Entek Energy intersects 200ft gas column at offshore well in Gulf of Mexico

After intersecting around 200 feet of net gas pay during drilling, Entek Energy's GA A133 well in the Gulf of Mexico has now been temporarily suspended. The well is awaiting tie in to production as early as the end of the second quarter 2011. As gas prices are anticipated to rise, GA A133 is expected...

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AJ Lucas cuts earnings on Gorgon delay

AJ LUCAS Group has slashed its earnings expectations following delays at the $43 billion Gorgon gas project in the state's north west. The earnings downgrade is also on the back of Queensland’s flood crisis and well as delays in approvals for the start of other infrastructure projects. AJ Lucas said...

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Clough Helix JV receives LOI for CACT Project, offshore China

Engineering and construction company Clough Limited today announced that the Clough Helix Joint Venture has been given a letter of intent by COOEC Subsea Technology Co Ltd (COOEC means China Offshore Oil Engineering Co) for offshore installation support activities...

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Singapore Oil and Gas Report Q1 2011

The Singapore Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Singapore's oil and gas industry. The...

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Vietnam to sell 49 pct of Dung Quat refinery

State oil and gas group Petrovietnam plans to sell a 49 percent stake in its Dung Quat oil refinery to help provide funding put at $1 billion to expand the plant's capacity, a state-run news website said. [Read more] Source: Reut...

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Happy 2010 for Chinese

2010 was definitely a happy year for most Chinese shipbuilders. Jiangsu Yangzijiang Shipbuilding was one of them. In the first eleven months of 2011, Yangzijiang delivered 45 ships while the output of Jiangsu Province reached 19.86m dwt, which exceeded the original...

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Hanjin holds naming ceremony under strike

Korea's Hanjin Heavy Industries & Construction held a naming ceremony for its 180,000-ton class bulker, 'CHRISTINA BULKER´, at Youngdo yard yesterday while the company still struggles in restructuring and general strike. [Read More] Source: Asia...

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STX's Rauma yard to deliver biggest Channel ferry to P&O

STX's Rauma shipyard in western Finland is to deliver MS Spirit of Britain to British ferry operator P&O on Wednesday. The new ship will be the biggest English Channel ferry, with a length of 213 metres and a capacity of about 2,000 passengers, 195 cars and 180 lorries. [Read More] Source: Helsinki...

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Chinese shipyards weather hard times

China's shipyards delivered less than 80 percent of their existing orders in the withering global shipping market, said a report from the China Association of the National Shipbuilding Industry (CANSI). A total of 70 million deadweight tonnage (DWT) of ships were scheduled for delivery in 2010, but...

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Massively indebted Vietnamese shipbuilder misses payment

International investors are growing concerned about Vietnam's state-owned shipbuilding conglomerate Vinashin, which is on the verge of bankruptcy. Its failure would have dire consequences for one of the most dynamic south-east Asian economies. Vinashin is the...

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Ship sinks off China, 15 missing

RESCUERS have been searching for 15 seafarers missing after their general cargo ship reportedly sank in the Yellow Sea. [Read More] Source: Safety at ...

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A mariner's nightmare

Not a single day passes by when a seafarer does not think of piracy at sea. It is a nightmare for all mariners, who live on the sea. No mariner, however strong he is, can deny that he is not scared of the scourge of piracy at sea. It was another win for the barefoot...

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Colombo yard wins order for MPSV

Sri Lankan shipbuilder Colombo Dockyard has won an optional contract to build a third multipurpose platform supply vessels (MPSV) for Greatship Global Offshore Services of Singapore, a subsidiary of Greatship (India) Limited (GIL). [Read More] Source: Motors...

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Successful marine tests and refinancing plan approved

Remora AS has successfully completed the technical marine tests and verified the capabilities of its first vessel, the HiLoad DP #1. An important milestone for Remora was reached on December 17, 2010 where the Certificate of class was issued by the Classification...

