S.Atlantic : Hydrocarbons Daily Record 03 to 06 July 2009
Submitted by SARTMA.com (Juanita Brock) 06.07.2009 (Article Archived on 21.07.2009)
A daily run down of regional hydrocarbons news focused on the Falklands.
HYDROCARBONS DAILY RECORD 03 to 06 JULY 2009
By J. Brock (FINN)
REGIONAL NEWS
Other financial news and statistics relevant to the Falklands is included in this report.
(Argentina)
Wall Street Journal -
The comments were interpreted as a denial of last week's reports that CNOOC was contemplating buying a stake in Argentine oil company YPF SA (YPF) from ...
Related:
Bloomberg - Cathy Chan, Juan Pablo Spinetto - Jul 3, 2009
July 3 (Bloomberg) -- Repsol YPF SA is in talks with China National Petroleum Corp. and China National ...
YPF Paints Bleak Picture Of Oil & Gas Business In Argentina Wall Street Journal
China National Petroleum in talks with Repsol Telegraph-Journal
Chinese firms square off for Repsol unit: sources Globe and Mail
Bloomberg - Wall Street Journal
all 82 news articles »
YPF Paints Bleak Picture Of Oil & Gas Business In Argentina Wall Street Journal
By Matthew Cowley
Argentine energy company YPF SA (YPF) painted a bleak picture of operating in Argentina in its latest annual report filed with the U.S. Securities and Exchange Commission.
(Uruguay)
PennEnergy -
By OGJ editors HOUSTON, July 6 -- Uruguay's Ancap has 180 days to review bids made for two offshore blocks in the country's first licensing round. ...
EnergyCurrent -
A period of 180 days begins now for the analysis of the received offers by Ancap, the oil company acting on behalf of the Uruguayan government to evaluate ...
PennEnergy -
Brazil's Petroleo Brasileiro SA, YPF SA, and Portugal's GALP Energia formed a group that bid for areas 3 and 4. Area 3 covers 5500 sq km in 100-2000 m of ...
Latin American Herald Tribune -
Uruguayan state-owned oil company ANCAP has 180 days to review the consortium's proposal, Martinez said Wednesday. Officials must decide whether or not “to ...
NSE:ONGC.BL - NSE:ONGC - BOM:500312
It told investors in its securities it cannot offer assurances that government decisions won't harm its operations and that, as the government seeks to boost a flagging economy, it may take further action that could hurt the Argentine oil and gas industry.
(Chile)
EasyBourse.com -
... company Empresa Nacional del Petroleo SA, or Enap; power generator Empresa Nacional de Electricidad SA (EOC), or Endesa; and gas distributor Metrogas. ...
Euroweek.com (registration) -
Quasi-sovereign issuers Petrobras and ENAP attracted a total of $7.5bn demand for their new deals this week, uncorking bottled-up demand for quality Latin ...
Wall Street Journal -
It was Argentina's move to restrict exports through two cross-border pipelines that led Chile's government to charge Enap with developing the LNG project in ...
Live-PR.com (Pressemitteilung) -
State oil and gas company Empresa Nacional del Petróleo (ENAP) is responsible for all domestic oil and gas production, with volumes in decline. ...
(Falkland Islands)
SmallCapNews.co.uk -
The Executive Directors of Rockhopper Exploration (RKH) dug deep into their pockets this week, spending a little under £200000 to purchase in aggregate ...
END - LON:VPP
Investors Chronicle - Richard Rose -
Each of Falkland Oil & Gas (FOGL), Desire Petroleum, Borders & Southern and Rockhopper Exploration offers massive upside potential, although investors need ...
Falklands oil dream taking flight Investors Chronicle
all 2 news articles »
LON:FOGL - LON:RKH - LON:DES
STATISTICS:
Light Sweet Crude:
03.07.09 |
-0.22 |
66.43 |
06.07.09 |
-2.68 |
64.05 |
Brent Crude:
03.07.09 |
-1.22 |
65.43 |
06.07.09 |
-1.31 |
64.28 |
ANALYSIS:
Both Brent Crude and Light Sweet Crude prices are lowering due to the on-going economic crisis. By now traders and speculators know that if people cannot afford the end product it is unwise to increase the price.
It also is expensive to store hydrocarbons products if they remain unsold. If supply slacks off in these circumstances there is no need to raise prices – just pump more oil. Price increases can follow when people become more prosperous.
At the end of the day the economic crisis will break when people can afford to buy things. With employment at 9.5% and rampant in the rest of the world, this isn’t going to happen soon, especially if prices keep going up.
London Stock Exchange:
FTSE100
03.07.09 |
2.01 |
4,236.28 |
06.07.09 |
-41.37 |
4,194.91 |
FTSE250
03.07.09 |
2.97 |
7,376.98 |
06.07.09 |
-56.63 |
7,320.35 |
Small Cap
03.07.09 |
-19.04 |
2,224.25 |
06.07.09 |
-15.01 |
2,209.24 |
Dow Jones Index:
03.07.09 |
-223.32 |
8,280.74 |
06.07.09 |
44.13 |
8,324.87 |
NASDAQ:
03.07.09 |
-49.2 |
1,796.52 |
06.07.09 |
-9.12 |
1,787.40 |
S&P 500
03.07.09 |
-26.01 |
896.42 |
06.07.09 |
2.3 |
898.72 |
| 
