Far East Energy Announces Completion of Gathering System, Nomination of First Gas Sales, and Anticipated Payment Before December 31

Far East Energy Corporation today announced that the Company and its Chinese partner, CUCBM, have initiated the process for nomination of initial gas for sales, with delivery to occur between late December and January 20, 2011.  In accordance with the Gas Sales Agreement, Shanxi Guoxin Energy Development...

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FMC Technologies to Supply Subsea Systems for Shell Offshore Inc.'s West Boreas Project

FMC Technologies, Inc. announced today that it has signed an agreement with Shell Offshore Inc. to supply subsea and topside systems for the West Boreas field development. The West Boreas field is located in the Gulf of Mexico, in Mississippi Canyon Block 762,...

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Hess completes acquisition of American Oil & Gas to gain Bakken oil acreage

Hess Corporation has completed the acquisition of American Oil & Gas Inc. The all-stock transaction increases Hess' strategic position in the Bakken oil play in North Dakota by approximately 85,000 net acres.  On July 27, 2010, American Oil & Gas, Inc. announced a corporate merger with...

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Allied Energy Begins Horizontal Drilling Program in Leon County, Texas

Allied Energy announced today that the Company has commenced drilling operations for its first horizontal well in Leon County, Texas. The Company plans to drill 7,000 feet +/- vertical and approximately 4,000 feet horizontal to test the oil bearing Woodbine Formation...

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Shell ends force majeure on Nigerian Bonny oil

Royal Dutch Shell said on Monday it has ended a one-month force majeure on exports for Nigerian crude oil grade Bonny Light after repairing a pipeline in Africa's top exporter. The firm had declared force majeure on November 19 -- freeing the company from contractual...

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Venezuela's oil output stands at 2.8 million bpd

Venezuela's oil production rose to 2.8 million barrels per day (bpd) in October versus 2.75 million in September, reported on Monday the Ministry of Energy and Petroleum, according to the numbers audited by an independent firm. [Read more] Source: EL Univer...

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Gran Tierra Energy Inc. (GTE) Issues 2011 Oil and Gas Budget

Gran Tierra Energy Inc. announced the company will spend $299.2 million in 2011 on its oil and gas program. The funds will be used for exploration and development on the company’s properties in South America, including Colombia, Peru, Argentina and Brazil. [Read more] Source: IBTi...

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Exxon Mobil Resumes Production at Oso Field in Nigeria Following Attacks

Exxon Mobil Corp. said it resumed output from the Oso field in Nigeria more than a month after its gas and condensate platform there was attacked by militants. “We have restarted 15,000 barrels per day of condensate from the Oso field,” spokesman Ozemoya Okordion said in an e- mailed response to questions...

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Statoil's Kristin and Tyrihans output resumed

Norwegian oil and gas firm Statoil said on Monday production at its Kristin and Tyrihans fields in the Norwegian Sea had resumed on Sunday after being closed for a week. [Read more] Source: Reut...

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Pipeline breach halts production

Chevron "confirms that there was a breach on its Dibi-Abiteye pipeline in Delta state on Friday, December 17," the US oil giant said in a statement. "We have suspended production to minimise environmental impact and have informed relevant government agencies...

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Sasol buying stake in Talisman's Montney shale gas

Sasol Ltd. agreed to buy a 50% stake in Talisman Energy Inc.’s Montney shale gas play in the Farrell Creek project in northeastern British Columbia for $1.05 billion (Can.), and the two companies plan a Farrell Creek area partnership that Talisman will operate.  Talisman...

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Rockhopper to Drill Next Falklands Well in January at Sea Lion

Rockhopper Exploration Plc, the only oil explorer to make a potentially commercial discovery in the Falkland Islands, said it will drill another well in the Sea Lion prospect next month. Rockhopper will spud an exploration well in the northern lobe in January...

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Al Ola-1X well in Egypt placed on stream: Circle Oil

Oil and gas explorer Circle Oil said that the Al Ola-1X well in Egypt has now been placed on stream following the receipt of official permission for a long-term production test. The Kareem Rahmi sand was perforated from 9,782ft to 9,802ft measured depth (MD) and is flowing at approximately 1,400bopd...

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Iraq: Al-Maliki submits new cabinet list to parliament

Prime minister Nouri al-Maliki overcame last-minute bickering within his fragile coalition today to submit a list of his new cabinet. The leader has almost certainly cleared the final hurdle to forming a government more than nine months after national elections....

