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Technip begins work on Heidelberg spar

Technip has received instructions from Anadarko Petroleum Corp. to begin the engineering, construction and transport of a 23,000-ton truss spar hull for their Heidelberg field development.  More »

Dolphin to run 3D seismic offshore northwestern Africa

Dolphin Geophysical has secured a letter of intent for a 2 ½-month long 3D seismic survey offshore northwestern Africa.  More »

PXP closes major GoM deepwater offshore acquisitions

Plains Exploration & Production Co. (NYSE:PXP) has closed on its acquisitions in deepwater Gulf of Mexico.  More »

Latest iPhone and iPads set for China

The new Apple products will go on sale in the country in the next two weeks as global supplies of the devices begin to improve  More »

Brazil adds to emerging market slowdown

The country’s economy is heading for its weakest year of growth in a decade following a poor third quarter  More »

Aston Martin placed on downgrade watch

Moody’s is considering further downgrading the sports car maker into subinvestment or ‘junk’ territory because of weak financial performance  More »

Petrobras halts contract talks for five ultra-deepwater offshore drilling rigs

Petrobras has cancelled plans to contract five deepwater drilling rigs from Ocean Rig Group.  More »

Middle East yard to build Solan oil tank

Premier Oil has contracted Drydocks World to construct the subsea oil storage tank for the Solan field development west of Shetland.  More »

Karoon offers stake in block offshore Peru

Karoon Gas is seeking partners for it Z38 exploration block in Peru’s offshore Tumbes basin.  More »

Drumbeat: November 30, 2012

Exhaustible resources and economic growth My view is that with these new fields and new technology, we’ll see further increases in U.S. and world production of oil for the next several years. But, unlike many other economists, I do not expect that t…  More »
(Photo: Fotolia)

Derailment sends chemical tank cars into NJ creek

Emergency crews are on the scene of a freight train derailment and hazardous material spill in southern New Jersey.  More »

It’s 2007 again, thanks to the US Fed

The world is more frightening today than it was after the crash – cash-strapped governments have far less room to support their economies and banks  More »
In this image provided by CBS, Susan Rice, U.S. ambassador to the U.N. speaks on "Face the Nation" in Washington, Sunday, Sept. 16, 2012. A deadly assault on a U.S. consulate in Libya was a spontaneous reaction to an anti-Muslim video, the Rice said Sunday, even as Libya's president insisted the attackers spent months preparing and carefully choosing their date - the anniversary of the Sept. 11 terrorist attacks. (AP Photo/CBS News, Chris Usher)

Rice’s holdings in oil sands pipeline may pose conflict

Susan Rice’s holdings in an energy company seeking State Department approval for an oil pipeline from Canada may pose a conflict of interest if she is nominated to become U.S. secretary of state.  More »
Anadarko Petroleum Corp. drills a series of wells on a pad on a Weld County farm near Mead, Colo. in the northeastern part of the state. (AP Photo/Ed Andrieski, File)

Frack secrets by thousands keep U.S. clueless on wells

A subsidiary of Nabors Industries Ltd. (NBR) pumped a mixture of chemicals identified only as “EXP- F0173-11” into a half-dozen oil wells in rural Karnes County, Texas, in July.  More »
Children play in a river where oil pipes run above the surface in Ecuador's Sucumbios province. (AP file photo/Dolores Ochoa)

Canadian judge hears $19B Ecuador lawsuit case

An attempt by Ecuadorian villagers to have a Canadian court enforce a $19 billion judgment awarded in their country against multinational oil giant Chevron Corp. faced a judge’s skepticism Thursday.  More »