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.
Oil and Gas Market ,Opec Oil and Gas market prices Saudi Arabia Aramco Shell BP Petroleum ELF ,brent , crude NIMEX Gulf Emirates Kuwait Iraq Iran UAE Angola Russia cartel
Wednesday, November 24, 2010
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."
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.
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.
Subscribe to:
Posts (Atom)
