Posts Tagged ‘oil/gas’

Brent nears $111 on uptick in China economy

by on November 22, 2012 5:02 am BST
China's vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, while a lower than expected drop in US oil inventory also boosted crude prices, Reuters stated.However, supply risks diminished after Israel and the Islamist Hamas movement agreed on Wednesday to an Egyptian-sponsored ceasefire

Santos output forecast to rise in 2013

by on November 22, 2012 5:01 am BST
Santos chief financial officer Andrew Seaton revealed the production guidance at an investor seminar on Thursday.The company expects the output rise to be underpinned by plateau production being reached at the Chim Sao production in Vietnam and the start-up the Fletcher Finucane oilfield off Western Australia in the

PTTEP calling on four suitors to bid for wellhead platform work

by on November 22, 2012 1:37 am BST
International assistance still a necessity onshore and offshore MARITIME hijackings and attacks off East Africa have fallen back in the face of concerted efforts by the international community to eliminate piracy, but would likely re-emerge if patrols were scaled back, leaving security to the practically non-existent African naval

Suspected virus outbreak on Heather Alpha

by on November 21, 2012 4:45 pm BST
EnQuest’s Heather Alpha platform in the UK North Sea has launched a down-man of the platform after a suspected outbreak of the norovirus, better known as the winter vomiting bug, platform operator Petrofac has confirmed.Three workers have been quarantined and placed in isolation on the platform 100 miles northeast