Archive for October, 2012

FOREX-Euro, AUD calm ahead of China PMI

by on October 31, 2012 11:22 pm GMT
Wed Oct 31, 2012 7:22pm EDT * Euro flat, struggles above $1.3000 * Market awaits China manufacturing data due 0100 GMT* Investors looking for signs of China slowdown stabilisingBy Ian ChuaSYDNEY, Nov 1 (Reuters) - The euro and commodity currencies got off to a steadier start on Thursday following a choppy session overnight that saw

Ensco surges on deepwater bounty

by on October 31, 2012 11:13 pm GMT
The London-headquartered driller posted net income of $343.5 million in the three months to September, compared to $204.5 million in the year-ago period.The company also saw an average increase of $22,000 in rig dayrates, an 11% increase in deepwater segment days with the addition of newbuilds and

China pushes gas use for transport

by on October 31, 2012 11:07 pm GMT
Besides homes, utilities and factories, the government for the first time targeted the transport sector, covering buses, taxis, trucks, and vessels as preferred users of natural gas, according to a document published on the website of the National Development & Reform Commission."It's certainly a good policy that will see

Scary profit drop, but Pioneer banks on Wolfcamp

by on October 31, 2012 10:38 pm GMT
Pioneer will spend another $100 million dollars on drilling operations this year, raising its overall budget from $2.4 billion to $2.5 billion. The added cash will go towards appraisal activity in the Wolfcamp. All told, about 75% of the company's spending will be on the horizontal Wolfcamp and vertical Spraberry