

Friday, November 20, 2009 - According to the RigLogix team, Cameron leads the pack of BOP companies with approximately 422 BOPs working on offshore rigs.
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Most Popular News
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Industry Headlines
Analysis: Offshore BOP Companies Play It Safe
Friday, November 20, 2009 - According to the RigLogix team, Cameron leads the pack of BOP companies with approximately 422 BOPs working on offshore rigs.
Woodside Sees Higher Costs at Pluto LNG Project
Friday, November 20, 2009 - Woodside remains on schedule to deliver first gas from Pluto at the end of 2010 and first liquefied natural gas in early 2011, but development costs will exceed the approved $11.2 billion.
Baker Hughes: US Oil, Gas Rig Count Up 12 to 1,113 This Week
Friday, November 20, 2009 - The number of rigs drilling for oil in the U.S. climbed this week, but the gas rig total slipped as producers curbed output in response to low prices.
Pemex Sees 7.5% Decline in Crude Output from Jan-Oct
Friday, November 20, 2009 - Pemex said Friday its crude oil production averaged 2.61 million barrels a day during the January-October period, down 7.5% from the same period in 2008.
IER: Technology Remains Key to Safe Offshore Energy Devt
Friday, November 20, 2009 - Over the past 50 years, the U.S. oil and gas industry has developed innovative, 21st century technologies and exploration techniques that are efficient, pose little threat to the environment, and ensure worker safety.
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Exploration
Marathon on the Prowl in Poland's 'Unconventional' Gas Fields
Friday, November 20, 2009 - Houston-based Marathon is joining other big oil companies in tapping the eastern European oilpatch.
Nigeria Renews Three Oil Leases for ExxonMobil
Friday, November 20, 2009 - Nigeria has renewed three of ExxonMobil's operated oil leases that pump more than 550,000 barrels of oil per day.
Oilex Spuds First Well in Timor Sea Drilling Program
Friday, November 20, 2009 - The Lore-1 well, the first well of a 2 well program in the Timor Sea contract area JPDA 06-103, was spudded on November 20, 2009.
BOS Scores 3D Surveys Offshore Mozambique, Tanzania
Friday, November 20, 2009 - BOS has confirmed the award of two large frontier 3D surveys offshore Mozambique and Tanzania on behalf of Statoil.
Maurel & Prom Discovers New Oil Reservoirs in Gabon
Friday, November 20, 2009 - Maurel & Prom reported that the Onal 1002 well has reached a vertical depth of 1,195 meters, and has encountered 82 meters of hydrocarbon-impregnated reservoirs in the Kissenda Sandstone.
Brinx, Partners Spy Additional Hydrocarbon Shows at OK Project
Friday, November 20, 2009 - Brinx Resources reports that the second well from the 09-2 Oklahoma Project drill program appears to be another new discovery well.
Petro Vista Encounters Oil and Gas Shows in La Maye Block
Friday, November 20, 2009 - Petro Vista has reached TD at its Noellia #1 (the first of several planned wells) recently drilled in the Lower Magdalena Valley Basin Colombia, La Maye Block.
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Production
EnCana Selects Expro for Subsea Services at Deep Panuke
Friday, November 20, 2009 - Expro will complete surface testing and subsea landing string services offshore Nova Scotia at EnCana's Deep Panuke field.
Bumi Armada-Vietsovpetro Seal Deal for Te Giac Trang FPSO
Friday, November 20, 2009 - Hoang Long Joint Operating Company signed a contract with Bumi Armada Berhad and its partner Vietsovpetro, for the provision of a FPSO for the Te Giac Trang Field Development Project in Vietnam.
North Slope Worker Dies During Pipeline Inspection
Friday, November 20, 2009 - A North Slope worker was killed Wednesday when a pickup truck pinned him against a section of pipe, according to BP.
Technip to Revamp Oil and Gas Facilities in Abu Dhabi
Friday, November 20, 2009 - Gasco has awarded Technip an EPC contract to revamp existing facilities to support an increase in oil production from the new ADCO facilities and accommodate additional associated gas from the existing Asab, Shah and Sahil oil fields.
