DrumBeat: March 21, 2008
Posted by threadbot on March 21, 2008 - 9:18am
Australian producer BHP-Billiton has removed all personnel from its Neptune tension leg platform (TLP) in the deep-water US Gulf after inspections discovered ‘anomalies’ in the facility’s hull.
The Mexican newspaper El Universal reported that the Finance Ministry would “reassign” funds the company was planning to use to explore for oil and gas for other programmes.
``The oil-price slump, along with all the other commodities, resulted from the dollar staging a rally, so the large funds flowed out of the commodities complex,'' said Victor Shum, senior principal at consultants Purvin & Gertz Inc. in Singapore.