Falklands : Hydrocarbons Daily Record Monday, 28 April 2008
Submitted by Falkland Islands News Network (Juanita Brock) 29.04.2008 (Article Archived on 13.05.2008)
Today’s price increases are due to the refinery strike in Scotland, attacks on Nigerian pipelines, and oil speculators.
HYDROCARBONS DAILY RECORD MONDAY, 28 APRIL 2008
By J. Brock (FINN)
At 1900hrs LMT on Monday, 28 April 2008 Light Sweet Crude was trading at $118.75 up 73 Cents on the New York Mercantile Exchange. Brent Crude was trading at $117.06 up 73 Cents on London’s ICE Futures Market.
ANALYSIS:
Today’s price increases are due to the refinery strike in Scotland, attacks on Nigerian pipelines, and oil speculators.
Related Articles:
(Scotland Strike)
A strike over pensions at a major British oil refinery ran through a second day Monday, causing panic at filling-station pumps and propelling world oil prices to another record high.
http://afp.google.com/article/ALeqM5h5K9vXJCwJjvOZhPUWOceSK7ZeSQ
(Economy)
If you're a poor sap who needs to eat or drive in the near future, then you might want to consider taking out a second mortgage (assuming you could even get one) pretty soon.
http://edition.cnn.com/2008/US/04/24/beck.oil.prices/?imw=Y&iref=mpstoryemail
SHARE PRICES ON THE ALTERNATIVE INVESTMENT MARKET: Monday, 28 April 2008.
TLW: 764.50 up 7.50, DES: 93.50 up 1.00, FOGL: 130.00 up 0.50, RKH: 103.50 up 0.50, BOR: 84.75 up 1.50, PRE: 11.75 unchanged, GBP: 7.30 down 0.88 GPK: 389.50 unchanged, BLT 1887.00 up 27.00 RDSA: 1941.00 down 4.00 RDSB: 1923.00 down 3.00
New York Stock Exchange:
XOM: 92.52 up 0.06 (USD)
THE MARKETS (28/04/08)
FTSE100: 6,090.40 down 0.97, FTSE250: 10,117.50 up 96.46, SmallCap: 3,145.10 up 11.25
DJI: 12,871.75 down 20.11 NASDAQ: 2,424.40 up 1.47 S&P500: 1,396.37 down 1.47
INTERNATIONAL DEVELOPMENTS:
(Aruba)
Repairs to the crude oil vacuum distillation unit at Valero Energy Corp's (VLO.N: Quote, Profile, Research) 275,000 barrel per day Aruba refinery are expected to finish by mid-May, according to sources familiar with refinery operations.
http://www.reuters.com/article/marketsNews/idUSN2850256220080428
(Congo)
Total (TOTF.PA: Quote, Profile, Research) on Monday said it had started production at the 90,000-barrel-a-day Moho Bilondo offshore oil field in the Republic of Congo, an important step for the French major to meet a target to increase hydrocarbons production in 2008.
http://www.reuters.com/article/rbssEnergyNews/idUSL288885720080428
(Uzbekistan)
TASHKENT, Apr 26, 2008 (Asia Pulse Data Source via COMTEX) -- -- Board of directors of Russian oil giant company Lukoil held its meeting in Tashkent on 24 April to consider realization of its projects in Uzbekistan.
http://www.tradingmarkets.com/.site/news/Stock%20News/1446768/
(United Kingdom)
You would have to look hard to find the thin black line that keeps Scotland moving - a pipeline buried between Cruden Bay and Grangemouth. We start to notice it only when it is switched off, and learn it has been steam-driven all these years. For a two-day strike, not only are the unions getting lots of bang for their strike-pay buck, but the consequences have forced us to ask some big questions about an industry located somewhere over the North Sea horizon.
http://www.theherald.co.uk/features/featuresopinon/display.var.2231843.0.Missed_opportunity_of_the_North_Sea_billions.php
REGIONAL DEVELOPMENTS:
(Bolivia)
Currently, employees of the state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB, for its initials in Spanish) claim that organizations with ...
http://www.latinamericapress.org/article.asp?lanCode=1&artCode=5595
The Bolivian government is currently boosting recovery of the nation's oil resources by buying stocks pertaining to Chaco Ltd, Transredes, CLHB warehouses, and Andina oil transnationals.
http://www.plenglish.com/article.asp?ID=%7BAE0AA8EA-530C-466A-BD9C-E103F829EEA6%7D)&language=EN
(Mexico and Venezuela)
When it comes to transparency about revenues and anti-corruption programs, Pemex is best in Latin America, while PDVSA is worst.
http://www.latinbusinesschronicle.com/app/article.aspx?id=2324
(Venezuela)
All of oil and gas Latin American companies, except for Venezuela, are models of transparency in the information released on their revenues, according to the report Promoting Revenue Transparency, prepared by Transparency International.
http://english.eluniversal.com/2008/04/28/en_eco_art_pdvsa-is-not-transpa_28A1543041.shtml
LOCAL DEVELOPMENTS:
April 28 (Bloomberg) -- Borders & Southern Petroleum Plc, a U.K.-based company that explores for oil near the Falkland Islands, rose to a record in London trading on speculation Royal Dutch Shell Plc may make a takeover bid
http://www.bloomberg.com/apps/news?pid=20601102&sid=aQKD96CgNOdg&refer=uk
BHP Billiton Ltd., the world's biggest mining company, added 2.2 percent to 1,890 pence. Copper advanced 0.6 percent on the London Metal Exchange.
http://www.bloomberg.com/apps/news?pid=20601102&sid=amq5c_wc.Xww&refer=uk
The Board of Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is pleased to announce the appointment with immediate effect of Oriel Securities Limited as Nominated Adviser and Corporate Broker.
http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1823814&source=RNS
LOCAL LINKS:
http://www.fogl.com
http://www.desireplc.co.uk
http://www.bordersandsouthern.com
http://www.rockhopperexploration.co.uk.
|
