Archive | March, 2010

MARKETS: Global deepwater expenditure to reach $167 billion between 2010 and 201

(EnergyAsia, March 31 2010, Tuesday) — Worldwide expenditure within the deepwater sector will total $167 billion between 2010 and 2014 for a 37% increase on the five preceding years, said upstream consultant Douglas-Westwood in a new research report. According to the ‘World Deepwater Market Report 2010-2014’, sector activity will largely remain within the, ‘golden triangle’ […]

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MARKETS: Crude oil still stuck at $80; natural gas falls below $4 for week ending March 26

(EnergyAsia, March 29 2010, Monday) — This article was written By Darrell Delamaide for Crude oil prices still found stubborn resistance above the $80-a-barrel level amid concerns about demand while natural gas continued its decline, to below $4 per million British thermal units, as burgeoning supply from unconventional sources depressed prices. The natural gas […]

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SINGAPORE: Navitas starts up NR-X marine fuels trading platform, offers use of non-dollar currency

(EnergyAsia, March 9 2010, Tuesday) — Following a very successful three-month trial by both bunker fuel suppliers and shipping companies, Singapore-based Navitas Resources Pte Ltd last week launched its NR-X trading platform to serve the bunker and marine fuels markets. Navitas Resources Pte Ltd, a Singapore-based specialist energy and climate commodity trade facilitator, had unveiled […]

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