Friday, March 20, 2009

Horizon Ships First Oil From Oil Sands Project, Kuwait Cancels 2.1 Billion Deal, Israel Looks To Start Drilling In April 2009


"Oil Falls as Dollar's Gain Against the Euro Reduces Appeal of Commodities"
Crude oil fell from a three month high as the dollar climbed against the euro, decreasing the appeal of commodities as an alternative investment....Complete Story

"Zion Oil Anticipates Drilling Commencement in Israel by April 2009"
Zion anticipates that the drilling rig contracted for the Ma'anit-Rehoboth No. 2 well will arrive in Israel, clear customs and be fully rigged-up to begin drilling in April 2009....Complete Story

"Fluor Says Kuwait Halts Refinery Project, Canceling $2.1 Billion in Orders"
Fluor Corp. said the Kuwait National Petroleum Co. canceled its contract for the Al-Zour refinery project and the remaining $2.1 billion in work will be removed from first-quarter backlog....Complete Story

"Horizon Oil Sands Project Ships First Oil"
North Sea operator Canadian Natural Resources has shipped the first cargo from its Horizon Oil Sands project. CNR said the first shipment of synthetic crude....Complete Story

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