in North Sea

Posted on August 17, 2011 by Oil.com Editorial Team

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.

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Oil Prices Sink to the Lowest

Posted on August 9, 2011 by Oil.com Editorial Team

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 →

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Oil prices jump to $97 barrel after US reaches debt deal

Posted on August 1, 2011 by Oil.com Editorial Team

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.

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