Hess Corporation announced today that it has agreed to sell $1.25 billion of notes with a 5.60% coupon maturing on February 15, 2041 in a registered public offering led by Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, Deutsche Bank Securities Inc. and RBS Secu
Chevron is making a major bet that the oil industry will be allowed to develop Canada’s Arctic offshore resources, winning a federal… By Shawn McCarthy (The Globe and Mail) [mappress] Source: TheGlobeandMail, August 6, 2010
Close to 250 lawsuits or claims have been filed against Transocean, the company which owns the BP-leased offshore rig behind the huge Gulf… by The Calgary Herald [mappress] Source: Thecalgaryherald, August 6, 2010:
EnCore Oil plc announces that the J.W.McLean rig has arrived at the Cladhan location on UK Northern North Sea blocks 210/29a & 210/30a and operations have commenced to sidetrack and delineate the oil discovery made in December 2008. The equity in the Cladhan joint venture partnership is as follows:
Trelleborg Offshore has installed its Elastopipe corrosion-free fire safety deluge system on Maersk’s Ngujima-Yin, a floating production… by Processingtalk [mappress] Source: Processingtalk, August 6, 2010:
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, announced today that it has entered into a global technology partnership agreement with CRC-Evans Pipeline International (CRC-Evans) that will lead to both companies providing a range of enhanced pipeline fabric
BP today completed cementing operations at the MC252 well at 14:15 CDT, as part of the static kill procedure. Monitoring of the well is underway in order to confirm the effectiveness of the procedure. Operating with the guidance and approval of the National Incident Commander and government official
RWE Dea UK announced today that the contract for the engineering, procurement and construction (“EPC”) of a minimum facilities platform for the Breagh A Development has been awarded to Heerema Vlissingen B.V. (“Heerema”). This is the second contract this year to be awarded by RWE Dea UK to Heerema,
In 2009, crude oil, natural gas, and pipeline transport services accounted for almost 50 percent of Norway’s exports value, 22 percent of GDP, and 27 percent of government revenues according to the Norwegian Petroleum Directorate. Although Norway’s oil production peaked in 2001 at 3.42 million barre
Norwegian Energy Company ASA today presents its second quarter 2010 results, with EBITDA of NOK 269 million, 59% higher than in previous quarter, and a net result of NOK -6 million, compared with NOK -21 million. Q2 results Oil and gas production was 13,125 barrels of oil equivalents (boe) per day,
The construction of onshore and offshore oil and gas pipelines is driving growth in the welding equipment and consumables market. Growth is largely due to high demand from major pipeline construction companies requiring welding equipment, consumables, manufacturing automation, steel pipes, cables an
Delek Group has announced that in reference to the immediate reports dated August 19th, 2009 and July 8, 2010 the Company’s Board of Directors decided on August 4th, 2010 to increase its investment in Noble Energy Inc. (“Noble”) shares to amount up to approx. 4% of Noble’s issued and outstanding sha
TGS’ CEO Robert Hobbs said .”As previously noted, our sales in the second quarter were negatively affected by a delay in the announcement of Norway’s 21st licensing round as well as some early effects of regulatory uncertainty in the U.S. Gulf of Mexico. In contrast, we have seen increased activity
Schilling Robotics received an order for two of its 4,000 meter (13,000 feet) rated UltraHeavy-Duty™ (UHD™) Remotely Operated Vehicles (ROVs) from Australian subsea specialist TS Marine. The UHD™ systems will be delivered in the summer of 2010. The UHD™ systems will be outfitted with Schilling’s XE™
