Falklands : Hydrocarbons Daily Record Tuesday, 13 May 2008
Submitted by Falkland Islands News Network (Juanita Brock) 14.05.2008 (Article Archived on 28.05.2008)
Crude prices increased today on reports that Iran might decrease production.
HYDROCARBONS DAILY RECORD TUESDAY, 13 MAY 2008
By J. Brock (FINN)
At 1930hrs LMT on Tuesday, 13 May 2008 Light Sweet Crude was trading at $125.80 up $1.57 on the New York Mercantile Exchange. Brent Crude was trading at $123.92 up $1.01 on London’s ICE Futures Market.
ANALYSIS:
Crude prices increased today on reports that Iran might decrease production. It is thought that if demand is going down that production should go down as well as it is better to keep crude at source than where it could damage the environment. There’s no need to pump it out until demand warrants it.
RELATED ARTICLE:
Stop the presses! We’ve found a way to curb our dependence on foreign oil — and domestic for that matter — and spare you some of the pain you’ve been suffering at the pump. And this alternative energy source won’t bleed the government for huge subsidies.
http://www.galesburg.com/opinions/x194395217/Don-t-drive-ride-avoid-gas-prices-by-cycling-to-work
DISCLAIMER:
Note: The sources for related articles come from a variety of websites so that readers can get as wide a selection of views as possible. HDR does not necessarily align itself with any of the views expressed
SHARE PRICES ON THE ALTERNATIVE INVESTMENT MARKET: Tuesday, 13 May 2008.
TLW: 905.00 down 12.00, DES: 95.00 up 4.50, FOGL: 150.00 unchanged RKH: 94.50 up 2.50, BOR: 92.00 up 9.00 PRE: 13.00 up 0.75, GBP: 7.75 unchanged, GPK: 424.00 down 6.50, BLT 2020.00 up 27.00, RDSA: 2050.00 down 9.00 RDSB: 2022.00 down 9.00
New York Stock Exchange:
XOM: 89.76 up 0.57 (USD)
THE MARKETS (13/05/08)
FTSE100: 6,211.90 down 8.15, FTSE250: 10, 372.10 down 158.97, SmallCap: 3,221.90 down 0.25
DJI: 12,832.18 down 44.13, NASDAQ: 2,495.12 up 6.63 S&P500: 1,403.04 down 0.54
INTERNATIONAL DEVELOPMENTS:
(Australia)
BHP Billiton has made the development of its own liquefied natural gas business offshore of Western Australia the key priority for its petroleum division.
http://www.theaustralian.news.com.au/story/0,25197,23693439-5005200,00.html
(North Sea)
The FINANCIAL -- StatoilHydro has discovered hydrocarbons in two wells in the Oseberg area in the Norwegian offshore sector of the North Sea.
http://finchannel.com/index.php?option=com_content&task=view&id=12432&Itemid=47
(Spain)
Sacyr Vallehermoso SA. said net profit rose to 205 million euros in the first quarter to March from 203 million a year earlier, compared to analysts forecasts of 117 to 197.5 million. In a statement, Sacyr said revenues rose to 1.320 billion euros from 1.267 billion, in line with estimates for 1.300 to 1.367 billion.
http://www.forbes.com/afxnewslimited/feeds/afx/2008/05/13/afx5000938.html
(United States)
One of the LNG import terminals operating in the United States is located near Boston, Massachusetts. And 100 percent of all LNG cargoes supplied to this terminal since 2004 have come from Trinidad & Tobago.
http://newsblaze.com/story/20080513125141tsop.nb/newsblaze/TOPSTORY/Top-Stories.html
REGIONAL DEVELOPMENTS:
(Ecuador and Venezuela)
Ecuadorian state-run oil company Petroecuador and its Venezuelan counterpart Petróleos de Venezuela (Pdvsa), will incorporate in May a joint venture
http://english.eluniversal.com/2008/05/12/en_eco_art_ecuador-and-venezuel_12A1572319.shtml
(Peru)
Peru's state-owned energy company Petroperu said on Monday it has approved 11 companies to continue on in the bidding process for a $1 billion contract to modernize its Talara oil refinery in northern Peru.
http://in.reuters.com/article/oilRpt/idINN1232728920080512
(China and Venezuela)
China National Petroleum Corp (CNPC), the parent of PetroChina, said it agreed to set up a joint venture with Venezuelan state oil company PDVSA to jointly develop the Junin 4 block in the Orinoco heavy crude belt.
http://www.forbes.com/markets/feeds/afx/2008/05/12/afx4999870.html
(Venezuela)
Venezuela's PDVSA and Argentina's Enarsa have signed a joint venture agreement to construct and operate a 4.7mtpa LNG import facility in the city of Guiria ...
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http://www.ijonline.com/GenV2/Login.aspx?ReturnUrl=%2fgenv2%2fSecured%2fDisplayArticle.aspx%3fArticleID%3d48022&ArticleID=48022
LOCAL LINKS:
http://www.fogl.com
http://www.desireplc.co.uk
http://www.bordersandsouthern.com
http://www.rockhopperexploration.co.uk.
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