Gulf Oil and Gas accountACCOUNT

Financials and Investment News

Balance of Supply and Demand - July 08
Austria >> 7/15/2008 - Estimate for 2008
Demand for OPEC crude in 2008 is expected to average 31.95 mb/d, representing a decline of 90 tb/d over the previous year. On a quarterly basis, demand for OPEC crude is ...
Sipchem Realizes SR 365 Million In Net Profits During The First Half of 2008
Saudi Arabia >> 7/6/2008 - Saudi International Petrochemical Company (Sipchem) announced the financial results for the first half of the fiscal year 2008. During this period, Sipchem realized SR 365 million in net profits marki...
BG Group Announces A$13.8 Billion Takeover Bid for Origin Energy
Australia >> 6/24/2008 - BG Group plc announced its intention to acquire all of the issued shares in Origin Energy Limited at A$15.50 cash per share by way of a formal off-market takeover bid. The all-cash bid capitalises Ori...
Horizon Oil Acquires Additional Interests in PRL 4 and PRL 5, Papua New Guinea
Papua-New Guinea >> 6/19/2008 - Horizon Oil advised that InterOil Corporation has agreed to sell its 43.130% interest in PRL 4, which contains the Stanley gas/condensate discovery, and its 28.576% interest in PRL 5, which contains t...
Kosmos Energy Announces $500 Million Equity Funding
Ghana >> 6/19/2008 - Kosmos Energy announced that the company has secured an additional $500 million equity funding program led by Warburg Pincus and Blackstone Capital Partners (an affiliate of The Blackstone Group), two...
Sakhalin Energy secures $5.3 billion in largest Russian project finance deal
Russia >> 6/16/2008 - Sakhalin Energy Investment Company Ltd., the Japan Bank for International Cooperation (JBIC) and a consortium of international commercial banks signed a project finance contract for Phase 2 of the wor...
Stock Movements - June 08
Austria >> 6/13/2008 - USA
US total commercial oil stocks did not follow their seasonal start since the beginning of the year and remained almost stable in May to move below the five-year average for the first t...
Oil Trade - June 08
Austria >> 6/13/2008 - OECD
OECD crude oil imports fell by a margin of 116,000 b/d or 0.38% in April compared to the previous month, reaching 30.28 mb/d according to preliminary data. April crude oil imports ind...
Commodity Markets - June 08
Austria >> 6/13/2008 - Trends in selected commodity markets
According to the IMF the total commodity index increased by 7.4% in May m-o-m, which was entirely due to the rally seen in the crude oil and natural ga...
Oil market outlook for second half of 2008
Austria >> 6/13/2008 - Oil prices experienced a record jump of nearly $11/b on 6 June to reach a new all-time high of almost $140/b, driven upward by speculative pressure and geopolitical concerns. This large increase came ...
Highlights of the World Economy - June 08
Austria >> 6/13/2008 - Industrialised countries
United States of America
Despite an upward revision to 1Q GDP from 0.6% to 0.9%, on stronger export growth, with net trade contributing 0.8 percentage ...
Oil Market Highlights - June 08
Austria >> 6/13/2008 - Market volatility was dominated by a number a factors in May, primarily speculative pressure, fluctuations in the US dollar and geopolitical concerns. A strike by port workers in France disrupting pet...
World Oil Demand - June 08
Austria >> 6/13/2008 - World oil demand in 2008
Consumption of winter products declined in the first quarter in the OECD as a result of the below normal winter temperatures. In addition, in the OECD, especially ...
World Oil Supply - June 08
Austria >> 6/13/2008 - Non-OPEC
Estimate for 2007
Non-OPEC supply in 2007 is estimated to have increased by 0.56 mb/d over the previous year to reach 49.43 mb/d, unchanged from last month’s assessmen...
Balance of Supply and Demand - June 08
Austria >> 6/13/2008 - Estimate for 2007
Demand for OPEC crude in 2007 is estimated to average 31.95 mb/d, an increase of 260 tb/d over the 2006 figure. On a quarterly basis, demand for OPEC crude averaged 31.86...
Crude Oil Price Movements - June 08
Austria >> 6/13/2008 - OPEC Reference Basket
The first few days in the month emerged in a volatile note as supply from West Africa was restored while the US dollar recovery prompted slower investment in the petr...
The Oil Futures Market - June 08
Austria >> 6/13/2008 - Crude oil futures remained volatile in the first week of May amid the Fed’s Reserve interest rate cut which helped the US dollar to rebound against major currencies, yet a further potential rate was e...
Product Markets and Refinery Operations - June 08
Austria >> 6/13/2008 - The persistent escalation in crude oil prices overshadowed positive developments in the product markets and undermined refining margins in Europe and Asia. The continuation of such circumstances in th...
The Tanker Market - June 08
Austria >> 6/13/2008 - Global and OPEC spot fixtures decreased according to preliminary data, with global spot fixtures declining 2% to stand at 20.4 mb/d in May compared to the previous month. OPEC spot fixtures fell by 4%...
Lukoil net income rose by 143.5 in the first quarter of 2008
Russia >> 6/4/2008 - Lukoil net income reached $3,163 million in the first quarter of 2008, which is an increase of 143.5% y-o-y. EBITDA was $4,846 million, which is 99.3% higher y-o-y. Revenue from sales rose by 59.4%, t...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.