Houston-based Freeport-McMoRan Oil & Gas (FM O&G) will be the first US oil producer to launch an initial public offering (IPO) in 2015. The company filed a registration statement on Form S-1 with the US Securities and Exchange Commission…
Siem Offshore (SIOFF) agreed to sell Siem Daya 1 to Daya for US$120 million. In addition, SIOFF is entitled to a 60/40 profit share in SIOFFs favor based on the profit Daya makes on the vessel limited to an additional $10 million…
Rexroth developed a new control solution that can easily be connected to the customer's system using predefined interfaces. Numerous hardware variants in the form of an extensive modular system allow the designer maximum flexibility and reduce…
Belden Inc. released new research that shows the recently revealed Dragonfly (Havex) malware is likely targeting the pharmaceutical sector, not the energy sector as previously believed. Belden says until now, advanced cyber-attacks against…
BP announced that it has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters related to the suspension, debarment and statutory…
At a meeting of the HRT's Board of Directors held on Dec. 20, 2013, resolutions were passed on the following motions by the majority of the members in attendance: To acknowledge that the election of Messrs. Edmundo Falcão and Marcello Pacheco is null and void…
Cairn India Ltd. today announced that its board of directors approved a proposal for the buyback of equity shares of the company from its existing shareholders. The buyback would be done from the open market through the stock exchanges…
Over the past few years, the need to protect Industrial Control Systems (ICS) from cyber threats has greatly increased. The integration of industrial Ethernet infrastructure with business networks (and the outside world) has exposed once…
Over the past few years, the need to protect Industrial Control Systems (ICS) from cyber threats has greatly increased. The integration of industrial Ethernet infrastructure with business networks (and the outside world) has exposed once…
On 15 Feb 2013, Colombia's Ecopetrol SA announced its proven reserves (1P, according to the international designation) of crude oil, condensate and natural gas, including its interest in affiliates and subsidiaries, as of December 31, 2012. Proven net reserves (1P) increased to 1…
Photo: Tar Sands BlockadeTexas man sues to stop Keystone construction OilPrice.com - Now that elections are over, everyone is waiting for a decision on the Keystone XL pipeline, but it's not so easy amid the atmosphere of protests that have…
Spectra Energy Corp announced it has entered into a definitive agreement to purchase 100% of the ownership interests in the Express-Platte Pipeline System from Borealis Infrastructure, the Ontario Teachers' Pension Plan and Kinder Morgan Energy Partners for $1…
NOVCFO Williams to head National Oilwell Varco National Oilwell Varco, Inc. (NYSE: NOV) announced today that Clay Williams has been named President and Chief Operating Officer of National Oilwell Varco.Mr. Williams has served as the Company’s…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
Worries about the future of natural gas dominated proceedings as the SPE’s Annual Technical Conference & Exhibition made its international debut in Florence last month. Speakers focused on what the industry must do to meet burgeoning global energy demand…
