THE ASSOCIATED PRESS: Oil major BP confirms Chinese investment fund has accumulated one per cent stake Published: Tuesday, April 15, 2008 | 10:17 AM ET Canadian Press: Jane Wardell, THE ASSOCIATED PRESS LONDON – A Chinese investment fund has accumulated a stake of just under one per cent in British oil company BP PLC, the [...]
Posts on ‘April 15th, 2008’
Oil sets new high above $113 a barrel
Associated Press: Oil sets new high above $113 a barrel By GEORGE JAHN Associated Press Writer Tuesday 15 April 2008 VIENNA, Austria – Oil prices set yet another intraday trading record Tuesday, surging close to $114 a barrel as the U.S. dollar fell and crude oil shipments along one U.S. pipeline were said to be [...]
BG shares surge on Petrobras oil find off Brazil
Times Online: BG shares surge on Petrobras oil find off Brazil April 15, 2008 Kevin Crowley Shares in BG Group shot up this morning after Brazil’s Petrobras discovered potentially the biggest oil field to be found in 30 years. BG, with 30 per cent stake in the field, saw its share price rise 5.16 per [...]
Shell shocked
Times Online: Tempus: Shell shocked April 15, 2008 Robin Pagnamenta Executives at Shell must be biting their nails in frustration. Reports overnight indicating that the Carioca oilfield offshore Brazil could contain as much as 33 billion barrels of oil — making it the biggest discovery in 30 years — may still be unconfirmed but they [...]
Chinese fund builds up £1bn stake in BP: development ‘closely watched by Downing Street’
China is dependent on being able to import oil to power its rapid development Daily Telegraph: Chinese fund builds up £1bn stake in BP Last Updated: 2:23am BST 15/04/2008 Beijing’s share-buying in Britain’s largest company, which has so far reached nearly 1pc, is being closely watched by Downing Street. Katherine Griffiths reports A Chinese sovereign [...]
Controversy mires choice for Goldman Prize
San Francisco Chronicle: Controversy mires choice for Goldman Prize Tyche Hendricks, Chronicle Staff Writer Tuesday, April 15, 2008 San Francisco — The award Monday of the Goldman Environmental Prize to a pair of Ecuadoran activists fighting Chevron Corp. to clean up oil contamination in the Amazon rain forest brought a raging controversy over an international [...]
Oil Rises to Record as Falling Dollar Prompts Commodity Buying
Bloomberg: Oil Rises to Record as Falling Dollar Prompts Commodity Buying By Christian Schmollinger April 15 (Bloomberg) — Crude oil rose to a record on speculation the dollar will extend declines and China will report economic growth of more than 10 percent in the first quarter. Oil for May delivery climbed as much as 72 [...]
Russian Oil Slump Stirs Supply Jitters
THE WALL STREET JOURNAL: Russian Oil Slump Stirs Supply Jitters Production Decline Is First in 10 Years; Squeeze in Siberia By GUY CHAZAN and NEIL KING JR. April 15, 2008 Russian oil production, for years a vital source of new supplies for world markets, is showing signs of a slump, adding to uncertainties that have [...]
China builds stake in BP
Financial Times: China builds stake in BP Published: April 15 2008 03:00 | Last updated: April 15 2008 03:00 China has built up a stake of about 1 per cent in BP via a sovereign wealth fund. The stock market value of the stake is estimated to be about £1bn. The move follows the purchase [...]
Russia a prime location for retail invasion
Financial Times: Russia a prime location for retail invasion By Alistair Gray Published: April 15 2008 03:16 | Last updated: April 15 2008 03:16 British retailers, facing fragile prospects in their domestic markets, may be missing out on a “unique” expansion opportunity offered by Russia, according to senior figures at Ernst & Young and KPMG. [...]
Fears emerge over Russia’s oil output
Financial Times: Fears emerge over Russia’s oil output By Carola Hoyos and Javier Blas in London Published: April 14 2008 22:10 | Last updated: April 15 2008 07:40 Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest [...]
Oil Rises to Trading Record Above $112
THE NEW YORK TIMES: Oil Rises to Trading Record Above $112 By THE ASSOCIATED PRESS Published: April 15, 2008 Filed at 12:54 a.m. ET SINGAPORE (AP) — Oil prices rose to an intraday trading record above $112 a barrel Tuesday after the U.S. dollar fell further and crude supplies to the U.S. and elsewhere [...]
Iraq opens door to foreign contracts at major oil fields
Iraq can reach a geologic potential of 10m barrels a day with substantial foreign investment. But output will depend on security improvements (Daily Telegraph image) Daily Telegraph: Iraq opens door to foreign contracts at major oil fields By Damien McElroy, Foreign Affairs Correspondent Last Updated: 2:23am BST 15/04/2008 Foreign oil companies are poised to enter [...]
Biofuel rules ‘could make millions homeless’
Daily Telegraph: Biofuel rules ‘could make millions homeless’ By Charles Clover, Environment Editor Last Updated: 12:01am BST 15/04/2008 Millions of people face eviction from their land to satisfy demand unleashed by new rules requiring petrol and diesel from today to include a proportion of plant-based “bio-fuels” according to protesters. The aid charity, Oxfam, has warned [...]
Oil Prices: Anyone To Be Blamed But Shell
neftegaz.ru: Oil Prices: Anyone To Be Blamed But Shell 15.04.2008 08:59 Shell Oil Co. president said Monday his industry isn’t to blame for the soaring prices of gasoline and said America must produce for more domestic oil even in spite of the fact that biofuels and other alternative sources gather pace. Regarding an alternative-fuels [...]


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