Investments

Investments
Friday, November 21st 2014 - 21:16 UTC

Falklands opens dock facility to support oil industry exploration beginning 2015

Ms. Cunningham is on her second visit to the Falklands, having first visited in March, before the dock “Nobel Frontier” arrived under tow from New Orleans (Pic Houston Ch)

This week Houston based Noble Energy, one of the several oil companies operating in the Falkland Islands made the official opening of the temporary dock facility (TDF) in Stanley, an essential piece for the logistics of the industry which is scheduled to begin another round of exploratory drilling in the first quarter of next year.

Friday, November 21st 2014 - 06:59 UTC

Potential of US offshore oil and gas, according to American Petroleum Institute

Eastern Gulf of Mexico, the Pacific OCS and the Atlantic OCS are currently almost entirely off-limits to offshore oil and gas development

Two new studies released by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.

Thursday, November 20th 2014 - 04:55 UTC

World largest containership (19.000 TEU) belongs to China and was built in Korea

World largest containership (19.000 TEU) belongs to China and was built in Korea

The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week. Named CSCL Globe, it is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL), and takes the title of world’s largest containership from Maersk Line’s 18,000 teu Triple E class vessels.

Wednesday, November 19th 2014 - 09:42 UTC

Chevron begins oil and gas production at Tubular Bells, in the Gulf of Mexico

“The deepwater Gulf of Mexico plays a significant part in our earnings and production growth” said George Kirkland, from Chevron Corporation.

Chevron Corporation announced on Tuesday that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 217 km southeast of New Orleans, in approximately 1,310 m of water in the Mississippi Canyon area.

Tuesday, November 18th 2014 - 07:59 UTC

German bondholders join the “me-too club” demanding payment of Argentine bonds

Bondholders, advised by the firm based in Boston Bingham McCutchen, asked US District Judge Thomas Griesa to take Argentina to court and be paid fully

Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.

Tuesday, November 18th 2014 - 06:12 UTC

China and Brazil confirm closer trade and investment ties

Rousseff said Brazil hopes to enhance cooperation with China in such areas as oil and gas, new energy, satellite and information technology

Chinese President Xi Jinping met his Brazilian counterpart Dilma Rousseff in Australia on the sidelines of the G20 summit, calling for substantial progress in China-Brazil railway cooperation and further expanding trade and investment.

Friday, November 14th 2014 - 07:27 UTC

Falklands accepts Premier's 'realistic solution' to current world oil price environment

Stephen Luxton said FIG ”look forward to the existing productive working relationship continuing through project sanction to first oil production.”

The Falkland Islands Government said on Thursday it took notice of the announcement by Premier Oil of their revised proposal for commercial oil production in the Falkland Islands, which “it is considered represents a realistic solution to progress development in the current international oil price environment”.

Wednesday, November 12th 2014 - 07:10 UTC

World largest offshore drilling fleet admits slowdown in oversupplied rig market

The recent slide in oil prices has weighed on demand for offshore services as oil and gas producers cut costs

Transocean Ltd, the owner of the world's largest offshore drilling fleet, said it was likely to retire additional rigs as the company continued to face pressure due to slowdown in an oversupplied rig market.

Wednesday, November 12th 2014 - 06:42 UTC

Petrobras Argentina plans to invest 622m dollars to explore for shale gas

Petrobras Argentina expects to drill 44 wells at depths of up to 4,000 meters in Neuquen's Punta Rosada formation, Cabinet chief Jorge Capitanich

The Argentine unit of Brazilian state-controlled oil giant Petrobras plans to invest 622 million dollars to explore for non-conventional natural gas in Neuquen, the Argentine government announced on Monday.

Tuesday, November 11th 2014 - 07:25 UTC

Griesa authorizes Citibank to pay restructured bonds under Argentine law

Griesa's order gives Citigroup further breathing room in the ongoing dispute between the hedge funds and Argentina

New York District judge Thomas Griesa has authorized Citibank to complete the transfer of 85 million dollars to holders of restructured Argentine bonds under Argentine law, meeting debt services that expire on December 31.

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