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WindPower Innovations reveals Barnhart Crane & Rigging's role in Oregon

 In its 2011 progress report, WindPower Innovations has unveiled the importance of its strategic alliance with Barnhart Crane & Rigging Co, completing the supply chain for its full service heavy lift WindPower Innovations facility, in the State of Oregon. [Read More] Source: Heavy L...

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Rotterdam Port warns on future growth

The Netherlands: The port of Rotterdam has increased its cargo throughput, but the port authority has warned that future growth and stability will depend on creating niche markets and exploiting the port’s expertise in efficient logistics processes. [Read More] Source:...

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Oil industry calls on Congress to open more areas to drilling

The American Petroleum Institute has a message to Congress as it starts work Wednesday: Open more areas for drilling and we will create more jobs for the American people. "With the right policies in place at all levels of government, our industry stands ready...

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Chinese Shipping Through N.Korean Port in Full Swing

In official confirmation that closer China-North Korea business ties have come to fruition, the state-run Xinhua news agency and local media in Jilin on Monday said China has transported 20,000 tons of coal from a mine in Jilin to Shanghai and Ningbo through North...

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Petrobras confirms interest in Eni's Galp Energia

Brazilian super-major Petrobras confirmed various media reports today that the mega-producer is mulling an opportunity to acquire a stake in Portuguese oil producer Galp Energia, which is held by the Italian major Eni Spa. “Petrobras confirms that it is considering...

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The new International Buoyage System

Despite the availability of satellite navigation systems, and ships that are awash with electronics, maritime buoyage still matters, particularly in pilotage waters where visual aids provide the best possible way of marking a channel or identifying obstructions. [Read...

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Decline in Asia to Europe rates slows

The decline of container rates on the Asia to Europe trade slowed last week, as prices dropped just US$4 per teu. According to the Shanghai Shipping Exchange (SSE), rates on services from Shanghai to Northern Europe dropped from $1,337 per teu for the week ending 10 December, to $1,333 per teu for the...

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Shipowners mutiny over salvage fees

British shipowners are lobbying to stop a change in the rules governing one of the most emotive subjects in the maritime world - salvage fees. [Read More] Source: Sea N...

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Statoil says Snoehvit LNG to restart after repairs

Norwegian oil firm Statoil said on Tuesday that its idle Snoehvit gas field in the Barents Sea will resume production in late January after an onshore processing facility returns to service following repairs. [Read more] Source: Reut...

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Colombia: Petroamerica to get Llanos interests

Petroamerica Oil Corp., Calgary, will acquire participating interests from a Talisman Energy Inc. unit in four Llanos basin exploratory blocks in Colombia. Cepsa Colombia SA operates the Los Ocarros, El Sancy, El Porton, and El Eden blocks, which cover more than 441,000 acres gross in a prospective...

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Top Ocean Carriers' Capacity Swelled 14 Percent in 2010

The top 20 container lines increased their operated capacity 14 percent over the last 12 months, as the strong recovery in freight volume led carriers to take on new tonnage over 2010, Alphaliner reported. The total liner capacity of both cellular and non-cellular...

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Denbury Completes Sale of its Interests in Encore Energy Partners LP; CO2 Injections Commence at Hastings Field

Denbury Resources Inc. today announced that on December 31, 2010 it closed the previously announced sale of its ownership interests in Encore Energy Partners LP to Vanguard Natural Resources, LLC (NYSE: VNR) (“Vanguard”). Denbury sold to Vanguard 100% of its interest...

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Supertanker Rents May Stagnate After Worst December in a Decade

Rental income from supertankers plying the industry’s key route may stagnate this year after the worst December since at least 2001 as an expanding fleet cuts rates owners can charge for vessel charters. Returns from shipping Middle East oil to Asia averaged $18,417...

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Dry bulk market begins new year on sour note

Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk market on a downward trend, with the industry’s benchmark, the Baltic Dry Index (BDI) beginning the year exactly like it...

