W&T Offshore's Mature Assets Dry up

Thursday, March 03, 2011

According to a March 2 report from Reuters, Gulf of Mexico-focused oil and natural gas company W&T Offshore Inc. forecast weak production in 2011 as most of its properties have reached a saturation point, sending its shares down 14 percent to a two-week low. W&T, which agreed to buy some assets from a Royal Dutch Shell unit in November, sees the share of natural gas in total production to go up to 60 percent from 51 percent last year.

 
(Source: Reuters)

Offshore

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

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US Offshore Lease Sale Yields $18 Mln in High Bids

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Finance

SOS from Hanjin Shipping

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NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

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Skaugen Goes to Red Again

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News

Coast Guard Foundation Awarded 128 Scholarships

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Keppel to Deliver First North Sea FPSO

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NASA May Send Submarine to Titan

NASA has unveiled plans to send a submarine into the depths of the largest ocean of Saturn's biggest moon, Titan in a bid to explore the depths of its largest ocean.

 
 
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