Monthly Archives: December 2012

Drilling rig set to weather fierce storm in small Alaska port

Facing 63-mph winds and 28-foot seas on Monday, two tugboats were towing Shell’s Kulluk drilling rig to safe harbor to weather the fierce storm in the Gulf of Alaska.  More »

Clinton taken to hospital with bloodclot

US secretary of state’s spokesman said her doctors discovered the clot during concussion follow-up on Sunday and she was admitted to hospital  More »

Wall Street rallies on fiscal cliff hopes

Stocks on Wall Street shot higher as details of a tentative deal to avoid the looming fiscal cliff started to emerge  More »

Obama says US budget deal ‘within sight’

A budget deal to avoid tipping the US economy over the fiscal cliff is “within sight” but not yet done, President Barack Obama said on Monday afternoon  More »

Netflix doubles chief’s pay to $4m

The streaming and DVD subscription service has doubled the notional pay of chief executive Reed Hastings to $4m for 2013  More »

McMoRan Exploration has “limited success” in ultradeep well

Mineral blockages at Davy Jones No. 1, an ultradeep shallow water well in the Gulf of Mexcio, have caused trouble for McMoRan Exploration.  More »

Demand for offshore rigs up, while onshore count keeps falling

While demand for onshore rigs declined as the result of less natural gas drilling, demand for offshore rigs continues to flourish, as the push to drill in the Gulf of Mexico continues to the rig count increase there, industry analysts said Monday.  More »

Report: Coal, natural gas remain key sources of energy

A new report says that while oil is still king, coal and natural gas remain key global energy sources, particularly as fuel for electricity generation.  More »

Senegal names Elenilto operator of Offshore Sud

Elenilto is named operator of the Senegal Offshore Sud Shallow Oil block production sharing contract. Petrosen will have a minority participation interest.  More »

Hyperdynamics completes sale of interest offshore Guinea

Hyperdynamics Corp. subsidiary SCS Corp. has completed the sale to Tullow Guinea Ltd. of 40% gross interest in its exploration concession offshore Guinea.  More »

Chevron has two new gas finds offshore Australia

Chevron Corp. (NYSE: CVX) has two new discoveries offshore Australia in the Exmouth Plateau area of Carnarvon basin.  More »

Houston waste company turning trash into treasure

A new plant in Oregon could help transform the waste industry with a remarkable new technology: Garbage goes in, oil comes out.  More »
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