Hess Corporation announced today that is has completed the acquisition of 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash. The acquired properties are located near Hess’ existing acreage and have current net production of approximately 4,400 boe/d.
The rate of growth in shipbuilding industry of Russia in 2010 is projected at 103.2%, and in the period 2011-2013 the development of shipbuilding is expected at not less than 104-105%, the Russian Ministry of Industry & Trade year-end data said. This growth is believed to be achieved through the completion of large newbuildings orders at the country's leading shipbuilding companies.
Chinese shipyards are negotiating with Beluga Hochtief Offshore to build a pair of wind turbine installation vessels costing around $300m in total.
In Mexico, the company's subsidiary skidded, lifted and positioned switches inside the Laguna Verde Nuclear Power Station.
Intensive ice formation is expected in the northern region of the Baltic Sea until at least the end of this week.
Houston: Classification society ABS has released a Guide to address design considerations for the bottom founded support structure of an offshore wind turbine situated in tropical storm prone areas on the US Outer Continental Shelf (OCS) such as the Gulf of Mexico and East Coast. Titled “A Guide for Building and Classing Offshore Wind Turbine Installations”, the guide is said to be the first to specifically consider the conditions these structures may encounter in tropical storm prone waters.
A German cargo ship travelling from the UAE to Greece has been hijacked by Somalian pirates off the coast of Oman, the latest in a string of attacks in the region.
Steder Group, based in the Netherlands, handled a 245-metric-ton shipment of dredging equipment from Trapani, Italy, to Zeebrugge, Belgium despite freezing temperatures, heavy snowfall and ice just days before Christmas.
Reports from International Maritime Organisation (IMO) has indicated that a total of 27 incidents, involving piracy and armed robbery against ships engaged in international shipping, occurred within the first to third quarters of this year in West Africa.
Magnum Hunter Resources Corporation announced today that shares of its Common Stock have been approved for listing on The New York Stock Exchange ("NYSE"). The Common Stock will continue to trade under the ticker symbol "MHR". The Company's shares will begin trading on the NYSE sometime during the first ten trading days of January 2011.
China Ocean Shipping (Group) Company (COSCO), China’s largest shipping group, has been strengthening its foothold in Turkey since entering the market in 1996.
Gulf Keystone Petroleum (LONGKP) said today it will vigorously challenge an attempt by Excalibur Ventures to claim a 30 per cent share in its blocks in Kurdistan.
Pipavav Shipyard, India'slargest shipyard and rated as the world’s sixth largest shipping facility, is flush with orders and the number is growing dramatically. However, Pipavav has yet to make a debut on the delivery side though there is no definite day fixed for its first delivery.
Monday’s news about declining German yard deliveries in 2010 has been brightened by word now from leading cruise ship builder Meyer, writes Tom Todd.
Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, said that two deepwater oil fields hold 8.3 billion barrels of recoverable crude, exceeding previous estimates.
Keppel Offshore & Marine's wholly-owned subsidiaries Keppel Shipyard and Keppel Singmarine have clinched a number of new contracts, worth in total some S$240 million ($185 million).
Petrobras provides its November 2010 production and the average production of 2010.
AUSTRALIAN FIRM Nido Petroleum Ltd. is abandoning the Tindalo oil well off Palawan, saying the prospect is “uneconomic” due to increasing water-cuts and declining oil production rate.
Tidewater Inc. announced today that Joseph M. Bennett, Executive Vice President and Chief Investor Relations Officer, will present at the Pritchard Capital Partners Energize 2011 Conference in San Francisco, California on Wednesday, January 5, 2011, at approximately 9:45 a.m. Pacific time. The presentation will be available via real-time webcast at http://www.tdw.com. Playback will be available on January 5, 2011, at approximately 10:45 a.m. Pacific time and will be available for thirty days. Upon completion of the presentation, the company will also file a Form 8-K with the SEC which will include a transcript of the presentation and a copy of the slides used by the presenter.
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