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Genesis Energy, L.P. Completes Acquisition Of Interests In Gulf Of Mexico Oil Pipelines, Including Poseidon
Genesis Energy, L.P. (NYSE: GEL) announced today that it has acquired from Marathon Oil Company, a wholly-owned subsidiary of Marathon Oil Corporation (NYSE: MRO), interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in Poseidon Oil Pipeline Company, L.L.C., its 29% interest in Odyssey Pipeline L.L.C., and its 23% interest in the Eugene Island Pipeline System.

date.png05 Jan 2012 12:47 | comments.png 0 Comments | tags.png genesis gulf-of-mexico oil pipeline usa [ More ]

Enterprise and Genesis Energy to Build Crude Oil Gathering Pipeline in the Deepwater Gulf of Mexico
Enterprise Products Partners L.P. (NYSE:EPD) and Genesis Energy, L.P. (NYSE:GEL) today announced that they have executed crude oil transportation agreements with a consortium of six Gulf of Mexico producers which will provide the necessary support for construction of a new crude oil gathering pipeline serving the Lucius development area in southern Keathley Canyon. The producer group is comprised of Anadarko U.S. Offshore Corporation, Apache Deepwater Development LLC, Exxon Mobil Corporation, Eni Petroleum US LLC, Petrobras America Inc., and Plains Offshore Operations Inc. The pipeline will be constructed and owned by Southeast Keathley Canyon Pipeline Company LLC (“SEKCO”), a 50/50 joint venture between Enterprise and Genesis. Enterprise will serve as construction manager and operator of the new pipeline, earning fees for both services.

date.png04 Jan 2012 12:47 | comments.png 0 Comments | tags.png enterprise genesis gulf-of-mexico oil pipeline usa [ More ]

Stone Energy Corporation Announces Close of Acquisition of BP's Pompano Field Working Interest
Stone Energy Corporation (NYSE: SGY) today announced the closing of the previously announced acquisition of deep water assets from BP Exploration & Production Inc. (BP), which include BP's 75% operated working interest in the five block deep water Pompano field in Mississippi Canyon, a 51% operated working interest in the adjacent Mississippi Canyon block 29, a 50% non-operated working interest in the Mica field, which ties back to the Pompano platform, and interests in 23 deep water exploration leases located in the vicinity of the Pompano field.

date.png29 Dec 2011 08:49 | comments.png 0 Comments | tags.png bp deals gulf-of-mexico stone upstream usa [ More ]

Cobalt International Energy, Inc. Announces Resumption of Gulf of Mexico Drilling Program and 2012 Cash Expenditure Forecast
Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) announced today that the Ensco 8503 drilling rig, contracted to Cobalt, has returned to the U.S. Gulf of Mexico following a sublet of the rig to drill a well in French Guiana. Cobalt received the required U.S. Coast Guard Certificate of Compliance and has subsequently received APD approval from the Bureau of Safety and Environmental Enforcement (BSEE) for the Ligurian #2 exploratory well. Cobalt plans to spud Ligurian #2 by year end. Ligurian is located in the Southern Green Canyon Area immediately adjacent to the 2009 Heidelberg discovery in which Cobalt is a part owner. After drilling Ligurian #2, Cobalt plans to move the rig to the North Platte #1 well location in the Garden Banks Area to drill that prospect. Cobalt anticipates that each of the Ligurian #2 and North Platte #1 exploratory wells will take approximately six months to drill.

date.png22 Dec 2011 07:06 | comments.png 0 Comments | tags.png cobalt gulf-of-mexico upstream usa [ More ]

Mustang Awarded Topsides Engineering for Anadarko’s Lucius Deepwater Spar Production Facility
Mustang, a Wood Group company, has been awarded the topsides detailed engineering, procurement support and equipment inspection for a truss spar floating production facility in the Lucius field development to be operated by Anadarko Petroleum Corporation (NYSE:APC). The facility will be located in the Keathley Canyon area of the Gulf of Mexico, in approximately 7,100 feet of water, and will have a capacity of 80,000 BPD oil and 450MMSCFD gas.

date.png20 Dec 2011 10:21 | comments.png 0 Comments | tags.png anadarko gulf-of-mexico mustang usa wood-group [ More ]

Technip awarded lump sum contract for the Lucius development project in the Gulf of Mexico
Technip was awarded a lump sum contract by Anadarko Petroleum Corporation for the engineering, construction and transport of a 23,000 ton truss Spar hull for their Lucius(1) project in approximately 7,100 feet (2,165 meters) of water depth in the US Gulf of Mexico, with first oil being scheduled in 2014. Lucius will be the seventh Spar Technip has delivered to Anadarko(2).

date.png19 Dec 2011 11:35 | comments.png 0 Comments | tags.png anadarko gulf-of-mexico upstream usa [ More ]

BP Announces Settlement with Cameron International Corporation of Claims Related to the Deepwater Horizon Accident
BP today announced that it has reached agreement with Cameron International Corporation (“Cameron”), the designer and manufacturer of the Deepwater Horizon blowout preventer, to settle all claims between the companies related to the Deepwater Horizon accident and spill. BP and Cameron have concluded that the settlement is in their mutual best interests, and the agreement is not an admission of liability by either party.

date.png16 Dec 2011 09:45 | comments.png 0 Comments | tags.png bp gulf-of-mexico n-america upstream usa [ More ]

Secretary Salazar to Open Western Gulf of Mexico Lease Sale 218
Department of the Interior Secretary Ken Salazar will open Western Gulf of Mexico Lease Sale 218 in New Orleans tomorrow at 9 a.m. CST at the Mercedes-Benz Superdome with brief remarks. The sale, held by the Bureau of Ocean Energy Management (BOEM), has attracted 241 bids submitted by 20 companies on 191 tracts offshore Texas, compared to 189 bids submitted by 27 companies on 162 tracts during the previous Western Gulf Lease sale in August 2009.

date.png15 Dec 2011 09:44 | comments.png 0 Comments | tags.png gulf-of-mexico upstream usa [ More ]

ATP Marks Successful Clipper Well Test
ATP Oil & Gas Corporation (NASDAQ: ATPG) today announced the successful completion and testing of the second Clipper well at rates of 9,000 Bbls per day and 4.6 MMcf per day. When combined with the first Clipper well this brings the total test rates to approximately 13.7 MBbls of oil per day and 50.2 MMcf of natural gas per day or 22 MBbls equivalent per day (62% oil).

date.png12 Dec 2011 14:53 | comments.png 0 Comments | tags.png atp gulf-of-mexico upstream usa [ More ]

FMC Technologies Awarded $40 Million Subsea Systems Contract From LLOG
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with LLOG Exploration Company, LLC, for the design, manufacture and supply of subsea production systems to support its Who Dat project in the U.S. Gulf of Mexico. The award is valued at approximately $40 million in revenue to FMC.

date.png08 Dec 2011 06:29 | comments.png 0 Comments | tags.png fmc gulf-of-mexico services usa [ More ]
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