Archive for the ‘Offshore’ Category

Chevron discovers larger Iago gas resource

Thursday, July 10th, 2008

Chevron Australia's appraisal well confirmed an extension of the Iago gas field located 80 miles (130 km) offshore northwestern Australia in WA-16-R permit. The Iago-2 well was drilled using Diamond Offshore semisubmersible Ocean Bounty in about 384 feet (117 m) of the water. The well discovered 154 feet (47 m) ...

Panhandle Oil & Gas Inc. Announces Plan to Move Stock Listing to New York Stock Exchange

Thursday, July 10th, 2008

Panhandle Oil & Gas Inc. today announced that it has filed an application to list its common stock on the New York Stock Exchange (NYSE) and expects to begin trading on the NYSE on July 22, 2008 under its current symbol "PHX". Until that time, Panhandle's shares will continue to ...

Santa Cruz residents rally against offshore drilling

Thursday, July 10th, 2008

About 20 county residents gathered in front of the Chevron gas station on the corner of Ocean Street and Soquel Avenue Wednesday to rally against presidential candidate Sen. John McCain and the United States' dependence on oil and natural gas. "We cannot drill our way out of greenhouse gases and oil ...

Florida Will Be Focus Of Offshore Oil Debate

Thursday, July 10th, 2008

The sparks are flying over energy policy--and talk of lifting a ban on offshore drilling in Florida will be a key theme of debate between presidential candidates John McCain and Barack Obama. Florida's chief attraction - the coastline – which has been at center stage in their campaigns. Sen. Obama's new ...

Indian company to start drilling gas in Myanmar

Wednesday, July 9th, 2008

An Indian oil company, the Essar, will start drilling test well at an inland block in Myanmar's western coastal Rakhine state to explore natural gas in the coming open season later this year, news journal 7-Day reported on Wednesday. The drilling will take place at block-L covering Sittway and Maungtaw regions ...

Strib’s offshore-drilling editorial boosts owner’s interests

Tuesday, July 8th, 2008

The Strib began overhauling its editorial board nine months ago, so it shouldn’t surprise that certain editorial positions have changed. In general, the page has shucked its rep as a lefty lightning rod; on some days, it’s hard to find a call to action at all. But a Sunday, June 29, ...

BOS to Provide Extensive 3-D Seismic Surveys Offshore Guinea as Hyperdynamics Moves Toward Drilling for a World Class Discovery

Tuesday, July 8th, 2008

Hyperdynamics Corporation (AMEX:HDY) announced that a new seismic services contract with Bergen Oilfield Services (BOS), out of Bergen, Norway was signed last Thursday, July 3, 2008. Over the last couple of months the two companies have been in negotiation regarding the details surrounding this extensive 3-D seismic program. This 3-D ...

Study: Offshore outsourcing dings customer satisfaction; Taking back office offshore ok

Tuesday, July 8th, 2008

A trio of professors working with the national Quality Research Center at the University of Michigan finds that offshore outsourcing hurts customer service ratings, but farming out back office operations has a limited impact. The working paper, conducted by the University of Michigan as well as Nasscom, India’s association of software ...

Vietgazprom: Tames China Sea Panther

Sunday, July 6th, 2008

Today’s chasing after new hydrocarbon reserves is more and more actively moving seaward. In the environment of high oil prices, oil and gas producers do invest more in developing offshore fields all over the world. Leading the universal tendency, Russian companies employ fleet and actively explore northern and southern sees adjacent ...

ONGC Videsh seeks to look for oil in Angola

Saturday, July 5th, 2008

ONGC Videsh Ltd (OVL) wants to ally with Angola's national oil company Sonongal to jointly bid for offshore exploration in that country, the government said in New Delhi on Friday. According to a government statement, Petroleum Minister Murli Deora had made the proposal to his Angolan counterpart on the sidelines of ...