Jadaf Dubai and Goltens sign a historical agreement.

Jadaf Dubai one of the oldest ship repair yards in the Arabian Gulf and a part of Drydocks World Group signed the second long-term ground development lease agreement on 17th August 2010.

Triple “A” says while this time of year is one of the busiest times for travel.. it looks like this year won’t cost you as much at the pump.

India plans to have a shale gas policy in place by the end of 2011, and is currently working on a resource assessment of its basins and drafting a fiscal policy for shale gas exploration, the country’s upstream regulator said late Friday.

Jude    Maritime News, News     AAA, Arabian Gulf, BP PLC, DMC, Drydocks world, Dubai Branch, Dubai Festival City, Dubai Maritime City, Exxon Mobil Corp, Goltens, Goltens Worldwide Services, India, Industrial Precinct, Jadaf Dubai, Minnesota, Musataha, natural gas, North Mankato, Reliance Industries Ltd., Royal Dutch Shell, shale gas, shale gas exploration, ship building, ship repair, ship repair yards, Shiplift

Deepwater drilling regulatory shortcuts to an end.

The Obama administration announced Monday that it is no longer fast-tracking offshore drilling projects in deep water by exempting them from detailed environmental review.

There is no need to ban offshore drilling operations in Canada’s coastal regions, said a new report released Wednesday.

Dutch oil services company SBM Offshore NV on Wednesday reiterated its full-year outlook and said the market for new projects is improving, despite a 14% drop in first-half net profit due to cost-overruns and a one-time loss on an interest rate swap.

Jude    Maritime News, News     blowout preventer, BP, Canada, drilling, Dutch oil services, fast tracking, floating rig, Gulf, Gulf of Mexico, National Environmental Policy Act, nightmare well, Obama administration, offshore, oil blowout, Pro, Publica, SBM Offshore, subsurface

Pump prices in the US. falls.

There were some smiles at the gas pump on Monday as the average price of a gallon of unleaded regular dropped by a couple of cents across the country.

Crude oil and natural gas could tumble this week on bearish technical indicators and escalating inventories.

Jude    Maritime News, News     AAA, average price, California drivers, crude oil, crude oil prices, Energy Departments, Energy Information Administration, gallon of unleaded regular, gas pumps, gasoline, gasoline prices, Gulf Coast drivers, natural gas, oil and gas, Oil Price Information Service, petrol updates, Wright Express

Abandoned oil wells still sit off Oceanside coastline.

The worst offshore oil spill in U.S. history seems worlds away in the Gulf of Mexico, but a dozen abandoned exploratory wells off the coast of Oceanside recall an era when California was a hub of offshore drilling.

Marcellus Shale drilling is still in its infancy in West Virginia, but the industry is already contributing millions of dollars to the state’s economy.

The number of rigs actively exploring for oil and natural gas in the U.S. increased by 35 this week to 1,640.

Jude    Maritime News, News     Alaska, Arkansas, California, Colorado, drilled, gas drilling rig, Gulf of Mexico, Louisiana, Marcellus Shale drilling, Mobil, New Mexico, North Dakota, Oceanside, offshore drilling, oil and natural gas, Oklahoma, Pennsylvania, Shell, Texas, Upshur County, West Virginia, worst offshore oil spill, Wyoming

Serious Health Risks in Gulf Oil Spill

The oil spill in the Gulf of Mexico poses serious health risks for the people who are working to clean it up and others who venture into the coastal area, scientists say in a commentary in The Journal of the American Medical Association.

The number of properties in Allegheny County that were leased for oil and gas exploration increased by 322 percent between 2008 and 2009, researchers at the University of Pittsburgh said Monday.

Woodside Petroleum Ltd. Santos Ltd. and Oil Search Ltd. are expected to report buoyant first half results, strengthened by a higher oil price, although investors will be more interested in the progress of their massive gas export projects.

Jude    Maritime News, News     Allegheny County, both of the University of California, clean up, dermatitis, dispersants, gas exploration, Gina M. Solomon, Gulf of Mexico, health risks, large Marcellus Shale, MD, MPH, natural gas, nervous system disorders, oil, Oil Search Ltd., oil spill, Origin Energy Ltd., PhD, respiratory irritation, San Francisco, Santos Ltd., Sarah Janssen, Skin contact, skin infections, University of Pittsburgh, Woodside Petroleum Ltd.

Gas supplies ‘up’ in New York.

Crude oil fell for a second day in New York after U.S. gasoline inventories unexpectedly rose last week, signaling an economic recovery in the world’s biggest oil consumer that may be stalling.

Heritage Oil Plc, which sold projects in Uganda last month, plans to use part of the $700 million it will have left after paying dividends to buy oil and gas assets.

