Tuesday, November 30, 2010

Oil Prices to Climb to $90 a Barrel in 2011 says Neil Beveridge,

Nov. 29 2010 | Neil Beveridge, senior oil analyst at Sanford C. Bernstein, sees oil prices at $90 a barrel in 2011 and $102 in 2012. He speaks to CNBC's Bernard Lo about the demand picture for oil going forward.

Monday, November 29, 2010

Oil 2011 Outlook

Nov. 29 2010 | A look at why oil is the highest conviction commodity trade, with John Stephenson, First Asset Investment Management.

BP Selling 60% Stake in Argentina Producer

FBN's Connell McShane on BP selling its 60% stake in Pan American Energy.

Sunday, November 28, 2010

Oil boom in North Dakota

North Dakota's oil boom has transformed the state's economy - but it is a mixed blessing for local communities.

Saturday, November 27, 2010

It is all about OIL

After years of waiting, Iran has switched on its first nuclear power plant. The country's atomic chief says the Russian-built Bushehr reactor will soon begin pumping electricity to Iranian cities. For more insight, RT talks to journalist Afshin Rattansi.

Friday, November 26, 2010

Oil price down 25 cents to $ 83.61 per barrel

Oil prices declined today on electronic markets in Asia, with the crude duty pay for the crisis triggered by some European countries (Ireland, Spain, Portugal) and which, according to analysts, could have an impact on oil demand. The barrel for delivery in January, is trading at 83.61 cents, down 25 cents (-0.3%) on the Singapore market than yesterday. But no comparison with U.S. markets closed yesterday for Thanksgiving.

Crude Oil potential in Iran and Iraq

MME examines the true oil potential of two of the Middle East's most volatile oil and gas producers.

Thursday, November 25, 2010

BP Oil Spill Incident Commander Killed in Plane Crash



Jim Black, a BP incident commander for the company's Gulf of Mexico oil spill response team, died in a small plane crash near Destin, Fla., on Tuesday night, the company confirmed.

"Jim was a devoted member of our Gulf Coast spill response team and served many years with Amoco and BP. He will be missed by all who knew him and worked with him. Jim and his family are in our thoughts and prayers."

The Coast Guard said the small plane crashed Tuesday about 7:30 p.m. in Choctawhatchee Bay.

Black, whose job at the oil giant was director of operations for the Gulf Coast Restoration Organization, spent a lot of his time during the past several months in and around New Orleans. His work as incident commander for the oil spill response took him to the Joint Incident Command Center in Robert, to another operations center in Houma and often to New Orleans.

He lived in Katy, Texas, and was heading to Destin for the holidays with his sister, Charlene Miller, and the plane's pilot, Gregory Coleman of Cedar Park, Texas. Miller was Coleman's mother-in-law.

Wednesday, November 24, 2010

6 Natural Gas Stocks for 2011

NEW YORK (TheStreet) -- Dan Dicker, senior contributor for TheStreet, argues why he thinks 2011 will be the year for natural gas and reveals his top stock picks.

Tuesday, November 23, 2010

GE Arranges $150M Credit Facility for Oil and Gas Exploration

"GE Energy Financial Services, a unit of GE (NYSE:GE), served as the lead arranged for a $150 million senior secured credit facility to enable a Border to Border Exploration LLC subsidiary in oil and gas exploration throughout Texas.

The private oil and gas exploration company will develop acreage across Tyler, Polk and Jasper counties in east Texas.

Matt Telfer, Border to Border Exploration's CEO said, ""The financing that GE Energy Financial Services is providing will help us accelerate our drilling program, employing operational innovations acquired while drilling over the past three years, We have concentrated on the most oil-prone part of the trend and expect high-volume, naturally flowing wells with rapid payouts.""

The initial borrowing base is set at $55 million.

General Electric closed 1.68 percent lower at $15.76."

