Growing Number of Production Floater Projects Planned, Under Study
The number of production floater projects planned or under study is growing worldwide, according to a recent report by International Maritime Associates Inc.
Moody’s Changes Chesapeake Outlook on Funding Risk
Moody’s Investor Service changes its rating outlook for Chesapeake and its subsidiaries to negative from stable over concerns about the company’s plans for funding its large capital spending budget and diminished cash flows.
Action imminent to stem Elgin gas leak in North Sea
Total says its preparations for a well intervention on the leaking Elgin G4 gas well in the central North Sea are nearing completion.
BP brings in Polar Pioneer for Norwegian Sea wildcat
Petroleum Safety Norway has authorized BP Norge to drill an exploration well in the Norwegian Sea.
Malaysia MOPU undergoing upgrade for oil production
Petrofac has started modification and upgrade works to the FPF5 mobile operating production unit (ex-Ocean Legend).
Endeavour in talks on North Sea Alba field
Endeavour International (NYSE: END; LSE: ENDV) has started to work on a transaction concerning the Alba field in the UK central North Sea.
Successful load out and sail away of Oyot A equipment
Aveon Offshore has completed manufacture and load out of the Oyot A jacket and piles for Phase 1 of the Nigerian National Petroleum Corp./Mobil Producing Nigeria joint venture offshore satellite field development project in OML 67 and 70.
BreitBurn Adds Acreage in Permian Basin
BreitBurn Energy Partners L.P. has signed two separate agreements to acquire oil and natural gas properties located in the Permian Basin in Texas.
X-Change to Buy Bakken Acreage
X-Change Corporation will enter an agreement to purchase 16,000 acres in Roosevelt County, NE Montana Bakken formation area.
Independence Energy Pens LOI for Oklahoma Stake
Independence Energy signs a Letter-of-Intent to acquire an interest in a development well drill program and several productive oil wells in Oklahoma.
