The UK's oil producers group Oil & Gas UK cut Wednesday its forecasts for oil and gas production this year amid signs that declining output from mature fields and outages in the North Sea continue to outpace the impact of new projects and ...
Tags: Oil, Gas, Metallurgy, Mineral, Energy
The US Energy Information Administration (EIA) forecasts that China's net oil imports will exceed those of the United States by October 2013 on a monthly basis and by 2014 on an annual basis, making China the largest importer of oil in the ...
Tags: Metallurgy, Mineral, Energy
Shell will halt production from its Auger platform in the US Gulf of Mexico while it ties in wells from the Cardamom development, the company said Wednesday. The deepwater platform is currently producing some 55,000 b/d of oil equivalent, ...
Reform in Mexico has been talked about for many years, but substantial change that would likely involve some degree of constitutional amendment seems finally at hand, a Mexican energy legal expert said Thursday. With production dwindling ...
Seadrill Limited ("Seadrill" or "the Company") has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project ...
Tags: Transportation, Service
Nearly a decade after re-entering the US Gulf of Mexico and five years into its shale play foray onshore, Statoil is now an operator in both arenas, a coup for the Norwegian company best known for harsh-environment marine operations. ...
Tags: Statoil, foray onshore
Atwood Oceanics, Inc. (NYSE:ATW) (the "Company") announced today that one ofits subsidiaries has entered into a turnkey construction contract with DaewooShipbuilding and Marine Engineering Co., Ltd. ("DSME") to construct a ...
Tags: Construction, Service
HOUSTON, June 20, 2013 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported in a press release issued earlier today that it entered into a three-year contract with Anadarko Petroleum Corporation for the Rowan ...
Tags: Rowan, Day Rate, Ultra-Deepwater Drillship
Rosneft and ExxonMobil signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies’ joint ventures worldwide. Formally named the ...
Dredging is an activity that has deep roots in the construction and industrial trades, across a wide variety of applications. There's a dredge for virtually every activity, and even custom dredges produced for extremely specific ...
Tags: Dredging Company, Project
Sembcorp Marine's Jurong Shipyard secures landmark ultra-high specification jack-up rig at us$596 million from Noble Corporation Wednesday, May 29, 2013 Sembcorp Marine's subsidiary Jurong Shipyard has secured a US$596 million contract ...
Tags: Noble Corporation, Service, Landmark
The location and nature of the Scarborough natural gas field off Western Australia mean the project will be "very challenged from a cost point of view," Mark Nolan, ExxonMobil's vice president for Middle East and Australia, said Monday. ...
Tags: Chemicals
A long-standing dispute over the problems surrounding Kenya's sole refinery in Mombasa is escalating, triggering fears the country could lose clout as an investment magnet for neighboring countries. A financial crisis at the aging plant ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Researchers at Texas Tech University, Lubbock, Texas, have found that unprocessed low-micronaire cotton surpasses other, higher grades of cotton in its ability to absorb oil, making it the most effective cotton-based solution for cleaning ...
Global pipe and tube producer Tenaris said Wednesday that next week the company will start up two new presses at its mill in Pindamonhangaba, Brazil, the result of an US$180 million investment. The new presses will allow Tenaris to ...