Hong Kong plans to open a commodities exchange, to be called Hong Kong Mercantile Exchange (HK-MEx), to trade petroleum and other raw materials. HK-MEx is expected to open sometime during the first quarter of 2009 and will sell U.S.-dollar denominated contracts for delivery of fuel oil to mainland China. Other commodities may include soybeans and iron ore. Backers of the new exchange say they have pledges of participation from Merrill Lynch & Co., Lehman Brothers Holdings Inc., Citic Group (China), Noble Group Ltd. and Titan Petrochemicals Group Ltd.
2023-11-06 - From another postponement of the Gulf of Mexico’s Lease Sale 261 to new contract awards, below is a compilation of the latest headlines in the E&P space.
2023-10-02 - Here’s a roundup of the latest E&P headlines, including the go-ahead for a North Sea subsea field to begin production and new contract awards and technology launches.
2023-10-13 - According to the Wells Insight Report 2023 report, more development drilling and interventions are needed to boost production.
2023-11-13 - Here’s a roundup of the latest E&P headlines, including a small but commercial discovery in the North Sea and new contract awards.
2023-09-28 - A number of contracts have been awarded in support of the Rosebank oil field’s Phase 1 development.