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Devon says Canadian oil output returns to normal

Devon Energy Corp's Canadian heavy oil production has returned to normal levels after the company cut back output by 10,000 barrels per day for much of December to cope with outages on the Enbridge Inc (ENB.TO: Quote) pipeline system, a spokeswoman said on Tuesday. [Read...

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Xcite shuts well for future production use

Xcite Energy Limited said the 9/3b-6z well on the North Sea Bentley field has been suspended for potential future use as a production well. The Ocean Nomad drilling rig is off hire from the Bentley field location. [Read more] Source: IBTimes....

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Deep Driller-1 appraises KG block find

Gujarat State Petroleum Corp has spudded the second appraisal well in the Deen Dayal East area of the Krishna Godavari basin offshore India. According to partner Jubilant Offshore Drilling, well DDE-APP-1 is being drilled by Aban Offshore’s Deep Driller-1 rig in 101 m (331 ft) water depth in block KG-OSN-2001/3. [Read...

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Circle Oil discovers natural gas with KSR-10 well in the Rharb Basin of Morocco

Circle Oil Plc reported that the KSR-10 exploration well has been drilled, logged and successfully tested in the Sebou Permit, Rharb Basin, Morocco.  Circle Oil confirms a gas discovery in both the Main Hoot target and a secondary Mid Hoot target. The well...

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Apache begins decommissioning of Lengendre oil field offshore Australia

Apache Corporation has started the planned decommissioning operations after cessation of production from the Legendre oil field in Production License WA-20-L, 90 miles (150km) off the northwest coast of Western Australia. The main Legendre structure was discovered...

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Ithaca Energy announces stable production from second workover well (A23) on Beatrice Alpha

Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited, an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, is pleased to announce that stable production from the second workover well (A23) on Beatrice Alpha...

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Origin Energy contributes $1 Million to the Queensland Premier's Disaster Relief Fund

Origin Energy today announced it would contribute $1 million to the Premier's Relief Fund. "We are thinking of the families right across Queensland who have been hit so hard by the floods so close to Christmas,” said Managing Director Grant King. In addition to...

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Dana Gas exceeds 2010 production targets in Egypt

Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company, has announced that its annual production rate for 2010 from its Nile Delta Concessions in Egypt is an estimated 42,000 barrels of oil equivalent per day, an increase...

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EnCore Oil's Varadero well encountered hydrocarbon bearing reservoir

EnCore Oil plc, an oil and gas exploration and production company, has announced that the Varadero exploration well 28/9-2 located in UK Central North Sea block 28/9 was drilled to a total depth of 5,205ft measured depth having successfully encountered quality...

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Greece: Dryships Gets Hold of its First Newbuilding drillship OCEAN RIG CORCOVADO

DryShips Inc. , a global provider of marine transportation services for drybulk cargoes and offshore contract drilling oil services, announced today that its 78% owned subsidiary Ocean Rig UDW Inc. successfully took delivery of its newbuilding drillship, the Ocean...

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Bounty declares Seaclem 1 a dry hole

Bounty Oil & Gas NL says its Seaclem 1 exploration well in PEP 11 offshore New South Wales, Australia, encountered no hydrocarbons. Bounty says data from the well will be used to further identify potential reservoirs in the Sydney basin. [Read more] Source:...

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Desire sees 'no significant hydrocarbons' at Dawn offshore the Falklands

Desire Petroleum plc the company wholly focused on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a total depth of 1,697 metres in pre-rift sediments.  Based on preliminary drilling and wireline logging data...

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TGS Signs Cooperation Agreement with DMNG in Arctic Region

TGS has signed a three year sales, marketing and 2D seismic Cooperation Agreement with Dalmornefte Geophysica Yuzhno- Sakhalinsk (DMNG) in the Arctic region, east and west of the Bering Strait.  The Cooperation Agreement includes industry funded 2D operations...

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Lundin Petroleum Completes Exploration Well In Norway

Lundin Petroleum AB (Lundin Petroleum) completed the exploration well 16/7-9 on the Norall prospect located in Block 16/7, (PL409), in the central part of the North Sea on the Norwegian Continental Shelf.    This was the first exploration well in PL409...

