Tag: oil
Major companies join for Alaskan resource developm
ConocoPhillips, BP, TransCanada and ExxonMobil have announced that they are working together on the next level of Alaskan resource development through their participation in the Alaska Pipeline Project.
Fairborne Energy sells oil assets
Fairborne Energy Ltd. is going to sell its oil assets in the Greater Sinclair area in the Canadian provinces of Manitoba and Saskatchewan to an undisclosed private oil and gas company for CAD80million in order to reduce debt.
PowerSecure to build transmission lines for oil &
PowerSecure International, Inc. was awarded a contract to build electrical transmission infrastructure to support a series of new oil and gas production sites by a major energy company in partnership with a prominent electric utility.
Technip awarded contract for Venezuela upgrader
Technip has been awarded a lump sum contract for the Petrocarabobo upgrader, that will include the basic, front-end engineering design and the first phase of project management consultancy services.
Floating Production for remote Brazil oil reserves
Business intelligence company GlobalData has released a report stating that, through the use of Floating Production Storage and Offloading (FPSO), oil and gas reserves in hard-to-reach oil fields in Brazil will be accessible.
BP entering Ohio’s Utica/Point Pleasant shale
BP has signed an agreement with the Associated Landowners of the Ohio Valley (ALOV) to lease approximately 84,000acres in Trumbull County, Ohio in the Utica/Point Pleasant shale basin.
Diaz begins development program in Macklin, SK
Having received drilling license, Diaz Resources Ltd. has begun a development drilling program in the Macklin, Saskatchewan area to drill up to three horizontal Dina heavy oil wells.
American Liberty adds new oil discovery lease
American Liberty Petroleum Corp. exercised its option agreement to receive assignment of Nevada-based oil and gas leases, Gabbs Valley lease with a 75% working interest, Cortez lease with a 60% working interest and the Kibby Flat lease with a 75% working interest, on 27 June 2011.
Shell Canada to explore offshore Nova Scotia
According to the Canada-Nova Scotia Offshore Petroleum Board, Shell Canada won its call for bids to secure the exploration rights on four parcels of deepwater land off the southwest shore of the province.
Enterprise & Genesis to build gathering pipeline
Crude oil transportation agreements have been arranged by Genesis Energy and Enterprise Products Partners L.P.