ExxonMobil Technology Yields Worlds Largest LNG Carrier

Exxon Mobil Corporation’s technology leadership in liquefied natural gas or LNG has resulted in an industry breakthrough in carrier design and size, enabling the more efficient transport of natural gas to markets throughout the world. The recent completion of the world’s first Q-Max LNG carrier, named ‘Mozah,’ marks a step change in LNG shipping by reducing transportation cost, while improving... 

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Saxon Oil Announces Completion of Acquisition of Picogina Holdings B.V.

Saxon Oil Company Ltd report that it has closed the acquisition of Picogina Holdings BV from Energy Ltd. pursuant to the Acquisition Agreement among Energy, Saxon and Saxon Oil Company dated October 21, 2008. The assets of Picogina consist of 100% of the participations of Hidrocarburos del Cantabrico S.L. , a private company incorporated under the laws of Spain, which holds a 100% interest in five... 

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Bayswater to Sell Gold Mineral Interests in Italy

Bayswater Uranium Corporation reports it has entered into an option agreement with Coltstar Ventures Inc., a capital pool company listed on the TSX Venture Exchange, whereby Coltstar may acquire all of the issued and outstanding shares of Bayswater’s wholly owned subsidiary Tuscany Minerals s.r.l., which holds certain gold mineral properties located in Italy. The acquisition of the option contemplated... 

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Prices strong at Ritchie Bros.’ US$45 million Orlando auction despite market turmoil

Recent market turmoil and economic uncertainty had little impact on auction prices at the US$45 million unreserved public auction conducted by Ritchie Bros. Auctioneers in Orlando, Florida last week. More than 1,800 on-site and online bidders from 48 countries, including 46 U.S. states, registered to bid on more than 2,500 trucks and heavy equipment items being sold at the two-day auction. Buyers from... 

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Platts Top 250: The World’s Top Performing Energy Companies

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific companies. Against a... 

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Technip Awarded a New Contract for the Gdansk Refinery in Poland

Technip has been awarded by Grupa Lotos a lumpsum contract, worth approximately €70 million, for the refinery in Gdansk, Poland. The contract covers engineering and procurement services for a new solvent deasphalting* unit. The unit will have a feed capacity of 180 tons per hour. Technip’s operating center in Rome, Italy, will execute the contract. This is the third contract assigned to Technip... 

InterOil Provides Market Guidance on Its Business Operations

InterOil Corporation, a Canadian company with operations in Papua New Guinea confirmed that it is on track to meet its projected earnings for the third quarter of 2008. The midstream refining and downstream distribution operations have continued to operate profitably and are in line with the Company’s profit expectations. “We will be filing our third quarter financials on November 10, and... 

Technip Awarded Two New Frame Agreements by BP for Subsea Oilfield Developments in Angola

Technip and its subsidiary Angoflex Ltda. have been awarded two new major frame agreements by BP Exploration Ltd. for oilfield developments in Angola, covering: * engineering, procurement and manufacture of flexible pipe, * engineering, procurement and manufacture of umbilicals(1) and associated equipment. These frame agreements are part of BP’s deepwater development programme in Angola.... 

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Technip Awarded Umbilicals Contract in Norway

Technip announces that its wholly-owned subsidiary Duco Ltd. has been awarded by BP Norge AS a lumpsum EPC(1) contract, worth approximately € 20 million, for the Skarv field development. This field is located on the Norwegian continental shelf, in water depths ranging from 350 to 450 meters. The contract covers engineering, procurement, project management services and fabrication of two dynamic umbilicals(2)... 

Gulfport Energy Weathers Hurricane Gustav Escaping Major Damage

Gulfport Energy Corporation reports that after inspection of its West Cote Blanche Bay facilities by Company operations personnel, the facilities appear to be intact with no structural or other major damage from Hurricane Gustav. The field is ready to begin startup operations; however, the exact timing of the restart of production will be determined primarily by the availability of necessary third... 

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