petroleumworld

Stories: 2008

March 1 - 15

Oil hits new high of nearly 112 dollars

SINGAPORE
Petroleumworld.com March 17, 2008

Oil soared to new highs near 112 dollars in Asian trading Monday as the US currency slumped to a fresh low against the euro, sparking a rush of funds into commodities including crude, dealers said.- story

Oil prices hold near record highs - story

OPEC maintains estimate for world oil demand in 2008 - story

Venezuelan oil company shifts to euro - story

Iran wants Brazil's Petrobras involved in its oil sector - story

Maurel et Prom says two Colombian wells produce 950 bpd, 800 bpd in tests - story

Bolivia's YPFB to invest in petchems, drive economic growth: CEO - story

Oil hits record 111 dlrs as price rally accelerates

NEW YORK
Petroleumworld.com March 14, 2008- story

US still eyeing Venezuela over
alleged FARC support: Rice

Reuters/Jamil Bittar

Brazil's President Luiz Inacio Lula da Silva (R) gestures as U.S. Secretary of the State Condoleezza Rice looks on at Planalto Palace in Brasilia, March 13, 2008.

BRASILIA
Petroleumworld.com March 14, 2008- story

Oil down from record high but still on the boil - story

US administration defends strong dollar as it plunges - story

Wall Street pulls out of tailspin, sees modest gains - story

US sees no breakthrough in NKorea nuclear talks - story

Ahmadinejad labels US 'enemies of all humanity' - story

Gold reaches record high 1,000 dollars - story

Saudi foreign minister says oil records due to 'speculation' - story

Venezuelan courts denied due process to Venezuelan banker Eligio Cedeno- story

Platts Survey: OPEC Pumps 32.33 million b/d in February, up 80,000 b/d - story

BJ Tubular bags contract in China - story

Petrobras and Mitsui to incorporate a bioenergy company - story

Venezuela’s refining woes - story

Bush hits Chavez over ties to rebels

AP /Charles Dharapak

President Bush gestures while addressing the U.S. Hispanic Chamber of Commerce, Wednesday, March 12, 2008, at the Ronald Reagan Building in Washington.

WASHINGTON
Petroleumworld.com March 13, 2008- story

Oil prices burst record 110 dollars

Record high gas prices are posted at Shell gas station in San Mateo, Calif., March. 12, 2008.

NEW YORK
Petroleumworld.com March 13, 2008- story

Oil prices set record high 110.70 dollars a barrel - story

Russia, Ukraine resolve gas crisis: Gazprom statement - story

Rice discusses Latin America tensions on Brazil visit - story

Gold price sparkles at record high 997.10 dollars - story

ECOPETROL selected within the ten business leaders in Latin America - story

Workers to start new Venezuela Sidor steel strike - story

Petrobras diversifies LNG provision signs accord with Shell - story

Chile and Argentina will soon begin joint hydrocarbons exploration - story

Mexico's Congress could set up a commission to probe graft allegations- story

Venezuela's Heavy Oil Production in Orinoco Basin Exceeds 600 ths. bbl/d - story

Bush administration tightens air pollution standards - story

Oil prices hover near 110 dollars - story

South Korea oil spill devastates marine life: official report - story

Iranian envoy reassures Japan of oil supplies - story

20 biggest polluters seek progress on warming - story

US nuclear envoy urges full disclosure from NKorea - story

IEA to convene meeting on surging oil prices - story

OPEC reference price basket
above 100 dollars for first time

VIENNA
Petroleumworld.com March 12, 2008- story

Oil prices rocket close to 110 dollars

NEW YORK
Petroleumworld.com March 12, 2008- story

Oil bubbles near 109 dollars - story

US trade gap widens slightly as oil bill spikes - story

White House: 'Very concerned' about record oil price - story

Iran hardliners slam reformists ahead of polls - story

IEA sees oil thirst easing, says high prices will persist - story

Weapons cache, private pipeline found in Nigeria raid: task force - story

World oil supply rises to 87.5 million b/d in February: IEA - story

Maurel et Prom says two Colombian wells produce 950 bpd, 800 bpd in tests - story

Brazil's Petrobras signs gas agreement with Shell - story

Pemex tender for drilling platform attracts 7 - story

Mexico's Pemex diving Into deeper waters - story

Pemex postpones Tabasco 3-D seismic survey by two weeks - story

Energy crunch hinges on Bolivia - story

U.S. eyes terror listing for Venezuela over links to FARC - story

Repsol YPF and Vinccler announce Gulf of Venezuela partnership - story

Oil prices to record 107.85 dollars

NEW YORK
Petroleumworld.com March 11, 2008- story

Cheney to push OPEC to boost
oil output: White House
AP

US Vice President Dick Cheney

WASHINGTON
Petroleumworld.com March 11, 2008- story

Spain set to vote with ETA in spotlight after assassination - story

Oil above 107 dollars in Asian trade but off record levels - story

Iran's ailing economy: key election battleground - story

Brazil tops five million hybrid cars: auto industry - story

Canada unveils carbon capture plan, ban on dirty coal - story

US law could interrupt flow from Canada's oil sands: Ottawa - story

US corn biofuels will expand Gulf of Mexico 'dead zone': scientists - story

Chevron plans second LNG project in Australia - story

Despite Exxon battle, CITGO CEO touts Venezuela heavy oil sector - story

Chile, Ecuador to explore for gas in Guayaquil Bay - story

ExxonMobil maintains tough stand over Venezuelan compensation - story

Total agrees to acquire marketing assets in the Caribbean from ExxonMobil - story