BP Plc would sell $30 billion in assets to pay for President Barack Obama’s Gulf of Mexico spill fund that will restore dividends at 65 percent below their previous level next year.

Jude    Maritime News, News     Africa, Bhavin Patel, Bloomberg, BP PLC, crude oil, economic recovery, Energy Department, gasoline supplies, Gulf of Mexico spill, Heritage Oil Plc, Labor Department, Lake Albert, London, Middle East, New York, oil and gas exploration, Paul Atherton, President Barack Obama, Royal Bank of Scotland Group Plc, Tullow Oil Plc., U.S. gasoline, Uganda, world’s biggest oil consumer

Samson Oil & Gas Advises on Rodney #1

Samson Oil & Gas Limited advises that the Rodney #1-14H well has completed the vertical and the curve portions of the well, such that the well has landed horizontally in the middle member of the Mississippian Bakken Formation at a total vertical depth of 11,288 feet on August 4th.

Murphy Oil Corp.’s second-quarter profit surged 71% on higher oil and natural gas volumes and prices, which drove growth for the company’s exploration and production operations.

Bulgaria’s government says it will award British company Melrose Resources a 10-year concession for natural gas extraction from a Black Sea field off Bulgaria.

Jude    Maritime News, News     Bakken Formation, Black Sea field, British, Bulgaria, drilling, exploration, horizontal portion, Melrose, Mississippian Bakken Formation, Murphy Oil Corp., natural gas, offshore, operations, Production, Reuters, Rodney #1-14H, Samson Oil & Gas Limited, Thomson

BG India Suspends Oil & Gas Production.

BG India, a unit of the BG Group PLC suspended production of oil and gas at the Panna-Mukta fields off India’s west coast on July 20 after a leak was detected in an undersea pipeline, a company spokeswoman said Tuesday.

The new head of the U.S. Interior Department’s offshore-drilling oversight agency vowed to make “aggressive investigations of oil and gas companies” a “hallmark” of the agency going forward.

Independent oil and gas producer Anadarko Petroleum Corp., BP PLC’s biggest partner on the ruptured Macondo field oil well, reported late Tuesday that higher output, stronger energy prices and fewer derivative losses contributed to a narrower second-quarter loss which actually is good news for oil and gas industry.

Jude    Maritime News, News     Anadarko Petroleum Corp., BG Group PLC, BG India, BP PLC, Bureau of Ocean Energy Management, contain the leak, deepwater drilling well, disaster, gas producer, Independent oil, India's west coast, Macondo field oil well, Michael Bromwich, Mukta fields, Obama administration, offshore drilling, oil and gas, oil spill, Panna, Production, U.S. Interior Department, undersea pipeline

Latest news on the Mumbai oil spill.

After a total shutdown for five days, two of the country’s premier ports partially reopened on Thursday morning.

Several oil and gas companies restarted operations and began returning non essential personnel to offshore infrastructure as Tropical Depression Five fizzled out into a cluster of thundershowers after it moved through the Gulf of Mexico and inland over southeastern Louisiana Thursday.

Mining giant Vedanta Resources promoted by Anil Agarwal is in talks with Edinburgh-based Cairn Energy Plc to acquire a stake in its Indian subsidiary Cairn India.

Jude    Maritime News, News     Anil Agarwal, Cairn Energy Plc., Cairn India, Chetak helicopters, coastal Mississippi, Command, Edinburgh, gas companies, Gulf of Mexico, India, Indian Navy, Jawaharlal Nehru, Mining giant, Mumbai, offshore infrastructure, oil, oilfield, Pathfinder, Port Trust, premier ports, Rajasthan, safely escort, southeastern Louisiana, specialized, Survey boats, thundershowers, Tropical Depression, U.S. National Hurricane Center, Vedanta Resources, vessels, Western Naval

BP to Sell Colombian Assets for $1.9B to Ecopetrol.

BP has agreed to sell its oil and gas exploration, production and transportation business in Colombia to a consortium of Ecopetrol, Colombia’s national oil company (51 percent), and Talisman of Canada.

The Blueberry Hill No. 9 STK1 well has reached to a true vertical depth of 23,630 feet, identifying hydrocarbon-bearing sands measuring 105 feet.

Foster Wheeler has been awarded an owner’s engineer contract for a new LNG receiving terminal to be built in Montevideo, in the region of Río de la Plata, Uruguay.

Jude    Maritime News, News     Administración Nacional de Combustibles, Alcohol y Portland, ANCAP, Blueberry Hill No. 9 STK1, BP, BP Exploration Company, Canada, Colombia, consortium, Ecopetrol, Foster Wheeler, gas exploration, Gulf of Mexico, hydrocarbon, LNG terminal, Louisiana State, McMoran, Montevideo, national oil company, oil, Production, Río de la Plata, Talisman, transportation business, Uruguay