China will extend a value-based tax on oil and natural gas sales to the entire nation starting next month to help conserve energy use in the… Reported by: Winnie Zhu, Jing Yang (Bloomberg) [mappress] Source: Bloomberg, October 11, 2011;
An Iranian research vessel has started exploration of the Caspian Sea’s southern shelf, national media reported on Monday… RIA NOVOSTI [mappress] Source: RIA NOVOSTI, October 11, 2011;
The well #2428 drilled from the platform #2415 at Oil Rocks field has been commissioned recently. It was drilled by Oil Rocks Offshore Exploration Drilling Office of Complex Drilling Works Trust. The daily production of the well drilled to Balakhany Suite makes 16 tons of oil from 1740-1728 meters i
The U.S. risks a repeat of the 2010 Macondo oil spill as its “wildcat culture” fails to put a premium on safety and security, the … Reported by: Ayesha Daya (Bloomberg) [mappress] Source: Bloomberg, October 11, 2011;
On October 9 in Beijing, CNPC and China International Trust and Investment Corporation (CITIC) signed a strategic cooperation memorandum and a framework agreement on overall oil and gas cooperation in Kazakhstan. CNPC President Jiang Jiemin and CITIC Chairman Chang Zhenming had a friendly discussion
Saipem has agreed the acquisition of 100% of TPG (Terminal Portuário de Guarujá S.A.), a company which fully owns, as a perpetual concession, an area of 35 hectares in Guarujá, within the industrial hub of Santos, the largest port of South America, in the state of São Paulo. The area is strategicall
E.ON Ruhrgas UK E&P Ltd., operator of Licence P1330, announces a gas discovery on the Tolmount prospect. The discovery is located in Block 42/28d in the UK Southern North Sea to the west of the E.ON-operated Babbage gas field. E.ON Ruhrgas UK E&P Ltd. and partner Dana Petroleum (E&P) Limited (a whol
The Lewek EMAS, the latest and largest floating production, storage and offloading (“FPSO”) vessel co-owned by EOC Limited, has successfully achieved first oil in Vietnam’s Chim Sao field on 10 October 2011. This milestone marks the commencement of the vessel’s US$1 billion charter contract with Pre
CGGVeritas provides its vessel utilization and its fleet allocation updates for the third quarter of 2011. Vessel utilization for the third quarter 2011: -The vessel availability rate was 91% including initial shipyard of the Champion for upgrades as part of our performance program. This compares to
In relation to the construction and operation of the natural gas pipeline in the Baltic Sea, Nord Stream conducts ambitious environmental and socio-economic monitoring in each country through whose waters the pipeline passes. Furthermore, for the purpose of providing a transparent overview, Nord Str
The United States is suffering from high unemployment, high energy prices, stagnant economic growth, and a massive budget deficit… [mappress] Source: canadafreepress;
Eni has started production from the Kitan oil field located between Timor-Leste and Australia, approximately 240km south of the Timor-Leste capital of Dili and 550km north of Darwin, Australia. Eni is operator of Kitan with a 40% interest while INPEX Timor Sea (35%) and Talisman Resources (25%) are
Seadrill Limited has successfully secured commitments from a group of commercial lending institutions and export credit agencies for a new US$550 million senior secured credit facility. The new facility has a tenor of five years and a 10 years amortization profile. Interest on the loan and the set o
Oil recovery teams head out on the water last morning to collect oil spilled from the cargo vessel Rena. The teams spent day before yesterday preparing ocean-going vessels for an offshore operation. Modifications had to be made to some of the vessels to ensure the safe operation of the heavy special
