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N.S. fishing veteran says industry can co exist with oil rigs on Georges Bank (NS-Oil-Drilling)

YARMOUTH, N.S. _ A veteran of the fishery in southwest Nova Scotia says the industry can co-exist with oil rigs on Georges Bank.

Big Freddie Mac attack: Best of the Boards/Blogs

We have all seen our investments plummet these last few months. Hedge funds liquidation is one of the reasons. The psychological fear is also one of the reasons driving prices down. And not just stock prices, but most commodity prices. This is the main reason that I am optimistic about what is to come. Even though oil consumption is down, the developing world's oil consumption keeps rising. The large oil companies are not replacing their depleting reserves. The major oil companies are buying back shares, like SVM is doing, instead of putting that

Oil museum planned for Kuwait

The New KOC Oil & Gas Exhibition will enable people to live the history and culture of Kuwait’s oil sector through a series of exhibitions.

Oil museum planned for Kuwait

The New KOC Oil & Gas Exhibition will enable people to live the history and culture of Kuwait’s oil sector through a series of exhibitions.

Oil Exploration Leads to Video of a Mysterious Elbowed Squid

eldavojohn writes "A rare glimpse from Shell Oil of a giant squid brings to light the strange relationships some deep sea marine biologists have with drilling companies. The video of the squid (Magnapinna) is very rare as this creature remains largely a mystery to science. While some are concerned of a conflict of interest, biologists and big oil sure make for strange bedfellows. The video is from 200 miles off the coast of Houston, TX and about 4,000 feet down." Looking at this creature gives me the willies, frankly.

Oil States to Present at the J.P. Morgan Conference

HOUSTON, Dec. 1 /PRNewswire-FirstCall/ -- Oil States International, Inc. (NYSE: OIS - News) announced today that Cindy B. Taylor, Oil States' President and Chief Executive Officer, will present at the J.P. Morgan 2008 Smid Cap Conference on Friday, December 5, 2008 at 10:15 a.m. Eastern time.

Indonesia to order oil, gas firms to keep funds in local banks

JAKARTA, Nov. 20 (Xinhua) -- The Indonesian government will order oil and gas companies to use local banks to keep tens billions of U.S. dollars of funds for energy projects as an effort to boost falling rupiah, the oil-and-gas regulator body BP Migas said here Thursday.

US MMS seeks more offshore Virginia oil, gas drilling research

The US Minerals Management Service will hold a workshop next month to decide what environmental research needs to be expanded in preparation for a possible oil and gas lease sale off the coast of Virginia. Scientists will present findings on how oil and gas development would impact fisheries, marine mammals and the local economy in Virginia. MMS announced earlier this year it would begin the process of deciding whether to hold a lease sale on a wedge of offshore real estate in federal waters 50 miles from the Virginia coast. A long-standing congressional moratorium on drilling off the Atlantic and Pacific coasts was allowed to expire in September, opening the Virginia area to leasing as early as 2011. But congressional Democrats have vowed to revisit the issue next year, which could lead to its closure again.

Car care tips from Automotive Art

If you imagine your car is like a human body, motor oil is the equivalent of blood. Your car needs oil to run and the oil needs to provide the required lubrication properties specified by the engine manufacturer for you to have a happy and healthy car engine.

'Our banks do not have provisions for development of industries'

Mr. Ofordile Okoye is the managing director of North East Atlantic Oil and Gas Limited, a downstream oil company. The firm which was incorporated in 2007 specializes in marketing and distribution of petroleum products. Okoye began what seemed like adventure into the oil and gas

Banks, oil push European shares higher

OIL majors and banks paced an advance for European shares, a day when US markets were closed for the Thanksgiving Day holiday.

Oil, copper, corn all climb on Citigroup rescue and weaker dollar

INTERNATIONAL. Crude oil, copper and corn rose as a government rescue of Citigroup shored up global investor confidence and a weaker US Dollar enhanced the appeal of commodities invesments.

Oil could fall to US$40 in 2009; Deutsche Bank

NEW YORK: Oil prices could fall to as low as US$40 a barrel next year as more efficient refining capacity comes online and production costs for some regions fall, Deutsche Bank said in a research note.

Oil painting by Juan Gris auctioned for more than US$20 million

NEW YORK - An oil-on-canvas painting by Spanish artist Juan Gris has been auctioned in New York City for more than US$20 million.

Oil paintings of Inner Mongolia showcased in UK

The enchanting grasslands of China's Inner Mongolia Autonomous Region are being introduced to the people of London this week. China's ambassador to the UK and a hundred guests attended the opening ceremony for an oil painting exhibition featuring the grasslands.

Oil States to Present at the J.P. Morgan Conference

Oil States' President and Chief Executive Officer, will present at the J.P. Morgan 2008 Smid Cap Conference on

Sound Oil Starts Up Operations Onshore Java

Sound Oil has announced the start of new operations activity on the Citarum Production Sharing Contract (PSC), onshore Java, Indonesia. This update is based on latest information received from the Operator BPREC.

Early Oil Baron and Prominent Cattlemen Estate Auction Promises to Sell Thousands of Museum Quality Antiques Including a Large Collection of First Edition Books

Early Oil Baron and Prominent Cattlemen Estate Auction Promises to Sell Thousands of Museum Quality Antiques Including a Large Collection of First Edition Books

Banks, oil producers pace gains for Europe on U.S. holiday

LONDON (MarketWatch) - Oil majors and banks paced an advance for European shares on Thursday, a day when U.S. markets are closed for the Thanksgiving holiday.

International oil services company holds 29th Hunting Art Prize event

Hunting PLC, an international oil services company, recently announced a call for entries for the 29th annual Hunting Art Prize.

No oil painting

Woman left disfigured after injecting her face with cooking oil.

Heating oil crack set for a fall? (The Barrel blog)

Distillates have been holding up the petroleum complex, with the NYMEX December heating oil crack spread sitting above $20/b this week.

Why oil prices keep dropping

It doesn't feel like it, but we got a raise this week. The plunging price of oil, which prompted OPEC to announce a 1.5 million barrel a day production cut, has put money in the pockets of recession-worried consumers. "It follows that there's going to be some spending effect," said Francisco Blach head of commodities research at Merrill Lynch in London.

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