Top News of the Week March 11 – 16, 2013

Top News of the Week March 11 - 16, 2013

Xcite Shares Soar on Statoil Bid Speculation (UK)

Shares of Xcite Energy Ltd on Thursday jumped 3.00% on speculation that Norway’s oil giant Statoil is thinking of launching a 2 GBP per share takeover offer, Daily Mail has reported. According to Daily Mail, Statoil is interested in the company’s Bentley field.


India’s Firms Launch Joint Bid for 20 Pct Share in Rovuma Area 1 (Mozambique)

India’s state-run oil and gas companies ONGC and Oil India have launched a joint bid for a 20 pct share in Mozambique’s offshore Rovuma Area 1, previously offered for sale by Anadarko and Videocon, Reuters has reported, citing a source close to the matter.


Gallery: Heerema’s Aegir Getting Ready for Lucius and Ichthys

Heerema Marine Contractor’s new Deepwater Construction Vessel Aegir arrived in Rotterdam’s Caland Canal on Wednesday after a journey of almost two months from the DSME shipyard in Okpo, South Korea where it was built.


Saipem Scoops $1.1 Bln Worth of E&C Offshore Contracts in Africa

Italy’s Saipem has been awarded new E&C Offshore contracts in North and West Africa for a total value of approximately $1.1 billion.


SBM Offshore, Talisman Scrapping Yme MOPUstor Platform

SBM Offshore and Talisman Energy Norge AS (Talisman), have reached a decision to terminate the YME MOPUstor project in the Norwegian North Sea, including scrapping the existing above surface structure, and ending all joint activity for an agreed cost.


Wintershall Makes Gas Discovery Offshore Qatar

Qatar Petroleum (QP) and Wintershall announced today that they have made a gas discovery in exploration Block 4 North, offshore Qatar


ExxonMobil Starts Pumping Gas from Telok Field Off Malaysia

ExxonMobil Exploration and Production Malaysia Inc., a subsidiary of Exxon Mobil Corporation, began natural gas production from the Telok field, located offshore Malaysia in the South China Sea.



Top News of the Week March 4 – 9, 2013

Top News of the Week Feb 25 – Mar 2, 2013

Top News of the Week Feb 18 – 23, 2013

Top News of The Week Feb 11 – 16, 2013