Argentina strives to avert energy crisis - story

Spain's ruling Socialists win re-election

Reuters/Sergio Perez

Spain's Prime Minister Jose Luis Rodriguez Zapatero gestures
to supporters outside the Socialists party headquarters in Madrid, March 9, 2008.

MADRID
Petroleumworld.com March 10, 2008- story

Ecuador, Colombia and Venezuela
agree to settle dispute

AP Photo/Miraflores Press Office

Colombia's President Alvaro Uribe, left, shakes hands with Venezuela's President Hugo Chavez, right, as Dominican Republic's President Leonel Fernandez looks on during the Rio Group Summit in Santo Domingo, Friday, March 7, 2008.

SANTO DOMINGO
Petroleumworld.com March 10, 2008.- story

Oil eases below 105 dollars in Asian trade on US concerns - story

Venezuela normalizes diplomatic ties with Colombia - story

Spain set to vote with ETA in spotlight after assassination - story

Bush, Putin discuss NATO summit: Kremlin - story

Texas oilman gets two years' jail over oil-for-food scheme - story

Oil prices dip from new peaks amid US economic jitters - story

US sits tight despite Belarus bid to banish ambassador - story

White House 'quite concerned' by high energy prices: Lazear - story

Nigeria's NNPC to import Venezuelan heavy crude for Kaduna plant - story

Start of new gas pipeline offshore Trinidad delayed yet again - story

C.A. La Electricidad de Caracas commences offer to purchase 10.25% senior guaranteed notes due 2014 - story

Bahama's Laing: Petrocaribe fervor dimming - story

Mexican petroleum plans to drill 300 new natural gas wells in Burgos - story

Argentina, Bolivia, Brazil : Gas talks at a standstill - story

Petrobras value grows 87% to a record R$430 billion - story

Latin American leftist trio puts squeeze on Colombia

AP /Mayerling Garcia

Nicaragua's President Daniel Ortega, left, speaks during a news conference while Ecuador's President Rafael Correa listens in Managua, Thursday, March 6, 2008. Ortega announced that Nicaragua is breaking diplomatic relations with Colombia, closing ranks with Venezuela and Ecuador over a Colombian cross border strike.

CARACAS
Petroleumworld.com March 07, 2008.- story

Supply angst propels oil prices
to record peaks near 106 dlrs

NEW YORK
Petroleumworld.com, Mar 07, 2008- story

Brent oil price hits record high near 103 dollars - story

Leaders gather as tensions haunt Latin America summit - story

Oil holds near record highs at noon - story

Rice to visit Brazil and Chile - story

Nicaragua breaks relations with Colombia: Ortega - story

US admits lack of options after OPEC move - story

Tensions run high in South America, US pushes diplomacy - story

Chavez's support for FARC is a time-bomb: Colombia - story

WFP chief warns EU about biofuels - story

Ukraine PM rejects gas supply deal with Russia - story

Oil speculators 'riding roughshod' over OPEC, say analysts - story

Exxon must wait one week for PDVSA freeze ruling, lawyer says - story

Mexico ruling party to hatch deep-water energy bill - story

Keep foreigners out of oil, many Mexicans say in poll - story

Mexican laws put `straitjacket' on Pemex, Chief says - story

Colombian rebels' ties to Chavez come into focus - story

Venezuela deploys troops as diplomats
try to defuse regional crisis

AFP Graphic

Graphic comparing the military forces
of Ecuador, Venezuela and Colombia.

CARACAS
Petroleumworld.com March 6, 2008- story

OPEC freezes output, sparks oil price rally

Reuters/Heinz-Peter Bader

Algerian oil minister and OPEC president Chakib Khelil (L) talks with OPEC Secretary-General Abdullah El-Badri at the beginning of a meeting in OPEC's headquarters in Vienna March 5, 2008.

