Canadian International Minerals Inc (CIN) has been granted a 5000 hectare Mineral Exploration Licence (MEL) in the Knee Lake region in central Manitoba. The MEL covers the Cinder Lake alkaline intrusive complex (CLC) which has only recently been studied by the Manitoba Geological Survey (MGS) and the Department of Geological Sciences (DGS) of the University of Manitoba. The south eastern part of the...
Royal Dutch Shell plc has implemented, as from 1 July, 2009, a series of changes to senior management roles and responsibilities. Accounting disclosure segmentation, as from the third quarter 2009, will reflect the new organisational structure. These changes will reduce Shell’s administrative costs, simplify the presentation of Shell’s financial results, and at the same time provide additional...
Linde North America and Shell Oil Company have executed a long-term contract for Linde to supply hydrogen for Shell’s Deer Park, Texas, complex. The hydrogen will be used primarily for the production of clean-burning transportation fuels at Deer Park Refining Company, a 50:50 joint venture of Shell and PMI Norteamerica S.A. de C.V., a wholly-owned subsidiary of Petroleos Mexicanos (Pemex). Linde...
Pan American Silver Corp. reported that Union workers at its Morococha mine in Peru initiated a strike yesterday after the Company and Union representatives failed to reach an agreement with respect to an increase in base pay and benefits. Contract workers are currently carrying out underground mining operations at a reduced rate while the Company attempts to resolve the matter. Meanwhile, discussions...
Seadrill and Brunei Shell Petroleum have in principle reached an agreement to extend the contract for the semi-tender rig West Pelaut. The extension has duration of three years with commencement in April 2009 in direct continuation of the existing work. West Pelaut is a first generation self-erecting semi-submersible tender rig that was built in 1994 and has been working for Brunei Shell Petroleum...
Flint Energy Services Ltd announced the Company’s 50 per cent owned joint venture company, FT Services, has been awarded a contract with an approximate value of $50 million over its two-year term to provide turnaround management and execution services to Shell Canada Limited (Shell) at the Scotford Complex, Fort Saskatchewan, Alberta. “FT Services was chosen for the contract due to our...
Anadarko Petroleum Corporation announced a number of promotions including M. Cathy Douglas as Vice President and Chief Accounting Officer. Douglas has nearly 30 years of experience with Anadarko in accounting policy, financial reporting, internal controls and risk accounting. She joined the company in 1979 and has held positions of increasing responsibility throughout her tenure, including her most...
Curtis, Mallet-Prevost, Colt & Mosle LLP represented KazMunayGas (KMG), the national oil company of Kazakhstan, in its successful negotiations with the North Caspian Sea consortium on the detailed agreements for the future development of the Kashagan field. The Kashagan field is reported to be the world’s largest oil discovery in at least three decades. The North Caspian Sea consortium consists...
Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development. “As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add profitable production and...
Entessa Inc. — the leading provider of Oil and Gas Logistics Management Solutions — delivered Release 5.0 of its Synthesis(TM) enterprise software suite to Sunoco Logistics Partners L.P.. The introduction of crude gathering pipeline support now enables Sunoco Logistics Partners to manage the entire order-to-cash logistics for its Western pipeline operations with Synthesis. Entessa is pleased...