January 2011

4th January 2011

Deep Water Drilling to Resume on a Limited Basis

Submitted by blogwriter on Tue, 01/04/2011 - 22:47

The Obama administration Monday January 3, 2011 outlined plans to allow deep-water drilling to resume in the Gulf of Mexico on a limited basis. Read more »

4th January 2011

CNOOC Supply to China Robust

Submitted by blogger on Tue, 01/04/2011 - 16:25

Oil and gas reserves anyone? This is the sentiment expressed on a regular basis now by CNOOC, China’s largest offshore oil and gas producer. As China’s industry growth continues to test the strength of its bulging seams, CNOOC is there to accommodate any needs the flourishing country might have. In addition to industrial demand, consumer’s needs are also on the rise. Read more »

3rd January 2011

Higher Oil Prices Equal Global Economic Impact

Submitted by blogger on Mon, 01/03/2011 - 14:04

Last week, former Shell CEO John Hofmeister predicted gas prices reaching $5 per gallon by 2012. With that statement he created quite a stir of opinions. Many analysts agree, the US economy can’t support this kind of expense. And they’re probably right. As cash from our wallets ends up in the tank, other disposable income starts to shrink away, like a balloon losing air. But as oil prices continue to practically sprint towards $100 per barrel, experts believe the possibility of almost $4 per gallon at the pump is possibly a done deal. Read more »

1st January 2011

The World's Most Watched Oil Company

Submitted by blogwriter on Sat, 01/01/2011 - 00:13

With exploding wells, shifting regulations, and uncertainty for investors, some players in the oil, gas, and consumable fuels field are teetering on the verge of collapse, while others are poised to profit. It's among the most-watched industries among those who have created a watchlist, and today we're able to single out the one energy player that is garnering the most attention. Read more »

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