Daewoo Shipbuilding wins a reprieve, helping avert a payment crisis that had threatened to almost shut the company.
Source: Offshore
Daewoo Shipbuilding's Bailout Plan Cleared by Pension Fund
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BP is working to secure an ongoing natural gas leak in a well on Alaska’s North Slope that also sprayed crude oil for three days before that release was capped.
Source: Offshore
BP Alaska Well Still Leaking Gas as Plans Proceed to Close It
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Phoenix-based Freeport-McMoRan will be laying off additional staff in Houston as a result of its recent divestitures.
Source: Offshore
Freeport-McMoRan Lays Off More Workers in Houston
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Williams Partners LP says it will sell its stake in a unit that owns 88.46% of an olefins plant in Louisiana to Nova Chemicals for $2.1B in cash.
Source: Offshore
Williams Partners Sharpens Natgas Focus With Petrochem Plant Sale
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Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at $3.50 per barrel, down 70 cents.
Source: Offshore
PETRONAS Sets April Crude Price Factor At .50/bbl
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A BP well located on Alaska’s North Slope is no longer leaking crude oil or natural gas.
Source: Offshore
BP Kills Alaska Well After Capping Oil, Natural Gas Leaks
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US shale production in May was set for its biggest monthly increase in more than two years, government data shows.
Source: Offshore
May US Shale Oil Output Seen Rising Most In Over 2 Years
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Blackstone Group LP agreed to acquire pipeline company EagleClaw Midstream Ventures LLC for about $2 billion in cash, the latest deal in the prolific Permian Basin of West Texas.
Source: Offshore
Blackstone to Buy Permian Basin Pipelines for Billion
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Producers in the Permian shale basin tend to be hedging at lower prices than rivals centered on less-attractive basins such as the Bakken and Eagle Ford basins.
Source: Offshore
Gadfly: Permian Shale Producers Take the Strain of Lower Prices
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Crude oil prices slipped 1% in subdued trading after a long Easter holiday weekend.
Source: Offshore
Oil Edges Lower, Trade Thin As Some Cash In After 3-Week Rally
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