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Oil And Gas Arm News

02 Sep 2013

GAC USA Appoint New Business Development V-P

Reggie Gray: Photo credit GAC Energy & Marine Services

Reggie Gray, the president of Houston Intercontinental Chamber of Commerce (HICC) has joined GAC Energy and Marine Services LLC as Vice President of Business Development. GAC Energy and Marine Services is the Houston-based oil and gas subsidiary of the GAC Group, one of the world’s largest service providers to the logistics, shipping and marine industry. In his new role Reggie is responsible for growing new business, strategically aligning the Group’s oil and gas arm with Houston’s…

16 Sep 2010

Daewoo May Beat Shell as First Floating LNG Vessel Operator

According to a Sept 15 report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co. said its Papua New Guinea energy venture may beat Royal Dutch Shell Plc to become the first operator of a floating liquefied natural gas production vessel. The venture could begin using a floating LNG unit in 2014 to process gas from an onshore field, Kim Jin Seok, chief executive officer of DSME E&R Ltd., the shipbuilder’s oil and gas arm, said in an interview in Seoul. Shell is due to receive the first of as many as 10 floating LNG plants in 2016 for use off Australia. (Source: Bloomberg)

07 Apr 2000

Offshore Week

PanCanadian Petroleum Ltd., Canada's No. 2 oil company, could soon be on track to develop an East Coast offshore gas project to rival the huge Sable Island project, its chief executive said. PanCanadian, the oil and gas arm of conglomerate Canadian Pacific Ltd., plans to drill two appraisal wells this year near its recent Deep Panuke gas discoveries, made at the site of the exhausted Copan oil project off Nova Scotia. The wells will give the company the geological data it needs to decide whether to pursue more drilling or full development, PanCanadian CEO David Tuer said. Two recent wells drilled into the gas formation beneath the old oil reservoir tested at more than 50 million cubic feet a day each.