Hotspots for oil investments – Africa and the Atlantic

Tudor, Pickering and Holt LLC, leading energy investment bank, recently declared that the political agitations prevailing in North Africa has made many oil exploration and production investors shift their focus towards South America and Africa. Anish Kapadia, the director of London Bank, recently mentioned in an interview that the eastern parts of Africa have commenced an offering of quite...
read more

Hike in Food and Energy prices and the rise of the Price Index

Inflation has hit new highs with the increase in food and energy prices across the world. Indeed, it is a very disturbing scenario, since most of the world economy is already reeling under the effects of the economic recession which has shattered worldwide economies. With the start of the economic depression, the world’s economies have been badly hit, with the common man finding it very...
read more

Today in Oil News 2/26/11

An order to pay $8.5 billion to Chevron Oil giant Chevron has been ordered to pay in pollution damages more than $8.5 billion by a court in Ecuador. The company agreed to pay $2.7 billion for a well-support department of Britain’s John Wood Group PLC. It is a very big operation, with around 3,700 employees across the world and about $1 billion of annual revenue. This company specializes in...
read more

With Mideast Unrest, Foreign Investment Is Again Interrupted

Due to the unrest and revolts going on in Mideast countries, the markets of these countries have faced terrible losses. Foreign buyers and investors, because of the unrest, have shown reluctance and resistance in showing any kind of interest in their market. Lately, with the gradual settlement of revolts and fights, the market has slightly started picking up momentum. After 2 years of stagnancy,...
read more

Oil and Water Mixing in South Texas

The major oil deposits in South Texas are being called the Eagle Ford Shell, and the best part is that they promise lots of oil and money to the people of South Texas. The oil deposits situation in South Texas is becoming a little vague, while some of the residents are witnessing production of 1,750 barrels of oil per day from their oil wells, others have to see their oil wells going dry with...
read more