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Halliburton Wins Contract for Jasmine

Halliburton has been awarded a contract by ConocoPhillips for directional drilling, logging-while-drilling (LWD) and surface data logging (SDL) services to help develop the high temperature Jasmine discovery in the central North Sea. Halliburton is an industry...

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Kosmos says reaches agreement with Ghana

Kosmos Energy, a privately owned oil exploration and production firm, said on Monday it has reached agreement with the government of Ghana and the country's state oil company to "amicably resolve several issues" between them such as Kosmos' corporate structure and debt facility. [Read more] Source:...

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Shell, EMGS form JIP

Shell and Electromagnetic Geoservices ASA have joined a joint industry project to plan and design the next generation 3D electromagnetic survey equipment. Over the next half-year, the JIP will conduct a feasibility study consisting of laboratory tests, design...

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Sovcomflot wins Exxon Neftegas supply vessel tender

On 16 December 2010 the Sovcomflot (SCF) Group of companies and Exxon Neftegas Limited (a subsidiary of ExxonMobil) signed long-term agreements for two icebreaking supply vessels to service the oil platform at the Sakhalin-1 Project Arkutun-Dagi offshore oil field. [Read...

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Wartsila strengthens market leadership with new LNG powered Platform Supply Vessel order

Wartsila, the marine industry's leading solutions provider, has strengthened its position as the global leader in supplying design and propulsion solutions for Liquefied Natural Gas (LNG) Platform Supply Vessels (PSVs) with yet another important order. [Read more] Source:...

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Siemens adopts power strategy aimed at reducing CO2 emissions from Barents Sea oil platform

Siemens Energy will supply power to the Goliat floating offshore platform in the Barents Sea north of Norway via a 106 kilometre long sub-sea cable, a strategy it says will reduce CO2 emissions from the oil and gas operation by 50 percent.  Typically, power...

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Bounty Oil And Gas NL Announce Progress Report on New Seaclem 1 Well

Bounty Oil & Gas NL is pleased to announce progress report on the New Seaclem 1 well in PEP 11, offshore NSW on behalf of the joint venture. Progress since Last Report The well was spudded at 00.00 hours AEDST 15 December 2010 and drilled the 9 7/8" pilot...

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Year-end newbuilding booms

With an expectation for an economic recovery after 2011 increasing and the atmosphere that vessel prices have hit the bottom and taken an upturn proliferating, the newbuilding market is getting more and more heated rather than starts the  sort-out for the end of the year as in other years.   [Read...

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Christmas gifts from Germany for Samsung

German shipping company Peter Doehle sent 31,800 bottles of wine, named Calicanto, to all workers at Korea's Samsung Heavy Industries (SHI) for Christmas gifts. [Read More] Source: Asia...

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Desire Spud Dawn/Jacinta Well; Starts Seismic Ops in North Falkland Basin

Desire Petroleum plc the oil and gas company wholly focussed on the North Falkland Basin, wishes to provide the following operations update. [Read more] Source: Offshore Energy Toda...

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EnCore Oil: Commencement of Drilling Operations on Varadero Well

EnCore Oil plc announces that the Varadero exploration well 28/9-2 in Central North Sea block 28/9 was spudded at 21.45 hours on Saturday 18 December 2010. The EnCore operated well is being drilled using the Transocean Galaxy II heavy duty jack-up rig and is being...

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JGC Corporation Announces Sale of Affiliate Interests to KBR

JGC Corporation announced that it will be selling its 44.94% share interest in M.W. Kellogg Limited (MWKL) to KBR. MWKL is a UK-based affiliate of both companies. Following the transaction, MWKL will become a wholly-owned subsidiary of KBR. The transaction is expected to be finalized in January 2011. Source:...

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Shipbuilding project in West Bengal hit by political uncertainty

The prevailing political turmoil in West Bengal has put a shipbuilding project proposed by Bharati Shipyard Ltd at Geonkhali in East Midnapore under a cloud. The Rs 2,000 crore project, a 50:50 joint venture between Bharati Shipyard of Mumbai and the Apeejay Surrendra...

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Soco spuds DRC wildcat well

Oil and gas company Soco International plc has spudded wildcat exploration well Bayingu-1 in the onshore Nganzi Block, Democratic Republic of Congo. The well will be drilled to about 2,520m and is expected to take 25 days to reach its target depth. Soco also said...

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Moex Offshore Reject Any Responsibility in Gulf Of Mexico Oil Spill Disaeter

Moex Offshore Announcement: “On December 15, 2010, the U.S. Department of Justice filed a complaint against nine companies, including MOEX Offshore 2007 LLC (“MOEX Offshore”). This complaint seeks removal costs, economic losses, and environmental damages under...

