CNOOC Falls as China-Japan Undersea Oil & Gas Dispute

Tuesday, September 21, 2010

According to a Sept. 20 report from Bloomberg, Cnooc Ltd., China’s biggest offshore energy producer, fell in Hong Kong trading as a growing territorial dispute between China and Japan in the East China Sea threatens to disrupt oil and gas development in the area. The shares dropped 0.4%, compared with the less than 0.1% gain in the benchmark Hang Seng index. China Oilfield Services Ltd., which counts CNOOC as its largest customer, declined 0.7%.

(Source: Bloomberg)
 


Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Energy

J.F. Lehman Acquires Heavy Equipment Group of Oldenburg Group

J.F. Lehman & Company (“JFLCO”) has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Norsepower Secures Funds for World’s Largest Rotor Sail

Norsepower Oy Ltd., today announces that it has been selected to receive €2.6M in funding to further its research and development of the Norsepower Rotor Sail Solution technology.

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

News

J.F. Lehman Acquires Heavy Equipment Group of Oldenburg Group

J.F. Lehman & Company (“JFLCO”) has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Norsepower Secures Funds for World’s Largest Rotor Sail

Norsepower Oy Ltd., today announces that it has been selected to receive €2.6M in funding to further its research and development of the Norsepower Rotor Sail Solution technology.

New Crane Orders for Huisman

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0993 sec (10 req/sec)