Halliburton announced that it has integrated the drilling capabilities of several product service lines (PSLs) to deliver significant drilling performance gains and save operators millions of dollars in well costs. Halliburton’s Optimized Drilling Performance™ approach includes the delivery of a pro
Petrobras CEO, José Sergio Gabrielli de Azevedo, was nominated Petroleum Executive of 2011 by Energy Intelligence, a renowned information service for the energy sector. Gabrielli was chosen from leaders of many of 100 largest oil companies in the world. According to the president of Energy Intellige
The boom in the natural gas sector will lift Australia’s prosperity and aid the clean energy debate, Resources and Energy Minister Martin Fe… (afr) [mappress] Source: afr, March 1, 2011;
More than 1 million tons of gas condensate worth $853 million have been exported from Pars Special Energy Economic Zone (PSEEZ) custom administration during the last month of the current Iranian calendar year (started on January 21), the director of PSEEZ’s custom administration, Mr. Pourheydar anno
Statoil and ExxonMobil have agreed to explore three Faroese offshore licenses jointly. ExxonMobil Exploration & Production Faroe Islands Limited will acquire 50% interest in Licenses 009 and 011 and 49% interest in License 006, where Atlantic Petroleum is a minority owner with 1% interest. Statoil F
The Japan Bank for International Cooperation (JBIC) said Tuesday it will offer a loan of up to 102 million dollars to Australian firm Tokyo… (nikkei) [mappress] Source: nikkei, March 1, 2011;
The President of Brazil, Dilma Rousseff, will participate in the ceremony that will announce the installation of the Bahia Liquefied Natural Gas (LNG) Regasification Terminal (TRBA) Tuesday. During the event, Petrobras and the Government of Bahia will sign the Protocol of Intentions that will define
The Gazprom headquarters hosted a working meeting between Alexey Miller (picture), Chairman of the Company’s Management Committee and Helge Lund, President and Chief Executive Officer of Statoil. During the meeting the parties addressed the key business issues and prospects for cooperation between G
Mitsubishi Heavy Industries, Ltd. has received an order from Nippon Yusen Kabushiki Kaisha for a liquefied natural gas (LNG) carrier capable of marked reductions in fuel consumption. The vessel is the first of its kind to adopt “MHI Ultra Steam Turbine Plant”, a new turbine plant which enables appro
Golar LNG Energy Limited reports a net loss of $14.6 million and operating loss before depreciation and amortisation of $2.3 million for the three months ended December 31, 2010. Revenues in the fourth quarter at $16.1 million decreased from $19.1 million for the third quarter of 2010 (the “third qu
Metgasco is pleased to advise that good progress is being made on the current multi-lateral drilling program. Harrier P01 spudded on 11 February 2011 and Harrier P02, spudded on 8 February 2011. The top hole sections of both of these wells have been drilled and cased to approximately 145 metres dept
EOC Limited, a leading provider of offshore oil and gas support services in Asia, has announced the appointment of Mr Jon Dunstan as its new Chief Operating Officer (COO), with effect from 1st March 2011. With over 17 years of industry experience, Mr Dunstan, aged 39, began his career as a structura
Golar LNG will be trading ex-dividend of a total dividend of $0.30 per share on March 09, 2011. The record date is March 11, 2011, and the dividend will be paid on or about March 25, 2011. [mappress] Source: Golar LNG, March 1, 2011;
UPS announced its fleet of alternative fuel and technology delivery vehicles has driven 200 million miles since 2000. The alternative fuel fleet (AFV) now numbers more than 1,900 and another 62 vehicles have just been ordered. The total mileage accumulated by UPS’s “green fleet” is the equivalent of
