Gastar Exploration Ltd. together with joint venture partner Eastern Star Gas announced the results from the latest exploratory corehole drilled on license PEL 238 located in New South Wales, Australia.
The Edgeroi-1 corehole was drilled approximately 26 miles north of the existing Bibbliwindi and Dewhurst areas and intersected a total of more than 70 feet of [...]
StatoilHydro, the second largest natural gas supplier to Europe and Chesapeake Energy Corporation, the largest US natural gas producer, today announced the signature of a strategic agreement to jointly explore unconventional gas opportunities worldwide.
Under these agreements StatoilHydro will initially acquire a 32.5% interest in Chesapeake’s Marcellus shale gas acreage covering 1.8 million net acres (7,300 [...]
Epsilon Energy Ltd., announced that it had purchased 1,000,000 of its Common Shares through a combination of open market and block trades at an average cost of $0.83 per Common Share between October 1, 2008 and November 7, 2008. Under terms of the Normal Course Issuer Bid approved by the Toronto Stock Exchange (”TSX”) on [...]
ShengdaTech Inc. a leading manufacturer of nano precipitated calcium carbonate and a manufacturer of coal-based chemical products in Shandong Province, PRC, today announced the Company will require additional time to close the acquisition of Jinan Fertilizer Co., Ltd., (”Jinan Fertilizer”) and that the chemical facility in Tai’an City was closed as scheduled on October 31, [...]
Transocean Inc. announced that a five-year contract has been executed with a client for a previously announced ultra-deepwater newbuild drillship equipped for drilling in up to 10,000 feet of water depth, upgradable to 12,000 feet of water depth with additional equipment, and constructing wells up to 40,000 feet total depth. The rig is listed in [...]
Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering.
This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea
Current Environment - Key Points
- Crude oil prices [...]
The ultra-deepwater drillship West Polaris has commenced operations for ExxonMobil in Brazil. West Polaris, which was delivered from Samsung Heavy Industries in South Korea mid July this year, arrived offshore Brazil end of September and has since arrival been loading onboard relevant equipment as well as preparing for operations. West Polaris has a four-year contract [...]
Seadrill took delivery of the deep water drilling rig West Hercules from the DSME shipyard in South Korea.
West Hercules has a three-year contract for Husky Oil China Ltd. for operations offshore China. The unit will proceed for mobilization and commencement of operations is expected within the next thirty days.
West Hercules is a sixth generation, high [...]
General Moly Inc. announced the signing of an off-take agreement with Sojitz Corporation, a leading Japanese trading company and the largest Japanese molybdenum trader. The agreement provides for the supply of five million pounds per year of molybdenum for five years, beginning once Mt. Hope reaches commercial production levels. The agreement also provides Sojitz the [...]
Reliance Steel & Aluminum Co. announced that it has completed the previously announced acquisition of the outstanding capital stock of PNA Group Holding Corporation, a national steel service center group. The transaction value of approximately $1.065 billion included approximately $725 million of PNA’s debt that was repaid or refinanced, including the settlement of Reliance’s cash [...]
