Friday, December 05th, 2008

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Posts Tagged ‘ TOT ’

Why the Chinese Will Win the Global Oil Game

Oct 16th, 2008 | By Keith Fitz-Gerald | Category: Top Story

The rules of the global oil games are changing, says Keith Fitz-Gerald. And China — not the US — is leading the way. China doesn’t worry about the political leanings or dubious human rights of its energy suppliers. It needs a steady supply of oil to fuel its economic boom…and it will do what it takes to get it.



4 Ways to Play Triple-Digit Crude

Sep 3rd, 2008 | By Don Miller | Category: Featured, Financial News

It’s been a volatile year for crude oil prices. After touching above $147 a barrel in July, the black goo is trading back below $110 a barrel.

Don Miller says industry insiders are now betting on triple-digit crude oil prices for the next decade. And long-term oil futures show demand will continue to outstrip supply, as Asia industrializes and proven reserves diminish.

Don says Transocean Inc. (NYSE:RIG), StatoilHydro ASA (NYSE:STO), and Petrobras (NYSE:PZE) are likely to benefit from new drilling projects. And the company that supplies equipment lines for 90% of oilrigs, National Oilwell Varco (NYSE:NOV), is also well placed for profits.



China and Iraq Finalize Oil Contract As Oil Majors Waver

Aug 22nd, 2008 | By Jason Simpkins | Category: Oil Investment & Alternative Energy

China and Iraq will sign a deal next week to develop the Ahdab oil field, 100 miles southeast of Baghdad. The move comes at time when political gridlock and security concerns have cast doubt over several pending short-term contracts, says Jason Simpkins in Money Morning.



Pick Up Resource Plays in 2008 at 2005 Prices

Aug 20th, 2008 | By Byron King | Category: Featured, Financial News

Yesterday, oil was back up on a weaker dollar.

Crude oil futures gained $1.66 to settle at $114.53 a barrel on the Nymex. The euro, meanwhile, inched up 0.1% against the buck, off a six-month low of $1.4630.

Energy and oil expert Byron King says investors can expect oil to continue to head northward for all the familiar reasons. Oil’s long-term fundamentals are little changed since hit spiked to $147 a barrel at the end of July. And you can now pick up resource plays in 2008 at 2005 prices…



Iraq Seeks Foreign Investment to Rebuild Energy Sector

Jul 2nd, 2008 | By Jason Simpkins | Category: Featured, Financial News

Iraq has officially opened the door for foreign oil companies to invest in the country’s rich energy sector for the first time in more than 30 years.Thirty-five foreign oil majors have been invited to bid for contracts to provide technical support and help boost production in eight oil and natural gas fields.

The contracts will be awarded in 2009, as Iraq’s oil minister, Hussein Shahristani, hopes to increase production by 2 million barrels of crude oil per day by 2013.



Global Investing Roundups: Friday, June 20th, 2008

Jun 20th, 2008 | By William Patalon III | Category: Stock Market Investing

Circuit City Falls, Cuts Dividend; Mitsubishi Working on Plug-In Line; Continental and United Buddy Up; Western Oil Back in Iraq; Citi CFO Sees More Trouble; Bear Stearns Execs Arrested; Transocean and BP Extend Drilling Contract; Bank of America to Takeover Countrywide by July.



Halliburton Offer Sets Off Bidding War for Deep Sea Oil Expert

May 24th, 2008 | By Jennifer Yousfi | Category: Oil Investment & Alternative Energy

A private-equity consortium headed up by Candover Partners Ltd., a wholly owned subsidiary of Candover Investments PLC, and Goldman Sachs Group Inc. (GS) has boosted its initial bid for U.K.-based Expro International Group PLC (PINK: EXPRF) by 8%, just narrowly beating out Halliburton Company’s (HAL) $3.4 billion (1.71 billion pounds) cash offer.



What’s Driving the Oil Bull, How Much Further It Will Go, and How Investors Can Profit

May 23rd, 2008 | By Jason Simpkins | Category: Oil Investment & Alternative Energy

Exactly 12 months ago, West Texas Intermediate crude oil was trading at just under $63 a barrel.