Tag: Oil
10 October 2014 - 16:48, by , in Market Update, News, Comments off
Economic weakness out of Europe coupled with strong job data out of the U.S. has the dollar soaring against the Euro. As a result of a strong dollar, the commodities markets are selling off aggressively as investors take risk off the table including the global equity markets. In addition, weakness out of Europe, China’s biggest...

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  • Noreco to buy Shell Denmark upstream unit for $1.9 billion
    Norwegian Energy Co. ASA (Noreco) has acquired from Royal Dutch Shell PLC the company’s upstream interests in Denmark via its shares in Shell Olie-og Gasudvinding Danmark BV (SOGU) in a deal valued at $1.9 billion. SOGU, a wholly owned Shell subsidiary, holds a 36.8% non-operating interest in the Danish Underground Consortium (DUC).
  • Crimson Midstream, MPLX launch open season for Swordfish line
    Crimson Midstream and MPLX have launched a binding open season to assess interest and solicit commitments from prospective shippers for crude oil transportation service on the Swordfish Pipeline. The pipeline is being developed to connect existing terminal facilities in St. James, La., and Raceland, La., to the Louisiana Offshore Oil Port terminal facility in Clovelly, […]
  • Wintershall granted drilling permit in the Norwegian Sea
    Wintershall Norge AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 6706/6-2 S in the Norwegian Sea. The well will be drilled using Transocean Ltd.’s Transocean Spitsbergen ultradeepwater semisubmersible drilling rig about 7 km northwest of the 6706/6-1 (Hvitveis) natural gas discovery made in 2003.