Peritus International Company Focus Subsea Floating System Oil and Gas

Peritus enters subsea and floating systems oil and gas engineering sector Global subsea and floating systems oil and gas engineering market was unveiled 29 January with the launch of Peritus International. Focussing on subsea and floating systems design, the company will utilise an international network of regional engineering centres initially based in Australia, the UK [...]

Tags:, , , , Gas, Oil | February 24, 2010

Oil and Gas Companies Targets Merger and Acquisition

Oil and gas companies, including Devon Energy, Occidental Petroleum and Chesapeake Energy, could be targets for mergers and acquisitions in the coming year after bottoming out in 1Q 2009, M&A in the industry have been on a sharp upswing, said Deloitte vice chairman and senior oil & gas leader Gary Adams at the Energy M&A [...]

Tags:, , , , , Energy, Gas, Hot News, Oil | February 24, 2010

British Oil Exploration Drilling Falkland Island

British oil exploration company began drilling near the Falkland Islands, a development that could worsen tensions between Britain and Argentina, which fought a war over the disputed islands nearly three decades ago. Desire Petroleum PLC said it started drilling for oil about 60 miles (100 kilometers) north of the disputed Falkland Islands, despite strong opposition [...]

Tags:, , , Crude Oil, Oil | February 23, 2010