Hydrocarbons occupy a vital role in our life and continue to play an important role for many more years to come. We need to follow all technological innovations to continue our productivity standards to achieve our production targets. Let us extend our vision to achieve this mission.

Wednesday, December 5, 2012

News Update for this week

89 injured at Jurong Shipyard
89 workers were hospitalized after a newbuild jack-up under construction at the yard developed a list.
Shelf acquires Transocean rigs
Transocean has completed the sale of 38 shallow water rigs to newcomer Shelf Drilling for $1.05 billion.
Zaedyus-2 disappoints
Tullow fails to find commercial potential at Zaedyus-2 exploration well offshore French Guiana.
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PXP finalizes GOM acquisitions
Plains Exploration and Production (PXP) has closed on $6.1 billion worth of Gulf of Mexico assets belonging to BP and Shell
Board: offer undervalues Dockwise
Dockwise's board of directors have announced that it is dissatisfied with an $884 million offer by Dutch dredging company Boskalis.
Study highlights job prospects for minorities
A new API/IHS study says by 2030, 35% of new oil and gas jobs could be filled by Blacks and Hispanics.
Keppel delivers Primus jackup
Keppel FELS has delivered a newbuild jackup to Mexico's Oro Negro

Freeport acquires PXP, McMoRan

International copper and gold mining company Freeport-McMoran has offered to buy PXP and McMoRan Exploration for a combined $9 billion.

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