Sunday, November 21, 2010

Oil War - Nigeria

At the Delta of Niger River in Nigeria, where a vast proportion of planet's oil is excavated, bomb attacks, abductions and murders form part of daily routine. Nigeria's lucrative oil reserves may have enriched its politicians but they've brought little but misery to ordinary people. Now, a rebel group is fighting for a share of the profits. Nigerians no longer expect help from their own government. It's militia leaders like Asari who are winning their trust.The documentary portrays the image of "development", the way giant multinational petroleum companies would define it. Petroleum leaks in the River destroy flora and fauna, poison the food chain and consequently wipe out the 27 million indigenous people of the area - the Ijaws, the Ogoni and the Itsekiris. The inhabitants dare to ask the self-evident, they demand an end to it. As a response they are massively and brutally attacked by special forces of the army and the police, which are armed by the oil companies. The camera meets at the river militia of the Movement for the Emancipation of the Niger Delta-MEND- and presents to the world for the first time shattering images of their speed boat patrols and of their heavy weaponry.

The Delta of Niger is a lost paradise. As the documentary reveals, it is a place where despite the natural beauty, contemporary "globalized" hell prevails.

Peak Oil

September 2006
Is the age of cheap oil about to come to an end? According to many experts, we are about to reach the point of "peak oil" -- the level at which supply can no longer keep up with demand. This, say the doomsayers, could send economies spinning into turmoil and up-end our comfortable, urban lifestyles. But others claim predictions like this are simply scaremongering. They believe supply will match demand for decades to come. So who's telling the truth? 'Peak Oil' investigates.

Produced by ABC Australia
Distributed by Journeyman Pictures

Evan Smith Likes Oil, Mining and Agriculture Stocks

Nov. 15 (Bloomberg) -- Evan Smith, a portfolio manager at U.S. Global Investors Inc., discusses his investment strategy for commodities and some of his stock holdings including CF Industries Holdings Inc. and Massey Energy Co. Smith speaks with Margaret Brennan on Bloomberg Television's "InBusiness." (Source: Bloomberg)

Friday, November 19, 2010

Inside the Pickens Plan

Nov. 17 2010 | Insight on shifting from diesel to natural gas, with T. Boone Pickens, BP Capital Mgmt.

Wednesday, November 17, 2010

T. Boone Pickens, Reducing Hunger For Oil

Nov. 17 2010 | Discussing his crusade to reduce national dependence on foreign oil, with T. Boone Pickens, BP Capital Mgmt.

Thursday, November 11, 2010

Jim Cramer : $100 Oil by Year End

NEW YORK (TheStreet) - - Jim Cramer believes crude oil will reach $100 by year end. It worries him.



Jim Cramer :...... China does have tremendous demand for oil but the world to Washington. So I mean just -- price doesn't reflect. How much there is for sale. We know that from nordic tankers in the world and so the prices artificially climate. Short term term it's gonna be higher.

And you don't have to adjust to that but right now does not being hampered and on and there should be big -- natural natural gas by the way.

At the pump what had. -- all these reservations but natural silly. But trucking companies who get immediate payback it would switch to natural trucks. Off and if -- switch to natural gas -- system so much natural -- You would at least -- real competitor oil and you wouldn't be sending dollars overseas. War. I noticed that describe it that that's gonna happen it will get -- its -- gonna be a lot of switching......

Wednesday, November 10, 2010

Monday, November 8, 2010

White House : Cost cutting didnt cause oil BP oil spill

White House : Cost cutting didn't cause oil BP oil spill
A White House panel chief investigating the oil spill in April says the BP did not compromise safety not to save money.
Al Jazeera's John Terrett reports.

Sunday, November 7, 2010

Wednesday, November 3, 2010

Petrobras CEO on The Economy

Wed. Nov. 3 2010 | Discussing the company's oil exploration plans and Brazil's new president, with Jose Sergio Gabrielli, Petrobras CEO.

OIL & GAS MARKET