Odfjell Offshore: Financing growth in ultra deepwater and harsh environment offshore drilling

Odfjell Offshore, the rig owning subsidiary of international drilling contractor Odfjell Drilling, has initiated an equity private placement to raise USD 400 to 500 million to further develop its current fleet of six state-of-the-art ultra deepwater and harsh...

Posted on 3/13/2012 / 0 comments / Read More

Ocean Installer receives first Letter of Intent

Ocean Installer announces receipt of a Letter of Intent (LOI) from Xcite Energy Resources Ltd ("XER") for the installation of two oil export pipelines from the Rowan Norway jack-up to a shuttle tanker.The LOI received for XER for the Bentley fields is for the...

Posted on 3/13/2012 / 0 comments / Read More

Chevron on Track to Achieve 20 Percent Production-Growth Target by 2017

Chevron Corporation (NYSE: CVX) is delivering strong financial results and progressing the projects that will drive the next significant growth phase, executives said today at the company's annual security analyst meeting in New York. "Financially, 2011 was...

Posted on 3/13/2012 / 0 comments / Read More