Keyword: oil industry

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Alaska Oil Rig Reaches Safe Harbor After Week on Rocks

08.01.2013 - A Shell oil drilling rig that ran aground last week reached a safe harbor on Monday, where it will be examined to assess its seaworthiness after a week on the rocks near an Alaskan...

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Transocean to Pay $1.4 Billion for Role in BP Oil Spill

04.01.2013 - Transocean agreed to pay $1.4 billion to settle U.S. government charges over BP's massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the...

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Rosneft Leads Russian Oil Output to New High

02.01.2013 - More crude from state-owned top producer Rosneft kept Russian oil output the highest in the world last year, ahead of Saudi Arabia, Energy Ministry data showed on Wednesday. Crude...

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TAQA Buys Stake in Iraqi Kurdistan Oil Block for $600 Million

02.01.2013 - Abu Dhabi National Energy (TAQA) has bought a 53.2% operating interest in Iraqi Kurdistan's Atrush oil block for $600 million from General Exploration Partners (GEP). A TAQA...

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Drifting Shell Drill Ship Grounds On Rocks Off Alaska

01.01.2013 - A large drill ship belonging to oil major Shell ran aground off Alaska on Monday night after drifting in stormy weather, company and government officials said. The ship, the Kulluk...

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EPA Faces Decisions on US Fracking Boom

30.12.2012 - The past four years of U.S. environmental regulation was marked by a crackdown on emissions that angered coal miners and power companies. Over the next four, the new head of the...

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Chevron to Buy Stake in Kitimat LNG from Encana, EOG

25.12.2012 - Chevron said on Monday it will enter the Canadian liquefied natural gas business with the acquisition of the 50% stake in the Kitimat LNG project held by Encana and EOG Resources...

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Rosneft Gets Huge Loans and Supply Deals for TNK-BP

24.12.2012 - Rosneft, seeking to wrap up Russia's largest-ever takeover deal, has raised $16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be...