China shows interest in Chesapeake Energy Shale and Gas

Chesapeake Energy’s shale and oil gas drilling project has become an interest for a Chinese energy conglomerate.

The oil and gas industry is fighting back against President Obama’s intention to eliminate billions in government subsidies and use it to provide tax credits for renewable energy.

US oil and gas explorer Anadarko Petroleum had made its fourth natural gas discovery in the Rovuma Basin, offshore Mozambique.

Jude    Maritime News, Oil and Gas     Anadarko Petroleum, Chesapeake Energy, China National Offshore Oil Corp., hydrocarbon accumulations, offshore management, offshore Mozambique, oil and gas drilling, oil news, oil world, Rovuma Basin, shale and oil gas drilling, Tubarao discovery well, US oil and gas explorer

Explosion in Egypt pipeline cuts off Gas supply to Israel

An explosion today on the Arab Gas Pipeline forced Egypt to shut off natural gas supplies to Israel and Jordan.

Shell announced that they’ve cancelled their plans to drill exploratory wells in the Arctic in 2011 due to lack of confidence that they would meet the standards to get the required permits,” Oceana enthusiastically reported yesterday.

Jude    News     Deepwater Horizon tragedy, drill exploratory wells, explosion on the Arab Gas Pipeline, natural gas supplies to Israel and Jordan, oil booms, Oil Minister Samah Fahmy, Oil price rise., oil today and tomorrow, oil world, Suez Canal, Sumed Pipeline

India Oil to build $5 Billion refinery in Turkey

Indian Oil Corp is interested in building a $5 billion refinery in Turkey and is currently carrying out feasibility work on the project, India’s junior trade minister, Jyotiraditya Scindia, said on Friday.

GE Oil & Gas is pleased to announce it has been issued orders to supply seven subsea tree and wellhead systems, utilizing the VetcoGray MHXT tree and VetcoGray SG-5 wellhead system, by Maersk Oil North Sea UK Limited for deployment in the U.K. North Sea.

OTTO ENERGY Ltd. has already received the first $1.5 million from another Australian firm Swan Oil and Gas Ltd. to fund the drilling of the onshore Duhat 1 well in San Isidro, Leyte.

Jude    News     Calik Holding, GE Oil & Gas, Indian Oil Corp., Iraqi and Azeri crude, Jyotiraditya Scindia, Maersk Oil North Sea UK, Mediterranean port of Ceyhan, Oil and Natural Gas Corp., oil and natural gas in Turkey, OTTO ENERGY Ltd., Swan Oil, VetcoGray MHXT tree, VetcoGray SG-5 wellhead system

East Africa sits on vast oil and natural gas reserves

The East African region has vast reserves of oil and natural gas which it could tap to boost its economic growth.

The total value of oil and gas transactions announced globally reached $270 billion in 2010, according to Ernst & Young’s Global oil and gas transactions review 2010.

Jude    News     5th East African Petroleum Conference & Exhibition, Andy Brogan, Ernst & Young, Global oil and gas transactions review 2010, Kampala, offshore world, oil and gas drilling, oil and gas updates, oilfield services, President Yoweri Museveni of Uganda, the East African Community, The East African region

Otto Marine to buy Go Marine

Singapore-based offshore firm Otto Marine’s subsidiary, Otto Ventures (OVPL) has signed a deal with Australia’s Go Marine Group that gives OVPL the option to acquire 100 percent of Go Marine in three tranches for a total of AU$20 million (US$20 million).

Diamond Offshore Drilling has exercised its option to build a second ultra-deepwater drillship with Hyundai Heavy Industries with delivery scheduled for the fourth quarter of 2013.

Petrobras has made a new discovery of good quality oil in the pre-salt reservoirs of block BM-S-9, in the ultra deep waters of Santos Basin.

Jude    Maritime News, News     Carioca Nordeste, Diamond Offshore Drilling, Go Marine Group, Hyundai Heavy Industries, Lee Kok Wah, Ocean BlackHawk, Ocean BlackHornem, offshore business, offshore jobs, oil and gas, oil and gas industry, oil drilling update, Otto Marine, Otto Ventures, ultra-deepwater drillship

U.S. lawmakers protests taxes on oil and gas

Raising taxes on oil and gas exploration in the United States is the wrong move if Americans are to break their dependency on foreign energy, a lawmaker said.

