recently disclosed plans to scrap the ultradeepwater GSF Explorer drillship, that just 13 of the rigs recently removed from the company ’s global fleet had worked in the past year. By their count, retirement of the GSF Explorer will bring the number of international
complete exit from its acreage in Yemen. The company has sold its 34% interest in the onshore ..... 63.75% interest in Block 7 and the company will take over as operator. The block contains ..... purchase, saying it is a milestone in the company ’s attempts to build a Middle East
Total US petroleum deliveries, a measure of demand, averaged 19.2 million b/d in March, up 3.4% from a year ago and the highest level for the month since 2011, according to the American Petroleum Institute’s monthly statistics for March. Total demand in the first quarter gained 2.2% year-over-year.
Yanbu Aramco Sinopec Refining Co. Ltd. (Yasref), a joint venture of Saudi Aramco (62.5%) and China Petrochemical Corp. (Sinopec) (37.5%), has exported the first shipment of petroleum coke (petcoke) from its 400,000-b/d refinery in Yanbu Industrial City on the west coast of Saudi Arabia along the ...
Drilling contractors, onshore and offshore, face further declines in day rates and fleet utilization this year as operators slash activity in response to a crude-price slump that shows no sign of early recovery, warns Fitch Ratings.
Crude oil prices for May delivery climbed for a sixth consecutive day on both New York and London markets Apr. 16, which analysts attributed to signs of a possible slowing in US oil production.
The US Bureau of Ocean Energy Management and Bureau of Safety and Environmental Enforcement extended the comment period for proposed oil and gas drilling regulations on the US Arctic Outer Continental Shelf by 30 days.
includes Modec Inc., Mitsui OSK Lines Ltd., and Marubeni Corp. The companies are investing in Tartaruga MV29 BV, a Dutch company established by Modec, and signed agreements Apr. 14. Mitsui has 32.4%, Modec 29.4%, Mitsui OSK Lines 20.6
Pouyanne said, adding that the company ’s latest investment plan will ..... petrochemical capacity by 2017, the company said. Donges At a cost of ..... reach an agreement with French government and local communities regarding ..... units to follow in 2017, the company said. Given this timeline
Robert Hobbs, chief executive at Houston geophysical services company TGS, said, “Because the first sale is not planned until 2021 and only one is scheduled, [the US Bureau of Ocean Energy Management ..... his community following similar visits over the years from government and industry representatives from Florida, South Carolina