Argus's head of U.S. operations, said Thursday Euan Craik, Latin America and the Middle East, major oil companies have stated their positions, said there is "strong interest" to switch to Argus of the US. Sour Crude Index (ASCI) index, as its exports of crude oil price benchmarks. Earlier, Saudi Arabia has decided to use the index.
Craik refused to disclose the country is considering making changes name, but he described that (their) interest is "unprecedented." "It feels like an upheaval. From our experience point of view, as it is an unprecedented event." Craik said in a telephone interview.
Last week, Saudi Arabia to give up the West Texas Intermediate crude oil (WTI) crude oil price as the price of its exported to the U.S. benchmark WTI U.S. Gulf of Mexico area due to the market environment increasingly out of touch people feel frustrated. Saudi Arabia to switch to English Argus index Argus company is a major success, the company for the physical energy market price assessment of the competitors, including the McGraw-Hill's cause of Platts.
Nov. 7, 2009
Rumaila oil will become the largest producer of the world's No. 2 oil field
According to media reports in Baghdad, Europe's No. 2 oil company British Petroleum (BP) and the Chinese oil giant China National Petroleum Corporation (CNPC), today in Baghdad with Iraq's state-owned Southern Oil Company (SOC) signed a technical services contract to expand is located in the vicinity of Basra in southern Iraq Rumaila field's oil output. British BP and China's CNPC is held in Iraq in June this year, the post-war development of the first round of bidding to get a contract Rumaila oil fields, and after 4 months of negotiations, the two sides finally signed on November 3 Rumaila oil fields in the development a final agreement.
By BP (owned 38% shares), China Petroleum (which holds 37% stake) and the Iraqi government on behalf of the Iraqi State Oil Marketing Organization (SOMO / has a 25% stake), an international consortium has agreed to Rumaila field's daily oil for more than two-fold increase in production to reach 3 million barrels of daily output of oil around that time, Iraq's Rumaila oil fields will become the world's first two large-scale production fields.
Nov. 5, 2009
By BP (owned 38% shares), China Petroleum (which holds 37% stake) and the Iraqi government on behalf of the Iraqi State Oil Marketing Organization (SOMO / has a 25% stake), an international consortium has agreed to Rumaila field's daily oil for more than two-fold increase in production to reach 3 million barrels of daily output of oil around that time, Iraq's Rumaila oil fields will become the world's first two large-scale production fields.
Nov. 5, 2009
BHP Billiton was an important oil discovery in the Gulf of Mexico
October 31, according to media reports, the world's largest mining company BHP Billiton, Australia October 30 spokesman said the company recently in the two existing wells in the Gulf of Mexico has gained significant oil discovery.
The spokesman said, the international consortium is held by Australia's BHP Billiton operator of the Shenzi field two existing wells - Shenzi-G104 wells and Shenzi-8 Well - were found in the thickness of 170 m and 30 m reservoir. According to the spokesman, this is two existing wells are ultra-deep, depth of more than 7800 meters.
In the Shenzi oil field, the Australian BHP Billiton has a 44% stake in Spain's Repsol, U.S. Hess Corporation each own 28% of the shares.
Nov. 2, 2009
The spokesman said, the international consortium is held by Australia's BHP Billiton operator of the Shenzi field two existing wells - Shenzi-G104 wells and Shenzi-8 Well - were found in the thickness of 170 m and 30 m reservoir. According to the spokesman, this is two existing wells are ultra-deep, depth of more than 7800 meters.
In the Shenzi oil field, the Australian BHP Billiton has a 44% stake in Spain's Repsol, U.S. Hess Corporation each own 28% of the shares.
Nov. 2, 2009
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