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The project department and commercial department personnel of HOOSL arrived in Kenya in September, and attend the meeting about initializing the projects in Baringo-Silali area with the Company -- Geothermal Development Company. (GDC), the Company’s CEO, technical general manager and business manager attended the meeting. The meeting emphasized the specific details of initializing the project, through consultation, the two parties has reached the following consensus:1.  The meeting begun with welcoming remarks by the chairman followed by brief introduction by members, HOOSL express thanks to GDC.2.  GDC has completed the construction of well site, pre-drilling work, well site water supplying and the road construction have been completed. Therefore, the two rigs can be d...
发布时间: 2017 - 09 - 28
COSLPromoter; Image: COSL DrillingzoomCOSLPromoter; Image: COSL DrillingChina Oilfield Services Limited (COSL), a parent company of COSL Drilling Europe, is thinking about taking legal action against Statoil after the oil company terminated a rig contract it had with COSL Drilling. To remind, the Norwegian oil company Statoil cancelled a contract with COSL Drilling for the COSLInnovator semi-submersible rig that was operating on the Troll field in the North Sea. Statoil claimed that the conditions for terminating the contract had been met. In addition, Statoil decided to stop drillin...
发布时间: 2016 - 03 - 14
GC18 platform with drill rig; Image: Epic Management ResourceszoomGC18 platform with drill rig; Image: Epic Management ResourcesAn offshore worker has died after suffering fatal injuries on a platform in the U.S. Gulf of Mexico.On Friday, March 11, the Bureau of Safety and Environmental Enforcement (BSEE), an agency under the United States Department of the Interior, responded to a reported fatality on Platform A, Green Canyon Block 18 in the Gulf of Mexico.The platform, located approximately 150 miles south of New Orleans, is operated by an offshore oil and gas operator based in Houston, Whis...
发布时间: 2016 - 03 - 14
MEXICO CITY, March 9 (Reuters) - Oil companies have paid Mexico's oil regulator nearly $80 million for seismic data ahead of an auction for deep water fields, suggesting robust interest in the tender despite a lasting slump in the price of crude.Thirteen companies, including Exxon Mobil, BP and BHP Billiton, have paid a total of 1.38 billion pesos ($78 million) to date for licenses to use deep water data, according to a document from national oil regulator CNH seen by Reuters.Company executives say the sum reflects only a fraction of their spending in the past year to acquire geological data a...
发布时间: 2016 - 03 - 10
While the world focuses on Russia’s oil–freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation's(Bloomberg) -- While the world focuses on Russia’s oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s energy industry.   The petrodollars that underpin Russia’s national budget are evaporating. When crude prices were high, increasing revenue simply meant encouraging companies like Rosneft OJSC and Lukoil P...
发布时间: 2016 - 03 - 10
Almost two million job opportunities lie ahead for women and minorities, according to a new report by IHS that examines demographic and labor market trends in the United States for the next 20 years. The report "Minority and Female Employment in the Oil and Natural Gas and Petrochemical Industries", released March 8, estimates that 1.9 million job opportunities will exist in oil and gas and petrochemical industries through 2035.  A significant number of those new job opportunities will be filled by women and minorities. The report estimates Hispanic workers will account for 576,...
发布时间: 2016 - 03 - 10
MOSCOW, March 1 (Reuters) - Russian oil companies back the idea to freeze output at near-record levels reached in January, but did not support any proposals to cut oil production to lift global prices, Energy Minister Alexander Novak said.Russian President Vladimir Putin met the heads of the country's top producers, including Rosneft Chief Executive Igor Sechin, Lukoil CEO and co-owner Vagit Alekperov and others, to hear their views on last month's proposed output freeze.Novak, who was negotiating the first potential global oil pact in 15 years in Doha, said Putin and the oil firms, which pump...
发布时间: 2016 - 03 - 02
Offshore drilling contractors likely to struggle through at least 2018, Moody’s Investors Service says in a new report. Prolonged weakness in oil and gas prices is taking its toll throughout the energy industry, and as such, Moody’s Investors Service is recalibrating its ratings for several companies in one direction: down.  “The drop in oil prices and weak natural gas prices has caused a fundamental change in the energy industry, and its ability to generate cash flow has fallen substantially,” analysts write in a Feb. 26 credit research report. “Moody’s believe this condition will persis...
发布时间: 2016 - 03 - 02
(Bloomberg) -- Aubrey McClendon has been called a pioneer and a natural gas evangelist. Now he might just be the architect of his own destruction.Three years after being forced out of  Chesapeake Energy Corp., the natural gas company he co-founded, the 56-year-old is facing allegations he worked with an unidentified competitor to keep the price of leasing land artificially low.McClendon is accused of orchestrating a scheme between two “large oil and gas companies” to not bid against each other for leases in northwest Oklahoma from December 2007 to March 2012, the Justice Department said T...
发布时间: 2016 - 03 - 02
LONDON, Feb 23 (Reuters) - British oil and gas production could halve by 2025 if oil companies do not spend enough to squeeze every last drop out the North Sea, industry group Oil and Gas UK warned on Tuesday. Oil and gas companies, including former North Sea heavyweights BP, Shell and Statoil, have slashed their budgets by billions of dollars as they grapple with a 70 percent fall in oil prices. Britain, one of the oldest oil and gas basins, has been hit especially hard as low revenue prospects are coupled with some of the world's highest exploration and production costs. New investments...
发布时间: 2016 - 02 - 23
(Bloomberg) -- OPEC and U.S. shale may need a relationship counselor.After first ignoring it, later worrying about it and ultimately launching a price war against it, OPEC has now concluded it doesn’t know how to coexist with the U.S. shale oil industry."Shale oil in the United States, I don’t know how we are going to live together," Abdalla Salem El-Badri, OPEC secretary- general, told a packed room of industry executives from Texas and North Dakota at the annual IHS CERAWeek meeting in Houston.The Organization of Petroleum Exporting Countries, which controls about 40 percent o...
发布时间: 2016 - 02 - 23
Could OPEC be gearing up for the potential collapse of Venezuela's oil industry as a means to cut crude the production glut?It was fun while it lasted. During those heady days immediately after Russia announced it had agreed with Saudi Arabia to freeze oil production, some markets rallied and oil prices climbed back into the $30s. Texas Republican Congressman Joe Barton, former chairman of the House Energy and Commerce committee, crowed to CNN that by lifting the ban on U.S. exports of crude, lawmakers had managed to “kill” the Organization of Petroleum Exporting Countries (OPEC). The idea of ...
发布时间: 2016 - 02 - 23
A reported agreement that Venezuela, Russia and Saudi Arabia have agreed to a production freeze, but analysts are noting it may not be time to celebrate just yet. The agreement hinges on Iraq and Iran signing on and pledging they won’t increase their production either – a caveat that doesn’t bode so well for the plan. “While it's the first coordinated supply move of any kind by OPEC members and Russia in the past 15 years, it is clear that any deal without Iranian and Iraqi participation will do little to tighten the market, at least in 2016,” analysts at Raymond James said in a Tuesday note t...
发布时间: 2016 - 02 - 17
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