Oil industry: Congress should force Obama’s hand
Energi ; Congress should pass legislation, if necessary, to force the Obama administration to open more offshore areas to oil and gas exploration, the head of the American Petroleum Institute said today. News wires 05 January 2011 00:01 GMT – The administration last month removed from its proposed five-year offshore drilling plan an earlier decision [...]
MARKET WATCH: Oil, gas explore new highs in first trades of 2011
Energi ; Energy prices continued to rise Jan. 3 in the first trading session of the new year with natural gas climbing 5.6% to a 5-month high in the New York market on predictions of colder-than-normal weather that should increase fuel demand through the first half of this month. Both front-month West Texas Intermediate and [...]
Pipeline advances in Abu Dhabi gas project
Energi - Abu Dhabi Marine Operating Co. (ADMA-OPCO) has completed the first phase of an offshore pipeline in the Integrated Gas Development of its parent company, Abu Dhabi National Oil Co., according to press reports. The 38-km pipeline will be able to carry 1 bscfd of natural gas from giant Umm Shaif oil field to [...]
Kreuz Holdings Ltd wins South Asia subsea installation job
Energi ; SINGAPORE – Kreuz Holdings Ltd. has a letter of intent for $6.2 million in subsea installation work for an offshore construction company in south Asia. The job covers transportation and installation scheduled to be completed by 2Q 2011. Offshore-Mag
Energy XXI has bought shallow GoM interest from ExxonMobil
Energi ; HOUSTON – Energy XXI has bought certain shallow water Gulf of Mexico interests from ExxonMobil for $1.01 billion, the company reports. The properties include nine fields generally located between Energy XXI’s existing South Timbalier and Main Pass operations in water depths of 470 ft (143 m) or less. The properties produce approximately 20,000 [...]
RBG wins Shell GoM three-year contract
Energi ; ABERDEEN, UK — Shell Exploration and Production Co. has awarded RBG a three-year contract to supply a coatings and maintenance program for offshore platforms in the Gulf of Mexico. RBG has initially been commissioned to work on three of Shell’s six major offshore facilities in the Gulf of Mexico. The company will start [...]
Aker Solutions awarded two contracts for mooring and loading systems off Brazil
Energi ; RIO DE JANEIRO, Brazil – – Aker Solutions has won two contracts for the supply of mooring and loading systems in Brazil. The contracts have a combined value of approximately NOK 210 million (US $35 million). “The contracts are strategically important for Aker Solutions based on the potential for future business in Brazil,” [...]
Anadarko Petroleum has new post-salt discovery off Brazil
Energi ; HOUSTON – Offshore-Mag – Anadarko Petroleum Corp. says its Itauna #1 well in block BM-C-29 offshore Brazil has encountered in excess of 275 net ft of oil and natural gas pay in two separate post-salt zones on which show reports were filed with the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP). “We [...]
Oil slips on euro zone debt woes, dollar
Energi ; (Reuters) – Oil prices fell on Monday, pressured by a weaker dollar and erasing early gains as optimism over a debt bailout for Ireland gave way to concerns that financial problems would spread to other euro zone countries. U.S. gasoline futures also slumped, extending the pressure on crude futures amid expectations that refinery [...]
Pluspetrol hits Angola pay
Energi ; Argentina’s Pluspetrol has hit a hydrocarbon column with an appraisal well on its Castanha oil discovery onshore Cabinda in Angola. Upstream staff 15 November 2010 06:00 GMT Partner Roc Oil said the Castanha-3 appraisal well sidetrack has been drilled to a total measured depth of 2525 metres and suspended after hitting a gross [...]
