Sinopec Group Sets Up New Oilfield Service Unit in Beijing – Wall Street Journal (India)

Sinopec Group Sets Up New Oilfield Service Unit in Beijing
Wall Street Journal (India)
HONG KONG–State-owned China Petrochemical Corp., also known as Sinopec Group, has set up a new oilfield service company in Beijing as it seeks to tap the rise in Chinese and overseas exploration and production activities. Exploration and production
Sinopec raises oilfield services gameUpstream Online
Sinopec sets up oilfield service arm ahead of listingReuters

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Production Begins at Venezuela’s Rich Carabobo Oil Field – Latin American Herald Tribune


Latin American Herald Tribune
Production Begins at Venezuela's Rich Carabobo Oil Field
Latin American Herald Tribune
CARACAS – The first well in the Carabobo field of Venezuela's oil-rich Orinoco Belt began pumping extra-heavy crude after a launch ceremony attended by the country's energy minister and the CEO of Spain's Repsol, a partner in the project. Energy

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Oil price forecast an average $110 in 2013 – Tulsa World


Press TV
Oil price forecast an average $110 in 2013
Tulsa World
WTI has averaged $17.47 a barrel less this year than Brent crude, the North Sea-sourced benchmark for Atlantic basin oils. That's a record discount in annual terms, as new output floods into tanks at the U.S. storage hub in Cushing. The price
Oil follows stocks lower as US leaders meet for last-minute talks to avoid the Washington Post
Oil prices rise ahead of US fiscal-cliff talksSTLtoday.com
Disparity in Oil Prices Proves PeskyWall Street Journal
Press TV
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Oil price hovers near monthly high of $111 – ArabianBusiness.com


ArabianBusiness.com
Oil price hovers near monthly high of $111
ArabianBusiness.com
Brent crude hovered near $111 per barrel on Friday, not far off its highest this month, as US lawmakers launched a last-chance round of budget talks to stop the world's largest oil consumer slipping back into recession. Brent crude edged 16 cents down
Oil and gas price forecast for 2013SmartPlanet.com (blog)
MARKET WATCH: Energy prices jump, with crude topping $90/bblOil & Gas Journal
Crude oil price of Indian Basket increasesindiablooms
UPI.com –NASDAQ –Resource Investing News
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Oil Prices Retreat as Budget Uncertainty Continues – Fox Business


Victoria Times Colonist
Oil Prices Retreat as Budget Uncertainty Continues
Fox Business
Oil prices eased in choppy trading on Thursday, buffeted by unresolved U.S. budget talks and the possibility that looming tax increases and spending cuts could push the top oil-consuming economy into recession. Crude futures briefly turned higher, then
Oil prices rising on hopes for positive 'fiscal cliff' talksMy Fox 8
Oil price falls amid 'fiscal cliff' pessimism, lower consumer confidenceVictoria Times Colonist
Oil: Price falls with consumer confidence, budget impasseTulsa World
CBS Moneywatch –MarketWatch
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PSC consultants: WAPA’s claim oil prices cause LEAC increases is ‘simply … – Virgin Islands Daily News


Virgin Islands Daily News
PSC consultants: WAPA's claim oil prices cause LEAC increases is 'simply
Virgin Islands Daily News
ST. THOMAS – The V.I. Water and Power Authority has provided information that is "inaccurate at best and misleading at worst" regarding the territory's soaring electricity rates, according to a new report from a consulting firm hired by the V.I. Public

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New hopes of pricing reform for oil and gas – EastDay.com

New hopes of pricing reform for oil and gas
EastDay.com
Market pricing would benefit energy giants such as Sinopec Corp, Asia's largest fuel refiner, and PetroChina Co, the country's largest gas importer. THE new year brings renewed hopes that China will take more serious action on reforming pricing for oil
PetroChina's String Of Acquisitions Moving Towards IraqSeeking Alpha

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Energy Independence is Nothing but an Illusion in the Modern World – OilPrice.com


Christian Science Monitor
Energy Independence is Nothing but an Illusion in the Modern World
OilPrice.com
Anyone who tells you that energy independence can be achieved based on globally traded commodities such as oil, coal and natural gas is either trying to mislead you or doesn't understand the structure of energy markets. As of 2011 fossil fuels produced
ALEX MILLS: Tight oil plays contribute to forecast for energy production San Angelo Standard Times

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Oil rises on housing data, ‘fiscal cliff’ talks – The Seattle Times


CBC.ca
Oil rises on housing data, 'fiscal cliff' talks
The Seattle Times
The price of oil rose sharply Wednesday on higher U.S. home prices and hopes of a budget deal in Washington. U.S. benchmark crude jumped $2.37, or 2.7 percent, to finish at $90.98 per barrel in thin post-Christmas trading in New York. U.S. home prices
Peak oil group presses EIA to temper optimistic crude outlookPlatts

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Statoil awards subsea equipment order to FMC Technologies – Oil & Gas Financial Journal


PennEnergy
Statoil awards subsea equipment order to FMC Technologies
Oil & Gas Financial Journal
Energy industry technology solutions provider FMC Technologies Inc. was awarded a $33 million contract by Statoil for the supply of 10 production risers and tieback connectors for the Snorre field. The project scope continues to increase as FTI has
FMC Technologies Receives $33 Million Subsea Equipment Order for Statoil's PR Newswire (press release)

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New Times Energy enters EOR business in PetroChina’s Liaohe oilfield – PennEnergy (press release)


PennEnergy (press release)
New Times Energy enters EOR business in PetroChina's Liaohe oilfield
PennEnergy (press release)
Liaohe Oilfield, a state-owned enterprise, is engaged in the exploitation, development and sales of oil and gas. It is the seventh largest oil field in China and its current annual crude oil production amounts to over 10 million tonnes, while natural

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Oil prices rally on budget hopes, supply fears – MarketWatch


CBS Moneywatch
Oil prices rally on budget hopes, supply fears
MarketWatch
But Ashby pointed out there's a wide range in oilprice projections for next year, with expectations coming in between $85 to $115 a barrel. “It reflects not only the difficulty of predicting a market like oil where there are so many influences that
Oil prices rise as "fiscal cliff" talks to resumeCBS News
Oil prices rise on housing data, "fiscal cliff" talksCBS Moneywatch
Oil Rises on Housing Data, 'Fiscal Cliff' TalksABC News
UPI.com –Washington Post
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