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Trelleborg Acquires UK-Based PPL Polyurethane Products – Strengthens Position in Offshore Oil/Gas

Trelleborg, through its Trelleborg Engineered Systems business area, has signed an agreement to acquire PPL Polyurethane Products Ltd., which has annual sales of approximately SEK 90 M and about 90 employees. PPL Polyurethane Products is based in the UK and develops,...

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PROSAFE : Organisational changes

Prosafe is implementing two organisational changes to strengthen the corporate management team. Sven Børre Larsen has been appointed as Chief Financial Officer, and will join the company on 1 January 2011.  Sven Børre Larsen (born 1976) was most recently...

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Roc Oil Announces Sale of WA-351-P, Carnarvon Basin, Australia

Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, has agreed to sell its 20% interest in WA-351-P, offshore Carnarvon Basin, Western Australia, to Woodside Energy Ltd for US$15.75 million subject to working capital adjustments. The effective date of...

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Yachtswoman, 15, completes 2,200-mile Atlantic leg of her record-breaking voyage around the world

A 15-year-old Dutch sailor has completed the longest leg so far of her attempted circumnavigation of the globe, saying it felt 'really weird' to be back on dry land after nearly three weeks at sea. Laura Dekker - aiming to become the youngest person to sail solo...

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Drydocks World wins $13m FPSO conversion project

Drydocks World announced that it has been awarded a conversion contract for the FPSO, estimated at $13m by BW Offshore, one of the world's leading FPSO contractors. [Read More] Source: AMEinfo....

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Refugee vessels feared lost at sea

A sixth boat ferrying asylum-seekers from Malaysia to Indonesia in 2008 was believed to have sunk with the loss of 86 lives, said Afghan Hazara community spokesman Hassan Ghulam. Of the six boats whose fate was unknown, most interest was centred on a vessel reportedly carrying 105 passengers that departed...

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OOCL Orders Two 8,888-TEU Ships

OOCL said it contracted with Hudong-Zhonghua Shipbuilding on Dec. 14 for construction of two new container ships with capacities of 8,888 20-foot-equivalent container units. [Read More] Source: Vietnam Ship...

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China now building helicopter-equipped salvage ships

The Ministry of Transport signed a contract with the China State Shipbuilding Corporation on Dec. 19 to start construction on two new types of all-weather large oceanic salvage ships equipped with a medium-sized rescue helicopter landing platform and hangar. [Read...

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Multi Maritime acquired by Fiskerstrand BLRT

IHS Fairplay reports that Multi-Maritime, the well-known Norwegian naval architects, have been acquired by Fiskerstrand BLRT, a shipbuilding company jointly owned by the Estonian group BLRT and Norway’s Fiskerstrand Verft. [Read More] Source: Offhsore Shipping Onl...

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Baosteel’s Shipbuilding Plates Sales May Exceed 1.4M Tons

Baoshan Iron and Steel (600019) may sell a record high of more than 1.4 million tons of shipbuilding plates in 2010, reports yicai.com, citing a release of Baosteel Group Corporation, parent of the listed company. Baoshan Iron and Steel sold 1.36 million tons...

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The wretched of the sea: piracy's 600 anonymous hostage

Huddled together in the dark sooty hulls of their ships, often abandoned to their Somali pirate captors by governments and shipowners, as many as 650 seamen await their fate on the edge of the Indian Ocean. Last month's release of British yachting couple Paul...

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Armed Guards Used to Combat Piracy on Ships, Lloyd’s List Says

Shipowners are ignoring industry advice and “routinely” employing armed guards to combat pirates, Lloyd’s List reported, citing owners it didn’t identify. Having armed guards on board means ships don’t need to speed up and don’t need to deviate away from pirate-infested...

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China Builds A New Coast Guard Fleet

China is building 37 new large coast guard (“Marine Police”) patrol ships. One is a 1,500 ton ship, one is 1,290 tons, six are 1,000 tons and 22 are 631 tons. The ships range in size from 66.5 meters to 90 meters in length. Speed ranges from 40-50 kilometers an...

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Horn of Africa: why India should care more

Africa has been of growing interest to India for political and economic reasons but does it have security implications for us? The answer is ‘yes,’ especially as we focus on a particular sub-region, the Horn of Africa. A recent, distinguished visitor to India from the area — Hailemariam Desalegn, Deputy...

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