Falklands : Hydrocarbons Daily Record Friday, 25 January 2008
Submitted by Falkland Islands News Network (Juanita Brock) 26.01.2008 (Article Archived on 09.02.2008)
Todays crude prices are directly related to market shares but someone forgot to tell the traders that the market ended down.
HYDROCARBONS DAILY RECORD: FRIDAY, 25 JANUARY 2008
By J. Brock (FINN)
At 1930hrs LMT on Friday, 25 January 2008 Light Sweet Crude was trading at $90.71 up $1.30 on the New York Mercantile Exchange. Brent Crude was trading at $90.90 up $1.83 on London’s ICE Futures Market.
ANALYSIS:
Today’s price rises were directly tied to the market. When the DJI increased early in the session those who wanted to make a profit off the increases used the feel good factor to demand increases in crude prices. Only problem is that when the markets slid later in the day, crude prices did not. Score one for greed.
SHARE PRICES AND THE MARKETS:
SHARE PRICES ON THE ALTERNATIVE INVESTMENT MARKET: Friday, 25 January 2008.
TLW: 560.00 down 10.00 DES: 25.50 up 1.00, FOGL: 113.00 up 10.50, RKH: 46.50 up 0.50, BOR: 41.00 up 4.25, PRE: 14.00 down 0.50, GBP: 7.13 unchanged, GPK: 436.00 unchanged, BLT 1417.00 up 31.00, RDSA: 1840.00 up 2.00, RDSB: 1803.00 up 4.00, RDSD: 39.21 unchanged (Trading in Euros)
New York Stock Exchange:
XOM: 83.94 down 2.06 (Trading in USD)
THE MARKETS
FTSE100: 5,689.00 down 6.81, FTSE250: 9,738.50 down 117.80 SmallCap: 3,137.10 up 2.28.
DJI: 12,207.17 down 171.44, NASDAQ: 2,326.20 down 34.72, S&P500: 1,330.61 down 21.46
INTERNATIONAL DEVELOPMENTS:
(Africa)
DAKAR, Jan 25 (Reuters) - High oil prices and the onslaught of resource nationalism from Russia to South America have sent Western majors delving ever deeper into the waters of the Gulf of Guinea, triggering a new scramble for Africa.
http://uk.reuters.com/article/oilRpt/idUKL1447868420080125
(India)
Electromagnetic Geoservices (EMGS) will perform an extensive multiclient electromagnetic (EM) scanning survey to search for commercial hydrocarbon deposits in the Krishna-Godavari basin, ahead of India's seventh New Exploration Licensing Policy round (NELP 7).
http://www.energycurrent.com/index.php?id=2&storyid=8392
REGIONAL DEVELOPMENTS:
(Argentina)
MADRID, Jan. 25, 2008 (Thomson Financial delivered by Newstex) -- Axa (NYSE:AXA) has declared a 4.213 pct stake in Repsol YPF (NYSE:REP PRA) , according to a filing with bourse regulator CNMV.
http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-22516942.htm
A man pleaded guilty to acting as an illegal foreign agent on behalf of Venezuelan President Hugo Chavez's intelligence agency in covering up a plot to influence Argentina's presidential election.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aXtFmhgZODMg&refer=latin_america
Repsol-YPF SA made a natural gas discovery with its Kinteroni X1 exploration well, drille on Block 57 in Peru near the Camisea project.
http://www.ogj.com/display_article/318285/120/ARTCL/none/ExplD/1/Repsol-YPF-makes-gas-find-in-Peru-near-Camisea/
(Bolivia)
Evo Morales, Bolivia's first-ever indigenous president, has already met the targets of many of his programs in the first two years of his four-year term.
http://www.china.org.cn/english/international/240479.htm
(Brazil)
Brazil's state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell PLC (RDSA) and at least three other companies have made proposals to buy ExxonMobil Corp.'s (XOM) Brazilian downstream assets, the Valor newspaper reported Friday.
http://money.cnn.com/news/newsfeeds/articles/djf500/200801250755DOWJONESDJONLINE000514_FORTUNE5.htm
Threadneedle Latin America aims to achieve capital growth through investing mainly in equities in the region or in companies that have significant Latin American operations.
http://www.ft.com/cms/s/0/30767872-cae8-11dc-a960-000077b07658.html
At least five companies, including Brazil's state energy firm Petrobras and Royal Dutch Shell have made proposals to buy Exxon Mobil's downstream assets in Brazil, a local newspaper reported Friday...
http://www.energyintel.com/DocumentDetail.asp?document_id=222318
(Chile)
VANCOUVER, BRITISH COLUMBIA, Jan 23, 2008 (MARKET WIRE via COMTEX) -- MX | news | PowerRating | PR Charts -- Methanex Corporation (TSX: MX)(NASDAQ: MEOH)(SANTIAGO: Methanex) –
http://www.tradingmarkets.com/.site/news/Stock%20News/1020913/
(Ecuador)
Ecuador's state energy company PetroEcuador Tuesday said three major energy companies -- Schlumberger, Halliburton and Baker -- are in the bidding for contracts worth a total of 1 billion U.S. dollars over the next three years in Ecuadorian oil fields.
http://www.tradingmarkets.com/.site/news/Stock%20News/1015151/
Ecuador's state oil company Petroecuador invited four companies to bid on oil service contracts next month, Petroecuador President Fernando Zurita said last Tuesday...
http://www.energyintel.com/DocumentDetail.asp?document_id=222312
(Mexico)
Mexico's state oil company Pemex released its production figures for 2007, revealing an increase in natural gas, petrochemicals and petroleum products, along with a slight decline in crude oil production.
http://www.energycurrent.com/index.php?id=4&storyid=8401
Mexican senators expect to have a proposal ready in April for an energy reform aimed at revitalizing the sector and possibly bringing vital deepwater Gulf of Mexico oil within reach, a senior legislator said.
http://uk.reuters.com/article/oilRpt/idUKN2433382320080124
(Peru)
2008-01-24 06:10:32 Peru to upgrade Talara refinery, boost output; cost estimated at 1 bln usd
LIMA, Peru (Thopmson Financial) - State-owned Petroperu plans to modernize its largest oil refinery this year in a project that will increase output by nearly 50 percent, the company announced Wednesday.
http://www.hemscott.com/news/latest-news/item.do?newsId=57266947519045
Petroperu will search for a partner and shift its focus toward the mining sector as part of its strategy for a $1bn (€680m) petrochemical plant it plans to build in the country with Brazil's Petrobras, company President Cesar Gutierrez said on Friday.
http://www.icis.com/Articles/2008/01/25/9095948/petroperu-petrobras-petchem-plan-eyes-mining.html
(Venezuela)
Fitch Ratings has affirmed and removed from Rating Watch Negative FertiNitro Finance Inc.'s (FertiNitro) 'CCC' rated US$250 million 8.29% secured bonds due 2020. The Rating Outlook is Stable. The rating affirmation with a Stable Outlook reflects the political and operational risk, even in an environment of high urea and ammonia prices.
http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20080124005845&newsLang=en
Similarly to the previous months, Venezuelan crude oil shipments to the United States slightly increased in November compared to the previous year, and particularly to November 2006, but byproducts exports reinforced their downward trend.
http://english.eluniversal.com/2008/01/25/en_eco_art_venezuelan-crude-oil_25A1330761.shtml
LOCAL DEVELOPMENTS:
LOCAL LINKS:
http://www.fogl.com
http://www.desireplc.co.uk
http://www.bordersandsouthern.com
http://www.rockhopperexploration.co.uk
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