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Oil Companies Eye Crude Price Drop But Keep Drilling

September 20, 2014

HOUSTON, Sept 19 (Reuters) – A 13 percent slide in crude oil prices since June has eroded some of the allure of drilling U.S. shale resources and raised investor concerns, but companies are pushing ahead as prices are still above the breakeven levels that might prompt a slowdown. U.S. light sweet crude traded in New… Continue Reading »

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Petrobras Gets Nod to Deploy 13 FPSOs in Santos Basin by 2017

September 20, 2014

Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) issued a preliminary license to Petrobras for the installation of 13 FPSO (Floating, Production, Storage and Offloading) vessels in the Santos Basin by 2017. The FPSOs will be installed between 200 and 300 km away from the coast in Block BM-S-9, BM-S-11 in the pre-salt Santos… Continue Reading »

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Stena Clyde to Drill Pryderi-1 Well in Permit WA-424-P Off WA in October

September 20, 2014

Australia’s IPB Petroleum announced Friday that the WA-424-P Joint Venture (IPB 75 percent, CalEnergy 25 percent and Operator) have received notice from the rig contractor that the estimated commencement date for the Pryderi-1 rig contract is Oct. 17. Subject to current operations at the Puffin field (located approximately 74 miles or 120 kilometers north of WA-424-P), and based… Continue Reading »

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Petroceltic, Edison Awarded New Exploration Licence (Egypt)

September 20, 2014

Petroceltic International’s joint venture comprising Petroceltic and Edison International Spa (Edison) has secured the North Port Fouad Block, in the Egyptian Natural Gas Holding Company 2013 International Bid Round. North Port Fouad (Block 7), is located offshore the Nile Delta and lies to the north of, and immediately adjacent to, the North Thekah Block, which… Continue Reading »

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Newbuild Dive Support Vessel Arrives in Western Australia

September 20, 2014

Neptune Marine Services Limited announces that the Bhagwan Dryden, a new-build Dive Support Vessel, built in collaboration with Bhagwan Marine, has arrived in Dampier, Western Australia. As first announced to the ASX on 28 August 2012, the Bhagwan Dryden is a state-of-the-art 57 metre DP2 hybrid catamaran, with Neptune-supplied permanent air diving, inspection and survey… Continue Reading »

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Key Oil, Gas Figures Welcome Scotland’s ‘No’ Vote

September 20, 2014

Key figures involved in the UK oil and gas industry have responded positively to the “No” result in the Referendum on Scottish independence that was announced Friday morning, with Scottish oil services tycoon Sir Ian Wood and Royal Dutch Shell CEO Ben van Beurden welcoming the result. Just over two million people voted against independence,… Continue Reading »

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Drilling of Pingvin Prospect in Barents Sea Completed

September 20, 2014

As a partner in production licence 713, North Energy is completing the drilling of the Pingvin prospect in exploration well 7319/12-1. The well has identified gas in a sandstone reservoir. Extensive data have been acquired from the well through coring, wireline logging and liquid sampling. Updated information from the well will be provided as soon… Continue Reading »

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Petronas Still Eyeing Year End For Canada LNG Investment Decision

September 19, 2014

Pacific NorthWest LNG, a unit of Malaysia’s Petronas, still plans to make a final decision on the construction of a liquefied natural gas (LNG) facility in northwest British Columbia by year end, the unit’s president said on Thursday. Greg Kist, speaking at a Vancouver conference, said the final investment decision (FID) would hinge on whether… Continue Reading »

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RentOcean’s Equipment for Storage of Gemini OWF Cables

September 19, 2014

RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, has been awarded a contract to supply Van Oord Offshore Wind Projects BV a 3000t demountable onshore turntable system and accompanying equipment for a long-term storage project. The turntable and additional equipment will be used for storage of cables at Eemshaven, The Netherlands for the… Continue Reading »

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Chevron Vows To Use ‘Lessons Learned’ After Angola LNG Missteps

September 19, 2014

A string of missteps at a $10 billion Angolan liquefied natural gas venture has hurt Chevron Corp’s reputation as a top-notch operator of profitable energy projects around the world. Chief Executive Officer John Watson vowed Chevron will learn from the stumbles, which include multiple electrical fires, pipeline leaks, and even a worker’s death after a… Continue Reading »

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