EOC BAGS SIZEABLE US$45M PIPELAY PLATFORM INSTALLATION CONTRACT FROM CHEVRON

EOC Limited (EOC or the Group), a leading provider of offshore oil and gas (O&G) support services in Asia, has secured a sizeable pipelay and platform installation contract from new clients - Chevron Offshore (Thailand) Limited, Chevron Thailand Exploration and Production, Ltd and Chevron Pattani,...

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Pacific Rubiales says Colombia well drilling a success

Canadian oil firm Pacific Rubiales Energy Corp said drilling at its Apamate-1X well in Colombia showed positive results. [Read More] Source: Reut...

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Concho Resources to sell its Bakken assets for $196 mln

Independent oil and natural gas company Concho Resources said it agreed to sell its North Dakota Bakken assets for $196 million to Linn Energy . [Read More] Source: Reut...

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Gastar Exploration Acquires Additional Marcellus Shale Acreage in Liquids-Rich Area of West Virginia

Gastar Exploration Ltd. (NYSE Amex: GST) today announced that it and its joint venture partner, Atinum Marcellus I LLC ("Atinum"), have leased an additional approximate 3,300 gross acres in Marshall County, West Virginia to develop the liquids-rich Marcellus Shale formation.  Under the joint venture...

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Saudi Aramco CEO says extra oil supply needs met

All demands for extra oil have been met, Saudi Aramco [SDABO.UL] CEO Khalid al-Falih told reporters on Monday, following promises from the leading exporter last week it would fill any supply gap left by Libya. [Read More] Source: Reut...

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Petrobras Profit Surges 38% on Oil Production

Petrobras Profit Surges 38% to Record on Brazil Oil Production Petroleo Brasileiro SA, the world’s third-largest oil company by market value, said fourth-quarter profit surged 38 percent to a record after production increased. [Read More] Source: Bloomb...

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BP sues UK gov for £300m over decade-old tax bill

BP is suing the British government for just under £300m in compensation for a "disputed duty" that it paid on a deal made in 1999. It is backed by US bank JP Morgan and third claimant Guaranty Nominee. [Read More] Source: First P...

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Red Hill South well to spud today

Norwest Energy NL announces that the Red Hill South – 1 well in the TP/15 Permit expects to spud today. [Read More] Source: fortbri...

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Colombia oil line attacked

Colombia's Cano Limon-Covenas oil pipeline, transporting around 80,000 barrels per day (bpd), has been attacked but exports have not been affected, a source at state-run Ecopetrol said on Saturday. [Read More] Source: Reut...

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Dart Energy Announce Early Acquisition Of Composite Energy Limited

Global coal seam gas company Dart Energy Limited (ASX:DTE) is pleased to announce that it has agreed to acquire the 90% of Composite Energy Limited ("Composite") that it does not already own for approximately US$46.7 million. The consideration will be satisfied...

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Egypt gas to Israel to resume by March 4 -Ampal

Egyptian gas supplies to East Mediterranean Gas and its clients in Israel are expected to resume by March 4, Ampal-American Israel Corp said on Sunday. [Read More] Source: Reut...

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Seadrill Orders, Secures Contracts for Two Tender Rigs

Seadrill Ltd., the owner of the world’s second-largest fleet of deepwater rigs, placed a $225 million order for two tender rigs from China’s COSCO Nantong shipyard for delivery in 2013. [Read More] Source: Bloomb...

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China to Support Greek Shipowners with USD8bn-10bn

China is willing to provide a financial support for Greek shipowners having their ships built in Chinese shipyards, which will raise from earlier USD 5 billion to between USD 8 billion and USD 10 billion, citing Ioannis Diamantidis, Greek Minister of Maritime Affairs. [Read More] Source: TMC....

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