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Global drilling slump 'to last 12-18 months'.

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Global drilling slump 'to last 12-18 months'.
Mar 10th 2014, 00:00

The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling said, providing a more optimistic forecast than other drilling firms.
Oil companies are only delaying projects, Claus Hemmingsen, the chief executive of Maersk Drilling, a unit of Danish shipping conglomerate AP Moller-Maersk, told...

Publications by Natural Gas Monthly: Glossary.

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Glossary.
Jan 1st 2014, 00:00

Aquifer Storage Field: A sub surface facility for storing natural gas, consisting of water bearing sands topped by an impermeable cap rock.
Balancing Item: Represents the difference between the sum of the components of natural gas supply and the sum of the components of natural gas disposition. These differences may be due to data reporting or survey coverage problems. Reporting problems...

The Ras Markaz Crude Oil Terminal.

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The Ras Markaz Crude Oil Terminal.
Feb 17th 2014, 00:00

The state-owned Oman Tank Terminal Co. (OTTCO) expects to complete the first phase of its Ras Markaz crude oil export and storage terminal in 2018. OTTCO is a unit of OOC. This important project will be developed in phases, with a potential storage capacity of up to 200m barrels of crude oil. Having a natural depth of 32 metres which will enable it to accommodate very large crude oil carriers...

Petronas 2013 net profit one of the 'best ever'

Petronas 2013 net profit one of the 'best ever'

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) had one of its “best years ever” in 2013 when it posted an 8.4% spike in net profit to RM54.11bil from RM49.92bil a year ago, citing better oil and gas (O&G) production from South Sudan, Iraq, Malaysia and Canada.
But its dividends to the Government came down by RM1bil to RM27bil, even though its contribution to the national heritage fund stood firm at RM2bil for a second year running.
This is in tandem with Petronas’ commitment to pay out 30% of its income as dividends to the Federal Government.

Global drilling slump 'to last 12-18 months'.

Great rates not enough?

OptionsHouse is a cutting-edge platform with award-winning technology. Even with our professional tools, you'll still pay great rates.
From our sponsors

Global drilling slump 'to last 12-18 months'.
Mar 10th 2014, 00:00

The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling said, providing a more optimistic forecast than other drilling firms.
Oil companies are only delaying projects, Claus Hemmingsen, the chief executive of Maersk Drilling, a unit of Danish shipping conglomerate AP Moller-Maersk, told...

Publications by Natural Gas Monthly: Glossary.

Create Instant Online Publicity

Get your news to consumers, journalists and bloggers. Increase your rankings in search engines. Drive traffic to your website.
From our sponsors

Glossary.
Jan 1st 2014, 00:00

Aquifer Storage Field: A sub surface facility for storing natural gas, consisting of water bearing sands topped by an impermeable cap rock.
Balancing Item: Represents the difference between the sum of the components of natural gas supply and the sum of the components of natural gas disposition. These differences may be due to data reporting or survey coverage problems. Reporting problems...

The Ras Markaz Crude Oil Terminal.

Want to speak effortlessly in any situation?

Actress Alexa Fisher will teach you tips that will set you on the road to success.
From our sponsors

The Ras Markaz Crude Oil Terminal.
Feb 17th 2014, 00:00

The state-owned Oman Tank Terminal Co. (OTTCO) expects to complete the first phase of its Ras Markaz crude oil export and storage terminal in 2018. OTTCO is a unit of OOC. This important project will be developed in phases, with a potential storage capacity of up to 200m barrels of crude oil. Having a natural depth of 32 metres which will enable it to accommodate very large crude oil carriers...

Petronas 2013 net profit one of the 'best ever'

Petronas 2013 net profit one of the 'best ever'

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) had one of its “best years ever” in 2013 when it posted an 8.4% spike in net profit to RM54.11bil from RM49.92bil a year ago, citing better oil and gas (O&G) production from South Sudan, Iraq, Malaysia and Canada.
But its dividends to the Government came down by RM1bil to RM27bil, even though its contribution to the national heritage fund stood firm at RM2bil for a second year running.
This is in tandem with Petronas’ commitment to pay out 30% of its income as dividends to the Federal Government.