Statoil Seeks to Sustain Production on NCS in Years Ahead
Friday, November 20, 2009 - There will be fewer stand-alone development projects on the Norwegian continental shelf in the next few years, whereas the number of satellite fields and maintenance investments will increase, according to Statoil's Stale Tungesvik.
Inpex Transfers 10% Stake in Masela Block Offshore Indonesia
Friday, November 20, 2009 - Inpex signed an agreement with PT EMP Energi Indonesia, to transfer a 10% participating interest in the Masela Block in the Arafura Sea, Indonesia.
Argenta Begins Production Testing at Covunco Block
Friday, November 20, 2009 - Argenta has started a long term production test in well OA x-1, Covunco block, Neuquen basin, Argentina.
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Finance and Investing
Scorpion Offshore Posts Financial Results for 1st Quarter 2010
Friday, November 20, 2009 - Scorpion Offshore's revenues for the first quarter 2010 totaled $107.9 million, including $4.9 million mobilization revenue and $3.8 million revenue booked as a reversal of a credit memo issued last quarter.
Venezuelan State Oil Company's Profits Down 67%
Friday, November 20, 2009 - PDVSA said its net income in the first half of 2009 fell by 67 percent to $3.17 billion due to slightly lower output and a steep decline in oil prices.
Pampa Energia Enters Investment Agreement with YPF
Friday, November 20, 2009 - Pampa Energia's subsidiary has accepted an offer from YPF to enter into an investment agreement regarding the exploitation block known as Rincon del Mangrullo in Argentina.
EXCO Resources Declares Fourth Quarter Dividend
Friday, November 20, 2009 - EXCO Resources' Board of Directors declared a fourth quarter cash dividend of $0.025 per share payable on December 15, 2009 to holders of record on November 30, 2009.
Gastem Undertakes $5MM Flow-Through Financing
Friday, November 20, 2009 - Gastem is undertaking a brokered private placement for an amount up to $5,000,000. The private placement will consist of 7,692,308 flow-through units at a price of $0.65 per Flow-Through Unit.
more Finance and Investing articles >>
Company Operations
Fluor, COOEC Form Offshore Alliance for Asia-Pacific O&G Projects
Friday, November 20, 2009 - Fluor has entered into a formal alliance with Offshore Oil Engineering Corporation Ltd. in the pursuit of large offshore oil & gas projects in the Asia-Pacific region including China and Australia.
GE Oil & Gas Opens New Global Services Facility in Scotland
Friday, November 20, 2009 - GE Oil & Gas has enhanced its European drilling and production equipment repair, maintenance and refurbishment capabilities with the official opening of a new Global Services facility in Montrose, Scotland.
Schlumberger Reaches Subsea Control Reliability Milestone
Friday, November 20, 2009 - Schlumberger's subsea electronic control module has passed the historical milestone of more than a quarter million operational hours in the field with 100% reliability.
Bibby Offshore's Vessels Achieve Significant Safety Milestones
Friday, November 20, 2009 - Two of Bibby Offshore's dive support vessels achieved significant milestones this month. The DSV Bibby Aquamarine and DSV Bibby Sapphire completed one million man hours and one & half million man hours respectively without a lost time injury.
EnerMech Taps Specialist Equipment to Boost Hydraulics Business
Friday, November 20, 2009 - EnerMech has invested in specialist equipment to boost the company's hydraulics business line. The CNC machining facility allows the Aberdeen-based company to manufacture equipment parts which previously had to be sourced through suppliers.
Nautronix Latest Industry Player to Join NSRI
Friday, November 20, 2009 - Marine Technology Solutions providers Nautronix have joined key industry players by becoming the latest members of the National Subsea Research Institute (NSRI).
Lukoil's Board Approves Future Asset Spin-Off of E&P Business
Friday, November 20, 2009 - Lukoil's Board of Directors has approved a strategic development plan for 2010-2019, which includes growing hydrocarbon production and the creation of a spin-off of assets from the E&P business segment into a specialized company.
Enventure Unveils Newly Enhanced Virtual Technical Library
Friday, November 20, 2009 - Enventure Global Technology has enhanced its online technical library, a tool that shares the company's vast expandables knowledge.
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