Chinese state-owned oil company Sinopec Group said on Friday it had agreed to pay $3.54 billion to Portuguese oil firm Galp Energia for a… By Judy Hua, Wan Xu and Ken Wills (Reuters) [mappress] Source: Reuters, November 11, 2011
The Bureau of Safety and Environmental Enforcement (BSEE) yesterday issued a Safety Alert relating to the Macondo well blowout. The Safety Alert was distributed to oil and gas leaseholders and contractors working on the Outer Continental Shelf (OCS). It briefly summarizes the findings of the Joint I
Kosmos Energy announced yesterday financial results for the third quarter 2011. The Company generated net income attributable to common shareholders of $52 million in the third quarter of 2011, or $0.13 per basic and diluted share. This compares to a net loss attributable to common unit holders of $
Spanish oil major Repsol-YPF plans to begin exploratory drilling in Cuban waters of the Gulf of Mexico at the start of 2012, the firm’s … Source: Latin American Herald Tribune [mappress] Source: Latin American Herald Tribune, November 11, 2011;
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership), yesterday reported the Partnership’s results for the quarter ended September 30, 2011. During the third quarter of 2011, the Partnership generated distributable cash flow of $52.1 mi
Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau yesterday announced that BOEM would hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. This announcement is
An oil leak near Chevron’s Frade field off Brazil’s coast, which had temporarily halted work there, is from a natural seep on the seabed and… Source: Reuters [mappress] Source: Reuters, November 11, 2011
PETRONAS and Shell Malaysia today signed a Heads of Agreement (HOA) for two 30-year production sharing contracts (PSCs) for enhanced oil recovery (EOR) projects offshore Sarawak and Sabah. The HOA will see staged work activities and new investments from Shell and its joint venture partner PETRONAS C
Rolls-Royce, the global power systems company, announces that Sir Frank Chapman has today joined the Board as a non-executive Director. Sir Frank is the Chief Executive of BG Group and a Fellow of the Institution of Mechanical Engineers. Sir Simon Robertson, Rolls-Royce Chairman, said: “I am delight
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) , announced today that Teekay Corporation (Teekay) and Teekay Offshore intend for Teekay Offshore to acquire the Sevan Piranema (Piranema) floating production, storage and offloading
Norwegian offshore oil and natural- gas investment will rise through 2014, defying a global economic slowdown, as recent discoveries and … By Stephen Treloar (Bloomberg) [mappress] Source: Bloomberg, November 10, 2011
FoundOcean has been appointed as an exclusive agent by IEV International Limited (now a wholly-owned subsidiary of IEV Holdings Limited, a company listed on Catalist of the Singapore Exchange) to market their revolutionary Marine Growth Prevention and Control products in European waters. Until now,
Grandweld Shipyards has commemorated the delivery of the second of three 41M crew boats in a special ceremony held at Grandweld facility in Dubai Maritime City. This marks Grandweld’s seventh delivery in 2011. Global Queen, an advanced version of the 41m crew boat, is the 18th of its type to be buil
BOURBON today announces that in the third quarter of 2011, the company’s revenues totaled 252.2 million euros, up 14% (+20% at constant exchange rate) over the same period in 2010, buoyed by the steady improvement in daily rates and the good performance of shallow water offshore vessels. Compared wi