VIENNA
Petroleumworld.com March 6, 2008- story

Not much to Venezuelan buildup: US defense officials - story

US: Talk of military aid to Colombia 'premature' - story

Gazprom 'failure' in Ukraine gas row: Russian newspapers - story

Ecuador demands stronger condemnation of Colombia - story

Oil nears 105 dollars in Asian trade - story

Obama gets tough after Clinton comeback - story

Venezuela deploys troops as diplomats try to defuse regional crisis - story

Britain to 'significantly' increase reliance on nuclear power: minister - story

US 'disturbed' over rebel links to Venezuela, Ecuador - story

Sketches of presidents in Latin American row - story

NY oil closes atop 104 dollars for first time - story

OPEC says it backs Venezuela over legal battle with ExxonMobil - story

Exxon: Chalmette could be part of Venezuela deal - story

Colombia says FARC rebels bomb oil pipeline - story

Mexico starts TV campaign to support oil bill - story

PETROBRAS announces changes in the Executive Board - story

PetroFalcon receives dividend and announces Venezuela's Baripetrol operations - story

US backs Colombia in deepening
crisis with Venezuela, Ecuador

AFP/Jim Watson

US President George W. Bush makes a statement on
the South Lawn of the White House in Washington, DC.
Wading into an escalating South American border crisis,
Bush said Tuesday that he "fully supports" Colombia and
condemned "provocative maneuvers" by Venezuela.

BOGOTA
Petroleumworld.com March 5, 2008- story

Saudi minister says no need for OPEC output hike - story

Clinton wins Ohio and Texas as McCain claims Republican mantle - story

London: campaigners protest at oil firm’s bid to grab Venezuelan resources - story

Petrobras sees Tupi field producing about 100,000 oil barrels/day in early 2011 - story

U.K. court should grant PDVSA asset freeze, Exxon lawyer says - story

Pemex to boost output in declining Cantarell field - story

Bolivia threatens tough measures if international oil groups cut investments - story

Ecuador seeks oil private-sector contractors - story

Oil prices near record peaks as Bush counsels OPEC - story

Bush seeks 'close' ties with Medvedev - story

Russia halves Ukraine supplies in mounting gas crisis - story

Crisis threatens Venezuela-Colombia trade - story

Venezuelan troops head to Colombian border: official - story

IAEA opts for no additional resolution against Iran - story

Bush: Unchanged oil output a 'mistake' - story

EU urges Colombia, Ecuador, Venezuela to avoid 'escalation' - story

Deepening Venezuela-Colombia row threatens regional stability - story

Bodman warns of US economic downturn due to high oil price - story

EU's Piebalgs says oil could hit $200/b, urges clear OPEC policy - story

OPEC set to snub Bush over oil output

VIENNA
Petroleumworld.com March 5, 2008- story

OPEC set to snub Bush call for extra crude oil

VIENNA
Petroleumworld.com March 5, 2008- story

OPEC chiefs rule out need to raise oil output

AFP/Dieter Nagl

Algerien Minister of Energy and Mines and actual president of the OPEC Chakib Khelil arrives in his Vienna hotel prior to a meeting of the Organisation of Petroleum Exporting Countries starting on Wednesday.

VIENNA
Petroleumworld.com March 4, 2008 - story

Regional crisis: Ecuador, Venezuela
cutting Colombia ties

AP /Luis Benavides

A demonstrator wears a paper mask depicting FARC hostage Ingrid Betancourt during a protest demanding the release of all captives in rebel hands in Medellin, Colombia, Monday, March 3, 2008. Betancourt, a former presidential candidate, was kidnapped by the rebels of the Revolutionary Armed Forces of Colombia, FARC, over six years ago.

BOGOTA
Petroleumworld.com March 4, 2008- story

Oil prices turn lower in Asian trade - story

Crisis at Colombia border spills into diplomatic realm - story

Nod for OVL investments in Venezuela's PDVSA, Qatar - story

Venezuela warns countries against Exxon investment- story

CITGO shut Corpus Christi refinery West plant for 45 days - story

OPEC ministers gather on eve of oil output meet - story

UN Security Council tightens Iran sanctions - story

Ukraine warns of 'gas war' as Russia cuts supplies - story

Oil prices push to fresh records as OPEC leaders gather - story

List of Iranian entities or individuals targeted for UN sanction - story

US backs Colombia's efforts against 'terrorist' rebels - story

IAEA urges Iran to clear up nuclear allegations - story

Wind farms could drive bird species to extinction: conservationists - story

Ecuador to ask OPEC to support Venezuela in dispute with Exxon - story

Ecuador might sign new oil contracts this week: minister - story

Brazil Petrobras quarterly profit down 3 pct - story

Brazil Petrobras says in talks to buy Exxon assets - story

All eyes on record oil prices
as OPEC prepares to meet

LONDON
Petroleumworld.com March 3, 2008- story

Colombia, Venezuela, Ecuador
in tense standoff after raid

AFP Graphic

Map locating the strike on the Colombian rebel leader.

BOGOTA
Petroleumworld.com March 3, 2008- story

Russia cuts Ukraine's gas, Europe not affected: Gazprom - story

Medvedev wins landslide Russian election - story

Oil prices shadow 102 dollars ahead of OPEC meeting - story

Iran president begins historic Iraq trip - story

Regional tensions rise after Colombia's raid into Ecuador - story

Oil prices to stay above 60-70 dollars: Saudi Arabia - story

Clinton, Obama go down to the wire in Texas, Ohio - story

Ukraine PM confident Russia won't cut gas - story

Oil hits record high above 103 dollars