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Offshore Oil
Offshore Oil news and technical articles from Oil & Gas Financial Journal. Search Offshore Oil latest and archived news and articles
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Recent GOM lease sale bodes well for offshore oil service providers
… direction of the US regulatory environment and bode well for offshore oil service providers, said Global Hunter Securities (GHS ..... analysts say the positive results bode well for its offshore oil service coverage and noted that companies most likely …
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Quantum Energy Partners forms Renaissance to acquire offshore oil , gas properties
Houston-based private equity firm Quantum Energy Partners has once again formed a company to acquire US oil and gas properties, reports Bloomberg. Only this time, the newly-formed company will focus on offshore US oil fields.
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Increased emphasis on risk mitigation needed in offshore oil and gas industry
While not admitting to a weak safety culture, BP's Robert Dudley recently told the Houston Chronicle that his organization is committed to strengthening the safety culture and "giving it a seat higher up in the company."
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eField launches next dimension in offshore oil exploration
Orange County, Calif.-based geophysical surveying industry joint venture partner and service provider eField Exploration LLP has completed its first Offshore Airborne Survey for the oil and gas exploration industry.
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CNOOC, Eni join hands again in South China Sea
China National Offshore Oil Corp. Ltd. ’s parent company, China National Offshore Oil Corp., has signed a production sharing contract with Eni China BV (Eni) for the deepwater Block 30/27 in South China Sea. Block 30/27, located 400 …
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IFC invests in Dubai-based GAC to support oil operations in Kazakhstan, Africa, the Middle East
… marine services provider acquire new vessels to support offshore oil operations , spurring economic development and better ..... s purchase of up to six supply vessels to support offshore oil rigs. Three vessels will operate in Kazakhstan, while …
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President Obama selects Bromwich to lead MMS reorganization
… oversee the reorganization of the Minerals Management Service, the agency charged with the regulation and oversight of offshore oil drilling. Recently, Interior Department Secretary Salazar announced plans to split MMS into three new divisions – the …
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Oilfield services provider EnerMech sets stage for international growth
Aberdeen-based EnerMech, a provider of mechanical engineering services to the global offshore oil and gas industry, has expanded its international presence with an acquisition, a new contract in Azerbaijan, and a new financial …
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Devon Energy completes sale of Panyu Field in China
… production company Devon Energy Corp. has completed the sale of its Panyu field located offshore China to China National Offshore Oil Corporation (CNOOC) for $515 million, or approximately $370 million after tax. During 2009, Devon's production …
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Ex-Im Bank finances US exports to RIL for exploration, development in India
… Mumbai, India, for its onshore and offshore oil and gas exploration and production ..... company recently expanded into offshore oil and gas exploration and production ..... in the Hibernia and Terra Nova offshore oil projects, and through our exploration …