Luanda uses oil cash to pay bills
Angola will set up a fund that will use oil money to finance new infrastructure as it struggles to pay up to $9 billion in late bills to foreign construction companies, according to local media. State-owned broadcaster Radio Nacional de Angola said in a report broadcast today that proceeds from the sale of 100,000 barrels [...]
Offshore Magazine
Offshore magazine, First introduced in 1954, is a monthly interview identified as the main thing, and the development of technology in terms of off-shore oil and gas exploration and development as a world leader Ye Wu. World’s best known specialist magazines something completely offshore industry, and enjoys the largest circulation and most widely read in [...]
Shell, PetroChina bid for Arrow gets court approval
MELBOURNE – Australia’s Federal Court has approved the $3.5 billion (Aus.) acquisition of Brisbane-based coal seam gas producer Arrow Energy Ltd. by Royal Dutch Shell PLC and PetroChina. Arrow shareholders had overwhelmingly supported the all-cash proposal during an extraordinary general meeting on July 14. Each share of Arrow was priced at $4.70 (Aus.). The shareholders [...]
US House Votes to End Six-Month Deep-Water-Drilling Ban
The US House of Representatives today voted to end the federal moratorium on deepwater drilling for oil companies that meet new federal safety requirements. The proposal to end the moratorium was an amendment to a pending energy bill the House was poised to vote on. The moratorium will not end unless the Senate also votes [...]
ABB wins $20-million marine order
HOUSTON – Electrical power, drive systems to provide top operating reliability and efficiency for new deep sea semi-submersible drilling rig, to be built by Daewoo in South Korea ABB has won an order worth $20 million to provide complete power systems, drilling drive and propulsion systems for a new deepwater drilling rig to be built [...]
Schlumberger introduces OpenFRAC fluid additive systems
Schlumberger today announced the release of its new OpenFRAC* family of hydraulic fracturing fluid additive systems. The additive systems can be used for fracturing-stimulation treatments, including applications in challenging, low-permeability formations such as shale and tight gas sands. The OpenFRAC family is fully functional and disclosable, providing comparable technical performance to conventional additive systems. Three [...]
BP Oil resumes work on relief well
NEW ORLEANS — Ships were getting back in place Sunday at the Gulf of Mexico site of BP’s leaky oil well as crews restarted work on plugging the gusher before another big storm stops work again. Piping for the main relief well being drilled was being reinstalled and should be ready by late afternoon, National [...]
New GOM oil spill containment system planned by major oil companies
a plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, ConocoPhillips, ExxonMobil and Shell. The new system will be flexible, adaptable and able to begin [...]
Two killed in Pennsylvania rig blast
An explosion at a natural-gas well in Pennsylvania owned by privately held Huntley & Huntley killed two people this morning, the state utilities regulator said. The blast occurred in Allegheny County in western Pennsylvania, according to a spokeswoman for the Pennsylvania Public Utility Commission. A spokeswoman for Monroeville, Pennsylvania-based Huntley & Huntley said that the [...]
Oil Magazines
Each day, increasingly more readers from around the world go to oilmagazines.com for any newest reports as well as analysis of world’s petroleum industry. OilMagazines.Com is an online guide provides summaries of the most popular oil and gas journals, provides the most recent worldwide oil and....
Previous
Latest blog posts
Luanda uses oil cash to pay bills
Angola will set up a fund that will use oil money to finance new infrastructure as it struggles to pay up to $9 billion in late bills to foreign construction companies, according to local media. State-owned broadcaster Radio Nacional de Angola said in a report broadcast today that proceeds from the sale of 100,000 barrels [...]
Offshore Magazine
Offshore magazine, First introduced in 1954, is a monthly interview identified as the main thing, and the development of technology in terms of off-shore oil and gas exploration and development as a world leader Ye Wu. World’s best known specialist magazines something completely offshore industry, and enjoys the largest circulation and most widely read in [...]
