Energy issues are mostly lower pre-market, even though oil
prices are pushing up closer to the psychologically critical $90 a
barrel mark. Salamander Energy plc (SMDR) will buy Indonesia's
Elnusa Bangkanai Energy Ltd for $11.2 million to bolster its
foothold in the country. Elnusa has a 69% stake in the Bangkanai
prospect that contains the Kerendan gas field, which has about 157
billion cubic feet of gas. DNO International ASA (
) said oil exports from Iraq's Kurdish region could resume once a
government is firmly established in Baghdad, according to
Bloomberg. Ship fuel supplier Aegean Marine Petroleum Network Inc (
) reported third quarter results that fell short of analysts'
estimates, and has plunged over 38% before the opening bell on the
NYSE. Brent crude is up 0.1% at $89.08 a barrel on NYMEX.
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