New studies show huge economic and energy potential of untapped offshore areasTwo new studies released today by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added…
JPMorgan Chase & Co has hired Edwin Tay, formerly with Glencore, as a senior crude oil trader in Singapore, industry sources said on Wednesday.Tay starts with the U.S. bank in January, they said. JPMorgan declined comment.JPMorgan completed…
Ocean Rig UDW Inc. a global provider of off-shore contract drilling oil services, today announced the following: On November 18, 2014, Ocean Rig’s $120 million loan to its majority shareholder, DryShips Inc. (―DryShips‖), was approved by…
DryShips Inc. global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., off-shore contract drilling oil services, today announced the following: *…
A range of telemetry products that support robust, long-distance wireless communications in challenging, large scale environments such as those found in oil and gas, agriculture, water systems, forestry and public infrastructures are outlined in the SignalFire Wireless Telemetry Product Catalog…
Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has agreed to sell 51% stake of Keppel Merlimau Cogen Pte Ltd (KMC), which owns Keppel Merlimau Cogen Plant to Keppel Infrastructure Trust (KIT or the Trust) for a cash consideration of $510 million (KMC Transaction)…
The Lafayette Chapter of the American Association of Drilling Engineers (AADE) has announced its 2014-2015 board members. Members from oil and gas companies volunteer to serve as officers and committee members in an effort to promote industry education and other community efforts…
Cubility AS, an industry provider of solids control solutions that improve efficiencies and HSE around drilling operations, has announced the appointment of Kai Preben Sæveland as the company’s Chief Financial Officer.Kai’s role will be to manage the financial performance of the company…
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of November in the amount of Cdn. $0.06 per common share will be paid on December 15, 2014 to shareholders of record on November 30, 2014. Unless otherwise indicated…
San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that it has spudded the Gierałtowice well, which is the second well being drilled in the Karpaty area in Poland.The Gierałtowice…
The Gazprom Management Committee addressed the progress with the South Stream It was stressed that South Stream gas pipeline project was ready for constructing. This includes the most complicated part of the project – the first and the second strings of the offshore gas pipeline…
Eivind Holtsmark Ringstad from Oslo has been granted the Statoil talent scholarship in classical music for 2014.The grant is part of Statoil's talent program 'Heroes of Tomorrow', where the company supports young talents in education…
The '4th Annual Conference on the Outlook for Bunkering and Marine Lubricants in India' will be held on Thursday, December 4, 2014 at the Hotel Vivanta by Taj-President, Cuffe Parade, Mumbai.With the demand for shipping fuel at major…
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share…
President Energy gave a mid-November update on the progress of the Lapacho well, Chaco Region, Paraguay.The well has been drilled to 4,490m since setting casing at 4,125m. President has previously announced that a light oil/condensate…
