Brent steady on Chinese data

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Brent crude held steady above $119 a barrel on Tuesday as China’s manufacturing activities grew, providing a bright spark amid a gloomier economic outlook in the euro zone and the US that could depress fuel demand.
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InterOil enters into heads of agreement with pacific rubiales energy for interest in Triceratops and PPL237

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InterOil Corporation NYSEIOC POMSoXIOC announced that it has signed a binding Heads of Agreement with Pacific Rubiales Energy TSEPRE whereby PRE can earn a 10.0 net 12.9 gross participati

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Fabled Sahara Gets Back in Game

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Los Angeles nightlife impresario Sam Nazarian and his real-estate partners say they have secured a $300 million loan to begin revamping the Sahara casino and hotel in Las Vegas.
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Bond Market Is Creating a New Galaxy for Trading

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Wall Street institutions, known as dealers, are being pushed away from the center of the fixed-income universe by regulations, market turmoil and financial constraints. The new order will help shape the “new Wall Street” of the postcrisis era.
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Shell's new Perdido oil and natural gas platform in the Gulf of Mexico.  ( Melissa Phillip / Houston Chronicle )

Deeper conversation draws attention at OTC

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For years the offshore industry’s pursuit of oil has pushed drillers farther into the deep, bringing heavy machinery and remote-operated vehicles into some of the most alien reaches of the globe.
Categories: Crude oil, Offshore, OTC

St. Elias Mines Ltd. – Update – Cueva Blanca Gold Property in Peru

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VANCOUVER, British Columbia, April 30, 2012 /PRNewswire/ — Lori McClenahan, President, Intigold Mines Ltd. and St. Elias Mines Ltd. (TSX VENTURE: SLI) (PINKSHEETS: SELSF) (US Clearing Symbol: SELSF) (FRANKFURT: EKL) (collectively the “Companies”), ann…
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Brent holds above $119 as China offsets Europe, US gloom

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SINGAPORE, May 1 (Reuters) – Brent crude held steady above
$119 a barrel on Tuesday as China’s manufacturing activities
grew, providing a bright spark amid a gloomier economic outlook
in the euro zone and the United States that could depress fuel
deman…
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Duke to Take $420 Million Charge for Plant

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Duke Energy said it would take a $420 million charge for cost overruns at its Edwardsport coal gasification plant in Indiana, one of the costliest fossil-fuel generating stations ever built.
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China PMI strengthens further in April

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An important gauge of China’s industrial sector strengthened slightly in April and export orders edged, indicating that global demand is still holding up
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Committee hearing takes close look at impact of sand dune lizard listing

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ODESSA — State and local officials, along with industry experts, gathered Monday at the University of Texas of the Permian Basin to closely examine the impact an endangered listing for the dunes sagebrush lizard would have on the local econ…

Categories: Crude oil