The global law firm of Thompson & Knight LLP is pleased to announce the expansion of the Firm’s Oil and Gas Practice Group with the addition of Richard B. Hemingway Jr. as Partner, as well as attorneys Karen E. Lynch, Rachel F. Harrison, Robert P. Dougherty III, and Anna R. Irion.

Jude    Maritime News     Anna R. Irion., Dougherty III, Karen E. Lynch, oil and gas exploration, Oil and Gas Practice Group, Rachel F. Harrison, Richard B. Hemingway Jr., Robert P., surging oil prices, Thompson & Knight, U.S. President Barack Obama, United States, world of oil. Gas drilling

BP’s profit boosts

BP boosted its profit in the fourth quarter last year to US $4.614 Billion compared with $3.447 Bn a year ago on a replacement cost basis. For the full year 2010 BP’s profit figure nosedived however to $4.914 Bn, compared with $13.955 Bn in 2009.

Rig giant Ensco says one of the upgraded semi-submersibles in its fleet is headed for Brazil under a new 950-day drilling deal starting in the third quarter this year worth up to US $30.4 million.

Jude    Maritime News     Anglo-American oil giant, Australia, BP, Brazil’s Petrobras, gas drilling, Gulf of Mexico oil spill, oil and gas, oil drilling, oil prices, Rig giant Ensco, semi submersibles, US Gulf of Mexico

Riots in Egypt close Mærsk operations

A.P. Møller-Mærsk has temporarily shut down most of its operations in Egypt. The Egyptian government has closed down most of the communication traffic and the food supply chain is not operating as usual due to the riots in the North African country.  More than 12 million passengers travelled via Port of Stockholm’s three ports in Stockholm, Kapellskär and Nynäshamn in 2010 – a new record. On January 31, 2011, the keel was laid for an Antarctic research and supply vessel ordered by the South African Department of Environmental Affairs at STX Finland Rauma shipyard.

Jude    Maritime News     Antarctic research and supply vessel, APM Terminals operations shut down, Baltic sea, Damco, Egyptian riots, Maersk Line, Møller-Mærsk has temporarily shut down, Port of Stockholm, riots in north African country, Safmarine, STX Finland, Suez Canal

Chinese shipbuilding output volume rises

According to China Ministry of Industry and Information technology, China shipbuilding orders completed in 2010 reached a volume of 65.6 million dead weight tons up by 54.6%YoY.­­ The Dutch shipping company ANTHONY VEDER (Rotterdam) has ordered a new LNG carrier from MEYER WERFT. The final stages of construction of Austal’s largest catamaran to date were celebrated this week with a traditional ‘coin ceremony’, followed by the vessel’s successful launch.

Jude    Maritime News     ANTHONY VEDER ordered a new LNG carrier, Austal’s largest catamaran, Increase in china shipbuilding orders, new LNG carrier from meyer werft, Rostock-Warnemünde, Villum Clausen catamaran

Ukraine Freight Transport

Ukraine’s infrastructure sector was in mid-2010 reaping the windfalls from the new government’s foreign policy reorientation back towards Moscow.

Naftogaz of Ukraine NJSC (Naftogaz) is a vertically integrated energy company. The company is engaged in the acquisition, exploration, development and production of crude oil and natural gas; provision of contract drilling and geological survey services; processing and refining of crude oil; and distribution and marketing of refined petroleum products.

GlobalData’s Regal Petroleum plc Oil & Gas Exploration and Production Operations and Cost Analysis is an essential source for key operational data, analysis and strategic insight into the company.

Jude    Maritime News     contract drilling, geological survey services, GlobalData's Regal Petroleum plc, maritime sector, Naftogaz of Ukraine, NJSC, Oil & Gas Exploration and Production, oil & gas operations, Russia's Sberbank, UEFA Euro 2012 tournament, Ukraine's infrastructure sector, Ukraine's road network