Category Archives: Oil Investments
ConocoPhillips (COP) who was looking to sell its 8.4% interest in the troubled Kashagan oil field in Kazakhstan has finally found an Indian buyer. Oil & Natural Gas Corp. (ONGC), the Indian oil state group has announced its biggest overseas acquisition … Continue reading
India is avidly interested in investing in the oil opportunities presented in Ghana. Ghana started oil production in 2010 and at present produces up to 70,000 barrels per day.
US government granted exemptions to India along with 6 other countries including Malaysia, South Africa, Sri Lanka and Taiwan from Iran Oil Sanctions.
Secretary of State Hillary Rodham Clinton and Mexico’s Foreign Minister Patricia Espinosa, sign the US-Mexico Agreement Concerning Transboundary Hydrocarbon Reservoirs in the Gulf of Mexico, Monday, Feb. 20, 2012, in Los Cabos, Mexico. From left are, Clinton, Interior Secretary Ken … Continue reading
The bailout for Greece by the EU caused oil prices to float above $94 on Monday. However, even as the Greece debt crisis is being sorted, worries of a similar problem in Italy loom on the horizon. Oil prices shuffle … 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.
As per market scenario, an oil driller predicted that about 190,000 jobs are likely to be created if offshore production in the United States returns to pre-BP blowout levels.