Thursday, March 19, 2009

Afghanistan Holds First Bid For Onshore Blocks, Crude Oil Touches Three Month High


"Afghanistan to Hold First Ever Hydrocarbon Bidding Round"
Afghanistan is holding the country's first ever hydrocarbon bidding round with three onshore blocks up for grabs....Complete Story

"Oil Rises Above $52 on Speculation Fed Debt-Buying Plan Will Spur Growth"
Crude oil rose above $52 a barrel, reaching a three month high, after the U.S. Federal Reserve announced plans to spend $1 trillion buying back debt....Complete Story

"Russia May Lease Cuban Offshore Oil Blocks, Reuters Reports"
A group of five Russian companies may lease as many as 15 oil blocks, representing 15,440 square miles, for exploration in Cuba’s portion of the Gulf of Mexico....Complete Story

"TAQA Scales Back Huge North Sea Expansion Plans"
New North Sea operator TAQA has confirmed that it is gearing down from the previously blistering pace of acquisitions, after posting Q4 profits that were down due to....Complete Story

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