JX Holdings Inc (5020.T), Japanese oil and mining giant, confirms its interest in 500-billion yen ($5,37-billion) worth of exploration and development of copper mines and oil fields in the next three fiscal years. The article is quoted saying: JX Holdings, through Nippon Oil and Nippon Mining, has stakes in several mines and oil and gas [...]
Russian President Dmitry Medvedev has confirmed Russia’s great interest in the oil and gas projects in Syria. Russian Deputy Foreign Minister Alexander Sultanov told the official Syrian Arab News Agency, “A main trend in the economic cooperation is currently reflected in the oil and gas projects, including transportation of energy resources, electric power, water and [...]
Belgian bio-coal maker 4Energy Invest reports increase in sales of ten percent by the third quarter of 2010 and will continue to increase up to ten times by 2014 due to surge in demand for the CO2-neutral fuel. “Turnover we should reach it multiplied by ten (within three to four years). What we have done [...]
Oil levels were nearing levels that would likely prompt an increase in supply from the OPEC. Such an action would likely cause oil prices to drop. Furthermore, evidence of a bottoming out of the recession is still a bit patchy. The latest data on industrial production for some of the larger countries continues to remain negative.
By Duncan Sutherland – Exclusive to Gas Investing News Market news What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches. Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Canada: Upgrader is going up later than usual this week because of the Canadian Federal Election and the American Presidential debate. Now that these two events are a matter of record, there is much good news for the heavy oil and oil sands industries. First, the Canadian [...]
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