Category Archives: Oil Exploration

Gas Price is increasing for the Tension with Iran

Posted on February 26, 2012 by Editor

Now gas price is highest among the last nine months. Only in the last week 30 cents per gallon of gasoline price has increased in the United States.  There are several factors behind this rise of oil price. There is … Continue reading →

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The Use of Oil Booms for Collecting Spill Oil

Posted on February 12, 2012 by Editor

Oil spills happen for different reasons. The main reason behind oil spills is human carelessness. Other reasons are leakage or break down in equipment of oil tanker, blast in the deep water oil rig. When oil spills happen it affects … Continue reading →

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China: Rongsheng Heavy Bags Order for 10 Suezmax Tankers

Posted on December 10, 2011 by Editor

  China Rongsheng Heavy Industries Group Holdings Limited has announced that it has received a 10+10 157,000 DWT Suezmax tankers shipbuilding order from Global Union Shipping Limited. The order further consolidates the position of the Group as the largest Suezmax … Continue reading →

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Norway: Maersk Drilling Receives LoI for Newbuild Jack-up Rig

Posted on December 10, 2011 by Editor

Maersk Drilling has received a Letter of Award from Det norske oljeseskap ASA on behalf of the Draupne license for the ultra harsh environment jack-up rig, XL Enhanced 2, presently under construction in Singapore. The rig will be used for … Continue reading →

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Conoco restarts Libya crude operations

Posted on December 9, 2011 by Editor

U.S. oil giant ConocoPhillips has restarted operations in Libya and hopes to restore its pre-war production level of 350,000 barrels a day of oil in over a year, the firm’s top executive said. Jim Mulva told Zawya Dow Jones in … Continue reading →

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An income gusher in the energy patch

Posted on November 27, 2011 by Editor

MoneyShow.com Seadrill (SDRL-N31.14-0.17-0.54%) is the second-largest offshore driller, with the second-largest ultra-deep-water fleet. It operates the world over with 46 rigs, and its clients include most of the oil and gas exploration heavyweights, like Exxon Mobil (XOM-N73.90-0.68-0.91%), ConocoPhillips (COP-N66.14-0.79-1.18%), the … Continue reading →

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Shipping Corporation of India Takes Delivery of AHTS Vessel SCI Pawan

Posted on November 17, 2011 by Editor

Cochin Shipyard Limited​ delivered a 120T Bollard pull Anchor Handling Tug Supply Vessel (AHTS), “SCI Pawan”, bearing the Hull No. BY-77, to M/s. Shipping Corporation of India​, Mumbai (SCI). This is the first of the new series of 4 Nos … Continue reading →

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Oil headed for the longest run of weekly gains since April 2009

Posted on November 15, 2011 by Editor

By Grant Smith Oil headed for the longest run of weekly gains since April 2009, on speculation that signs of U.S. economic growth and Europe’s steps to contain its debt crisis will support fuel demand. Crude climbed as much as … Continue reading →

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Oil Riches Pile on China Doorstep as Clashes Delay Drilling

Posted on November 15, 2011 by Editor

Nov. 11 (Bloomberg) — To China, the world’s biggest energy consumer, another Saudi Arabia of oil may lie beneath the ocean to its south. Escalating regional tensions mean large-scale drilling may be slipping further into the future. The South China … Continue reading →

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India: Global Offshore to buy 3 more ships; to invest Rs 750 cr

Posted on November 13, 2011 by Editor

The Mumbai-based Global Offshore Services plans to acquire three new vessels to take advantage of the expected buoyancy in demand for offshore oilfield services. Order for one of them, costing around $50 million, is expected to be placed in the … Continue reading →

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