Oil – Looking for profits in the oil and natural gas space? Look no further than shale plays, energy service companies and offshore oil drilling opportunities in the U.S., says Byron King of Agora Financial LLC. In this interview with The Energy Report, King discusses how dwindling exports to the U.S. from Latin America, Africa and the Middle East are shifting the supply and demand equation across the world. King also names companies in the service space with solid prospects for investors.
Articles Tagged "BP"
The Alternative Investment Market (AIM) in London was up 1.92 points, at 727.14, on May 17.
Oil – Bloomberg reported that the oilfield of the future could be found 2 miles underwater as major oil companies are now investing more and more money to operate undersea. Spending on valves, cables, and pipelines for subsea use could reach up to $13.9B and equipment makers are positioned to gain from it.
Oil – Bloomberg reported that BP Plc has asked US District Judge Carl Barbier to stop some payments under the $8.5B oil spill settlement saying that the administrator is misinterpreting damage claims thus exposing the company to hundreds of millions of dollars worth of fictitious losses.
Oil – The death of Hugo Chavez and the prospect of a regime change in Venezuela are likely to attract investor interest in the short term.
Oil – Bloomberg reported that BP Plc won a bid to access the $750M insurance of Transocean Ltd to pay the costs of the 2010 oil spill in the Gulf of Mexico.
Oil – Reuters reported that trial of BP Plc for the Deepwater Horizon spill has begun on Monday. Government agencies, businesses, and individuals have blamed the company for the worst offshore oil spill in US history, which killed 11 oil rig workers and spilled 4 million barrels of oil.
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Gas – Bloomberg reported that BP and Reliance intend to invest $5 billion in India's largest natural gas field in an effort to boost output.
Gas – Reuters reported that Azerbaijan has extended the production sharing agreement for the Shah Deniz gas project for an additional five years in move to strengthen ties with BP.