Monday  March 15  2010
   
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  • Men arrested for planned ONGC attack Two men suspected of working for a Pakistan-based terror outfit were reportedly arrested for plotting an attack on an Oil and Natural Gas Corporation (ONGC) offshore installation and two markets. Read more: UpstreamOnline
  • Drillsearch tightens CBM focus Australian explorer Drillsearch said it would sell off “non-core” assists as it sought to focus more on its non-conventional wet gas and coalbed methane assets in the Cooper basin. Read more: UpstreamOnline
  • Sevan firms Cosco for second driller Cosco Shipyard has won a turnkey contract worth more than $500 million to build a second Sevan Marine's deep-water drilling unit. Read more: UpstreamOnline
  • Nigeria approves $1bn disbursal Nigeria's Acting President Goodluck Jonathan today approved the disbursal of a further $1 billion from the country's windfall oil savings, leaving about $4.1 billion in the account, government officials said. Read more: UpstreamOnline
  • Ramirez sees oil flowing despite worries Venezuelan Oil Minister Rafael Ramirez said today that the country would continue producing crude oil even if its ailing electricity system were to suffer a collapse. Read more: UpstreamOnline
  • US rigs up by 11 The number of oil and gas rigs drilling in the US increased by 11 this week bringing the total to 1407. Read more: UpstreamOnline
  • Venezuelan Oil Would Still Flow Should Power System Collapse - Ramirez Venezuela would continue producing crude oil even if its ailing electricity system were to suffer a collapse, claims the oil minister.Read more: Rigzone.com: Production News
  • Alberta To Cut Royalties Amid Competition The Alberta government announced plans Thursday to cut the royalty rates it charges natural gas and oil producers in an effort to make the province more attractive to investment.Read more: Rigzone.com: Production News
  • Chesapeake, TxDOT Report Pipeline Progress In Fort Worth Chesapeake Energy and the Texas Department of Transportation have found a "constructible route" that would move a natural gas pipeline off a residential street in east Fort Worth.Read more: Rigzone.com: Production News
  • Nord Stream team closes in on loan The Nord Stream gas pipeline group and banks are in the process of signing documentation for a €3.9 billion ($5.3 billion) financing, according to reports. Read more: UpstreamOnline
  • Norway gives nod for Ekofisk revamp The Norwegian Energy Ministry said today that it has given the go ahead for the construction of a new Nkr10 billion ($1.7 billion) 552 person accommodation platform for Ekofisk. Read more: UpstreamOnline
  • ATP pushes reserves up despite losses ATP Oil & Gas Corporation posted a fourth-quarter loss hurt by delays related to a well re-completion, but said it replaced 376% of its reserves in 2009, sending its shares up as much as 10%. Read more: UpstreamOnline
  • Prelude Floating LNG Facility Shell signed two contracts with the Technip and Samsung Heavy Industries consortium for the Prelude floating liquefied natural gas (LNG) project off the coast of Western Australia.Read more: Maritime News - Offshore News
  • Jack-Up Crane Vessels, Wärtsilä-IMS Design Wärtsilä, in consortium with IMS Ingenieurgesellschaft mbH, has been engaged by RWE Innogy, the renewable energy arm of the German utility company RWE,Read more: Maritime News - Offshore News
  • Heavy lift/construction vessel Borealis is launched The hull for Nordic Heavy Lift’s new heavy load/construction vessel Borealis was launched on 19 October and is now afloat alongside at Nantong Yahua Shipyard in Nantong, China. The construction...Read more: Riviera Martime Media
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