New Oil Spill Containment System To Protect Gulf

New Oil Spill Containment System To Protect Gulf Of Mexico Planned By Major Oil Companies
A plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, […]

CNOOC Ltd Announces Commencement of Oil Production from BZ 29-4

CNOOC Limited (“the Company” or “CNOOC Ltd,” NYSE: CEO, SEHK: 883) is pleased to announce today that BZ 29-4, an independent oil field in the Bohai Bay, has commenced production successfully.

Rig contract executed for Songa Venus to drill Artemis-1

Key Points:
Drilling contract executed for Songa Venus to drill Artemis-1
Rig expected early to late November depending on present Shell drilling program

Excitement Builds for Avro Energy in South Arkansas

Avro Energy, Inc. (OTCBB:AVOE) is pleased to confirm that it used through the pipe well logging technology on its Weigel-Willis well in South Arkansas. The well logs were reviewed by an experienced well logging engineer who confirmed that there are four additional zones of interest in this well that also have good bonding behind the […]

Weatherford Inreases Revenues 22% Since Last Quarter

Weatherford International Ltd. (NYSE: WFT) today reported second quarter 2010 income of $80 million, or $0.11 per diluted share, excluding an after tax loss of $0.15 per diluted share. The excluded after tax loss was comprised of an $82 million non-cash charge for a fair value adjustment to the put option issued in connection with […]

Songa Venus - first optional well exercised under the Shell Development (Australia) contract

Songa Offshore SE is pleased to announce that the first of three optional wells has been declared by Shell Development (Australia) under the contract for Songa Venus. The well has further been assigned to MEO Australia Limited.

GE Signs Licensing Agreement for Oil and Gas Compressors with BHEL of India

Further expanding its technology presence in India and the region, GE (NYSE: GE) has signed a 10-year licensing agreement with Bharat Heavy Electricals Limited (BHEL) of India.

Northwest Pipeline GP Commences Open Season for Opal Market Link Project

Williams Partners L.P. (NYSE:WPZ) today announced that Northwest Pipeline GP is launching an open season to seek expressions of interest from shippers to participate in its new Opal Market Link project. Shippers can contract for long-term firm transportation service to move unprocessed natural gas from the Uinta Basin in Utah to the Opal Hub. Williams […]

Keppel Clinches Brazilian Projects from SBM for US$123.6 Million

Keppel has secured two contracts totaling S$170 million (US $123.6MM) from repeat customers for the conversion of a Floating Production Storage and Offloading (FPSO) vessel and repair of a semisubmersible (semi) drilling rig respectively.

Ensco plc Reports Second Quarter 2010 Results

Ensco plc (NYSE: ESV) reported diluted earnings per share from continuing operations of $0.82 for second quarter 2010, compared to $1.55 per share in second quarter 2009. Earnings from discontinued operations were $0.07 per share in the second quarter, compared to a loss of $0.14 per share a year ago. Discontinued operations in second quarter […]