cDiver

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Noble Energy’s Profit Beats As Output From US Fields Rises

July 25, 2014

Oil and natural gas producer Noble Energy Inc reported a better-than-expected profit in the second quarter, helped by a rise in production from its wells in Pennsylvania’s Marcellus shale field and Colorado’s Denver-Julesburg basin. While production from the Denver-Julesburg basin rose in the quarter ended June 30, Noble said the output fell below its expectations,… Continue Reading »

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Breitburn Energy To Buy QR Energy For $1.46B

July 25, 2014

Breitburn Energy Partners LP agreed to buy QR Energy LP for $1.46 billion in a deal to create one of the largest U.S. oil producers structured as a master limited partnership. QR Energy’s stock rose as much as 10 percent to $20.85, its highest in nearly two years. Breitburn’s shares fell 3 percent. U.S. energy… Continue Reading »

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Minehunter Rimini Finds Intact Naval Mine in Black Sea

July 25, 2014

Minehunter Rimini (engaged in the Standing NATO Mine Countermeasures Group 2) identified a mine still with its releasing device in the Black Sea. The discovery was exceptionally uncommon, due to the absence of mud on the device and the still existing connection with the anchor, as well as the physical-chemical properties of the water, thoroughly… Continue Reading »

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Update: Costa Concordia Begins Navigation Towards Genoa

July 24, 2014

This morning at around 11 am, the Concordia has begun its navigation towards Genoa with an average speed of 2 knots. The arrival in Genoa is planned at the moment between Saturday July 26th and Sunday July 27th. Preliminary activities for Concordia departure maneuvers have begun at 6 am this morning. After Concordia departure, environmental… Continue Reading »

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Talisman Says Approached By Spain’s Repsol About Deal

July 24, 2014

Talisman Energy Inc shares rose 13 percent on Wednesday as it confirmed it has been approached by Spain’s Repsol SA about potential deals, raising the prospect that one of Canada’s largest independent oil companies will sell off major assets or be taken over. Talisman, which has a market capitalization of nearly C$11 billion ($10.2 billion),… Continue Reading »

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Liquid Robotics Ocean Glider Collects Weather Data of Typhoon Rammasun

July 24, 2014

Battling estimated sustained winds of 145 mph and gusts to 175 mph, with waves over 45 feet, a Liquid Robotics Wave Glider® ocean drone positioned directly in the path of the storm successfully navigated and continuously collected weather data through the eye of Typhoon Rammasun (Category 5), one of Asia’s biggest typhoons in 40 years…. Continue Reading »

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Fuel Tank Hit in Clashes Near Libyan Airport

July 24, 2014

Fuel storage tanks that supply Tripoli were hit on Wednesday in clashes between rival Libyan militias, igniting a huge blaze near the international airport. More than 40 people have been killed in some of the worst violence in the capital since the 2011 war that ousted Muammar Gaddafi, as rival brigades of former fighters battle… Continue Reading »

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Europe’s Wind Capacity to Grow More Slowly Than Expected to 2020

July 24, 2014

Europe’s installed wind capacity will increase at a slower rate to the end of the decade than previously estimated due to regulatory uncertainty and weak economic growth, an industry association said on Wednesday. European Union countries will have a combined 192.4 gigawatts (GW) of installed wind energy capacity by 2020, 64 percent higher than 2013… Continue Reading »

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Lewis: Mexican Shale Will Lure Investment Despite Higher Costs

July 24, 2014

Mexico’s vast shale oil and gas potential will attract private investment despite significantly higher operating costs, a top executive with a leading U.S. shale producer said on Wednesday. Carlos Garcia, international business development manager with San Antonio, Texas-based Lewis Energy, said Mexico’s shale potential is the biggest such untapped resource in the world. “There isn’t… Continue Reading »

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EU Says Could Halt Technology for Russia to Develop Arctic Oil, Gas

July 24, 2014

The European Union should not give Russia technical help to develop Arctic oil and gas fields if Moscow fails to help to defuse the Ukraine crisis, EU Energy Commissioner Guenther Oettinger said on Wednesday. EU officials have always said energy should not be used as a weapon in attempts to solve the crisis over Russia’s… Continue Reading »

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