“Financial News for Major Energy Producers (the News)” is a report on the recent financial performance of major U.S. energy producers. Twenty U.S. majors collectively reported $17.4 billion of net income in the third quarter of 2010, which was 32-percent more than the $13.2 billion these companies r
Gas Innovations, a leading independent gases wholesaler and provider of equipment and services to industrial gas producers and distributors, announced the purchase of four acres adjoining the firm’s LaPorte, TX headquarters. The acquisition doubles the size of Gas Innovations’ facilities strategical
Technip was awarded a lump sum contract by Enbridge Offshore Facilities L.L.C. for the development of the Walker Ridge gas gathering system in the Gulf of Mexico, at a water depth of 7,000 feet (2,130 meters). This award reinforces Technip’s leading position in the Gulf of Mexico ultra deep water ma
The majority of carriers have delayed 1 January Asia-Europe rate increases, as Japanese shipping giants express concern over the supply and demand balance.
We have talked to operators about their exploration plans on the Norwegian Contintental shelf in 2011. Whilst the number of wells decreased last year to 40 wells compared to 65 exploration wells in 2009, 2011 is set to match the record year of 2009. About 60 wells have been scheduled so far.
Eni Norge says the wildcat well in the Barents Sea it is drilling was dry. Operator Eni is completing well 7120/12-5 in PL489, which was drilled about 115 kilometres northwest of Hammerfest and about 50 kilometres west of the Goliat field
Nordane Shipping has chartered out a second icebreaker to the Danish naval command for service in the Limfjord. The icebreaker in question is the Stevns Icebird, which has been stationed in the entrance to the Limfjord, a place where ice traditionally is giving trouble for shipping. Since early Dece
With effect from 1 January 2011, the warranty on all VETUS equipment will be extended to 3 years and the warranty on engines and generators will be extended to 5 years. With these extended warranty periods, the boat owner is offered extra confidence in our products. The interests of the boat owner a
Tideland Signal has supplied a package of navigational warning systems to replace obsolete lights on the bridge-linked Ekofisk Kilo and Bravo platforms in the North Sea. The new system, incorporating the latest technology, comprises two main Syncrolan light stations located at opposite ends of the c
Karnafuly Joint Venture Consortium Limited has signed a contract with the Bangladesh Water Development Board (BWDB). The contract is signed for the delivery of two CSD 650 including components for a floating pipe line for both dredgers. The contract signing ceremony for the delivery of two Cutter Su
The Federal Government lost around $60 million to the recent closure of the Nigeria Liquefied Natural Gas (NLNG) plant in Bonny, Rivers Stat… (allafrica) [mappress] Source: allafrica, January 5, 2010;
W&T Offshore, Inc. announced today that its Board of Directors has approved the Company’s 2011 Capital Budget of $310 million, excluding the pending acquisition of the Gulf of Mexico producing shelf property under letter of intent with Shell Offshore Inc. and other potential acquisitions. The Budget
Cheniere Energy Inc. has completed an equity offering of $55.38 million with five investors, according to a filing with the SEC… (citybizlist) [mappress] Source: citybizlist, January 5, 2010;
Statoil Petroleum AS (Statoil) has received consent to carry out drilling and completion on the Alve field and well intervention on the Urd field with the mobile drilling facility West Alpha. The consent includes drilling and completion of well 6507/3-L-4 AH on the Alve field and well intervention i
