Seadrill, SapuraKencana JV Wins $2.7 Billion Contract With Petrobras
Seadrill and Malaysia's SapuraKencana Petroleum Berhad have been awarded a contract worth $2.7 billion with Petrobras for three pipe laying support vessels.
View ArticleWho Will Land Hess' Terminal Network?
There are a lot of names being thrown around as potential purchasers of these assets, including Marathon Petroleum (NYSE: MPC ) , Sunoco Logistics (NYSE: SXL ) , and Buckeye Partners (NYSE: BPL ) ....
View ArticleBill Could Open Bristol Bay To Gas Leasing
"The Obama Administration has placed the majority of the Outer Continental Shelf off-limits and placed half of the National Petroleum Reserve Alaska off-limits," Hastings said in a recent Committee on...
View ArticleWEX Teams With CITGO To Provide Private-Label Fleet Card Services
WEX Inc. signs a long-term agreement with CITGO Petroleum Corp. to provide private-label fleet card services.
View ArticleCorbett Throws Prose Punch At Agency Over Gas Ban
In a joint venture, Hess Corp. and Newfield Exploration Company leased more than 100,000 acres. They drilled a handful of exploratory wells, although none have been hydraulically fractured to extract...
View ArticleCorbett Presses For River Basin Drilling Regulations
Gov. Corbett has sent a strongly worded letter to the Delaware River Basin Commission, urging it to end a three-year moratorium on natural gas drilling in the basin by adopting drilling regulations.
View ArticleWhy Hedging Oil And Gas Production Matters
Companies that hedge over the long-term can end up doing very well. This is really clearly seen when looking at an oil and gas MLP like Legacy Reserves ....
View ArticleAtwood Oceanics Confirms $635m Drillship Order
The DP3-capable Atwood Archer will feature dual derrick ultra - deepwater drilling rated to operate in water depths up to 12,000 feet and drill to a depth of up to 40,000 feet....
View ArticleWash. Refineries Readying For North Dakota Oil
Frank Holmes, spokesman for Western States Petroleum Association, said Alaskan oil has been a mainstay for Washington refineries, but that production is falling. At its peak, Alaska ... But there are...
View ArticleImomoh Recognised For Contributions To Petroleum Engineering
The President, Society of Petroleum Engineers, worldwide, Mr. Egbert Imomoh, has been honoured for his contribution to petroleum engineering in Nigeria and globally. The Group Managing Director, ARCO...
View ArticleAlgeria Offers Petronas To Bid For Oil Exploration
Algeria offered Petronas to bid for an oil exploration project in Algeria while negotiations are also in the pipeline for Malaysian companies to build highway and specialist hospital in Tanzania, said...
View ArticleNo Big Oil For Statoil In Barents
100 in the western part of the Barents Sea . High time to find Big Oil. The Nunatak well could prove additional resources around the Johan Castberg field, Statoil's so far only discovery in the Barents...
View ArticlePDO Honours OIG For 15 Years Of Service Without LTI
Petroleum Development Oman ( PDO) recently honoured Oman International Group (OIG) with a plaque to mark 15 years of service to PDO without a lost time due to injury (LTI) .
View ArticleAfren Discovers Oil Offshore Nigeria
An independent upstream oil and gas exploration and production company, Afren Plc, has said it has discovered a significant light oil accumulation at the high impact Ogo-1 well located on the Oil...
View ArticleRalliers Ask Exxon To Pay Oil Spill Fine
That demand will be made at a rally today in Billings on the anniversary of the Exxon crude oil spill into the Yellowstone River. The U.S....
View ArticlePetrofac Signs MoU With KazMunaiGas For Emba Oil Fields
Petrofac has struck a deal with KazMunaiGas Exploration Production (KMG) of Kazakhstan to explore the Emba oil fields of KMG's subsidiary EmbaMunaiGas (EMG) .
View ArticleHerkules Acquires A Majority Of Petroleum Technology Company
Herkules has signed an agreement to acquire a majority of the shares in PTC and will partner to significantly grow the company which specialises in gas lift and wellhead integrity for the global oil...
View ArticleInterest In Offshore Ireland Growing
Australian energy company Woodside Petroleum said it bought a position in deepwater developments off the coast of Ireland.
View ArticleSaudi Weekend Shift Will Improve Business Prospects, Says British Professor
Professor William who recently spoke on 'building leadership in the GCC ' to a VIP audience at the Society of Petroleum Engineers event in Abu Dhabi is highly respected as an expert on business in the...
View ArticleOGX Cancels OSX Contracts As It Weighs Shutting Oil Field
OGX Petroleo & Gas Participacoes SA, the oil company controlled by billionaire Eike Batista, is considering closing its only producing oil wells next year after a technical review, Batista's...
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