- Drill Ship Slips Anchor in Alaska, Adding More Challenge to Shell’s Plans
A drilling ship leased by Shell to begin exploring for offshore oil in the Arctic this summer drifted off its moorings this weekend while anchored off the Alaskan coast and narrowly missed the shore.
- Eni to Raise Investment in Indonesia to up to $1.2B in 2013
Eni will boost its investment in Indonesia to up to $1.2 billion next year from $400 million this year, a government official said.
- Oil Prices Rise 1.5% Ahead of Bernanke Remarks
Overriding some bearish new data on US retail sales and weak overall Chinese sentiment, oil prices closed higher in anticipation of the US Federal Reserve taking action.
- Cove Energy Shares Plunge As Shell Pulls Out Of Gas Bidding War
Shell said it would not participate in a final auction for control of Cove, a move that should effectively hand control of Cove to rival bidder PTT Exploration & Production.
- Oil Spill at Osprey Field
A specialist vessel was mobilized after an oil spill at North Sea’s Osprey field.
- Obama Greenlights US O&G Investment in Myanmar
US investment in Myanmar’s O&G sector is expected to benefit Southeast Asia, but the nation’s outdated economic infrastructure and human rights track record must be addressed.
- Report: BP Nears $15B Settlement Over Gulf Oil Spill
BP PLC is near to a settlement with U.S. authorities over the Gulf of Mexico oil spill, said U.K. newspaper The Sunday Times.
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