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Cairn contracts two rigs for drilling offshore Greenland

Continuing its exploration campaign offshore Greenland, Cairn has secured two dynamically positioned deepwater rigs to work the 2011 drilling season. Both operated by Ocean Rig, the Leiv Eiriksson is a fifth generation semisubmersible rig, and the Ocean Rig Corcovado...

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Combination of Acergy S.A. and Subsea 7 Inc. Expected to complete on January 7, 2011

Acergy S.A . and Subsea 7 Inc.  announced  that the combination between the parties is expected to be completed on January 7, 2011. In light of this, the following is announced: After completion the new company will be known as Subsea 7 S.A. and the...

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The Netherlands: Dynamic Positioning Capability Forecast, Planning of Operation, Hours and Days Ahead

One of the extensions within OCTOPUS-Onboard is the Dynamic Positioning capability forecast function, DP for short. The OCTOPUS-DP functionality gives offshore vessels the possibility to make optimum use of a safe time window for their weather-sensitive operations....

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Deep Down Announces Formation Of New JV, Cuming Flotation Technologies

Deep Down, Inc. , an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced the formation of a new joint venture, Cuming Flotation Technologies, LLC (the "JV") with an affiliate...

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Maersk Oil Submits Report to the Danish Environmental Protection Agency

In connection with a series of articles in December 2010, questions were raised concerning whether Maersk Oil was in compliance with the prevailing guidelines for water sampling and analysis and oil spill reporting. The Danish Environmental Protection Agency subsequently...

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Woodside denies talks of a pipeline from floating LNG platforms into East Timor

Woodside's proposed billion-dollar Greater Sunrise floating liquefied natural gas (LNG) platforms in the Timor Sea remain locked in a controversy as the East Timor government maintains its position that a processing plant be built inside the country instead of...

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Empire Oil & Gas to commence drilling at Red Gully-1 well in Western Australia

Western Australia based Empire Oil & Gas is scheduled to commence drilling at the Red Gully-1 well within the EP 389 permit, in the Perth Basin, tomorrow 5 January 2011. Red Gully-1 is a directional well designed to evaluate the Gingin West Block A structure that is mapped updip from the Gingin...

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Jacka Resources kicks off drilling at Menzel Horr-1 well in Tunisia

Oil an Gas Explorer Jacka Resources commenced drilling at the Menzel Horr-1 (MHR-1) well on the Bargou Block in Tunisia, on 3 January 2011. The Menzel Horr Prospect is the first of two wells planned on the block within the Bargou Exploration Permit. The appraisal well Hammamet West-3 is scheduled...

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KBR Completes Acquisition of Affiliate Interests in M.W. Kellogg Limited (MWKL) from JGC Corporation

KBR today announced that it has completed the acquisition of the 44.94 percent share interest in M.W. Kellogg Limited (MWKL) previously held by JGC Corporation. With the completion of the transaction, MWKL, which was previously an affiliate of both companies since 1992, is again a wholly-owned KBR subsidiary....

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Hawkley ready to become gas producer

Ukraine-focused energy explorer Hawkley Oil and Gas Ltd says it is ready to make the leap to energy producer this month. The company says commercial production from its assets in the Dnieper-Donets basin in Ukraine is expected to begin later this month after a new gas pipeline was completed. [Read more] Source:...

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Norwest swaps Hunt 3 rig for 2 rig to drill Red Hill South

Norwest Energy NL has been offered Rig  2 by Hunt to drill  Red Hill South. Rig 2 has become available and is better suited to drill Red Hill South. The Company has executed a Letter of Intent to secure Rig 2 and is awaiting the formal contract that...

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Tap Oil Announces Craigow-1 Well - Final Report

Tap Oil Limited (“Tap”) provides the following final report on the Craigow-1 exploration well, offshore Bass Basin between Victoria and Tasmania. Since the last weekly report at 06:00 hours (EST) on 29 December 2010, the well was drilled in 311mm (12 ¼”) hole...

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