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Latest Offshore Oil Industry News

Equipment Makers Profiting More From Oil Prices Than Producers

Washington Post - Equipment makers are "a better place to be than the integrated oil companies because they're still a growth industry ... Offshore drilling creates difficulties that can be costly for oil producers and profitable for the service companies. BP's Thunder ...

Thomson Financial UK at a glance share guide - weekend

CNBC - ... 674.1 up 33.24 S&P 500 1,477.78 up 17.66 Gold 811.15 usd (796.15 usd) Oil ... banks whose balance sheets have been pumped up by new investors); fragrance industry ... Rolls-Royce (wins largest ever offshore marine contract); Wm Morrison (Lehman ...

The Oil and Gas Industry 2000-2004

Kommersant - The oil and gas industry has become the overall leader in the Russian economy in the past four years. Direct participation in its ... remains a slight possibility of obtaining an agreement only by fulfilling two conditions: the project must be offshore ...

Brazil's Petrobras leads stocks higher; real gains

Reuters - The state-controlled company said late on Thursday it struck light oil at a depth of around 5,000 meters in a well in the offshore Santos basin. ... More Industry, Materials and Utilities News...

The welcome mat must be rolled out for novel investors

Times Online - China National Offshore Oil Corp was also forced to retreat in its attempt to take over the Californian oil company Unocal. ... Also in Industry Sectors

Clouds gather over Nigeria's oil industry

Mail & Guardian Online - ... Given the massive investments entailed, notably in the deep offshore, our margins are already very narrow," the chairperson of one oil group ... on pain of sanctions. "They want everything tomorrow but in this industry we count in decades," said one oil ...

Gulf 'needs to turn into an offshore services hub'

Zawya.com - The GCC should transform itself into an offshore services hub to reduce the region's dependence on dwindling oil reserves and generate more jobs ... Chamber of Commerce and Industry (DCCI) Dubai Chamber of Commerce and Industry (DCCI) noted that oil's ...

India to be major player in Sri Lankan oil exploration

Economic Times - News By Industry ... India will be a key player in the Sri Lankan oil and gas exploration in the ... survey group - TGS NOPE - a few weeks ago for acquiring data in the Mannar Offshore ...

Energy Sector Roundup: Oil Prices Higher

Boston Globe - Petrobras Finds More Oil Offshore Brazil It was a good day for Petrobras shareholders. The stock rose $4.88, or 4.5 percent, to ... The solar industry has focused on Spain since October, when the country's Minister of Industry proposed an incentive plan ...

Abbot founder vindicated by £906m sale

Daily Telegraph - ... and this is what I have done here." A former banker at Citibank, Mr Locke became directly involved in the oil and gas industry when he became chief executive of Kelt Energy in 1985. He set up Abbot Group in 1990 to invest in the shipping and offshore ...

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