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31 January 2012 Oil

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Oil 31/01/2012

22:27 : BP cannot hand share of clean-up costs to Halliburton, rules judge - Carl Barbier said that the oil company must indemnify their partner under the terms of their drilling contractBP will not be able to hand off a share of the $40bn (£25.3bn) in clean-up costs and economic losses from the Gulf of Mexico ...
Source : guardian-co-uk
20:10 : North Sea oil leak halts 15pc of BP's UK production - BP expects its Foinaven oilfield off northern Scotland, which accounts for 15pc of its UK production, to remain shut for weeks while it investigates a "small" oil leak.
Source : telegraph-co-uk
16:33 : Q+A: Can buyers of seized Sudanese crude get into legal trouble? - SINGAPORE (Reuters) - Buyers of South Sudanese oil seized by Sudan may escape legal trouble although Khartoum may get dragged into a prolonged arbitration battle for selling crude at steep discounts, lawyers said ...
Source : reuters-com
15:43 : EU's Iran oil ban weighs on ship insurance market - LONDON, Jan 31 (Reuters) - European Union sanctions on Iran's oil trade look set to weigh on London's marine insurance market by forcing tanker companies doing business with Iran to insure themselves outside Europe, industry executives ...
Source : reuters-com
09:07 : Fundamental Oil Report (2012-01-31) - Crude oil is trying to correct some of yesterday’s losses as it gathered momentum on better sentiment in markets as EU summit came up with some solutions for the region’s crisis, although, Greece’s crisis remain stuck so far.
Source : ibtimes-co-uk
08:16 : CITY FOCUS: West braced for oil battle with Tehran - Twenty-eight oil importing countries are prepared to tap emergency oil stockpiles on an unprecedented scale if Iran goes through with threats to disrupt shipping in the Strait of Hormuz.
01:08 : Centrica signs oil and gas deal with Conoco - Centrica has accelerated its push into oil and gas production by striking a $223m (£142m) deal with ConocoPhillips that will nearly double its interest in a key North Sea field.
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