Energy
Cnooc to Buy 50% of Argentina Crude Exporter Bridas Corp. for $3.1 Billion Cnooc Ltd., China’s biggest
offshore oil explorer, said it will invest $3.1 billion for a 50
percent share of Bridas Corporation, giving it a stake in
Argentina’s largest oil exporter.
Oil Falls After in New York U.S. Consumer Sentiment Unexpectedly Declines Crude oil declined for the first
time in three days after a report showed that confidence among
U.S. consumers unexpectedly dropped this month.
Cnooc May Soon Announce Progress of Its Overseas Expansion, Cooperation Cnooc Ltd., China’s biggest
offshore oil explorer, may announce information about the
progress of overseas cooperation “very soon,” said Chairman
Fu Chengyu.
IEA Raises 2010 Crude Oil Demand Estimate on Developing Economies, China The International Energy Agency
raised its forecast for global oil demand this year for a second
month as fuel consumption in Asia rises more than expected.
Shell Said to Shut Hydrocracker After Fault as German Outages Deepen Royal Dutch Shell Plc stopped a
diesel unit at its Godorf oil refinery in Germany after a leak,
two people familiar with the situation said, curbing supplies at
a time of mounting maintenance shutdowns.
Conoco Proposes $13 Billion Development for Ekofisk South, Eldfisk Fields ConocoPhillips, the third-largest
U.S. oil company, proposed development plans for the North Sea
Eldfisk and Ekofisk South fields offshore Norway valued at as
much as $13 billion to prolong their production lives.
OPEC to Keep Quota Unchanged With Oil Above $80, Survey of Analysts Shows OPEC will maintain existing
production quotas next week as prices hold above $80 a barrel
and the group awaits further confirmation of a recovery in
demand, according to a Bloomberg News survey.