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Maersk Drilling gets $58 mln rig contract

Maersk Drilling Gets new Contract

COPENHAGEN, July 9 |  Tue Jul 9, 2013 2:40am EDT COPENHAGEN, July 9 (Reuters) – Danish oil and shipping group A.P. Moller-Maersk has received a jack-up rig contract from Danish energy group Dong Energy worth about $58 million. The rig, Maersk Resolve, will be used for drilling operations in the Danish North Sea, with the duration of the contract expected ...

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Incendiary Investment – Montana Energy Review

Amid grass-laden prairie and craggy Badlands, oil wells beam like giant medieval torches in the cerulean North Dakota sky. These candles of industry produce upwards of 700,000 barrels of oil each day from the shale reservoirs deep beneath the earth. Simultaneously, these North Dakota rigs are burning off an estimated 30 percent of their natural gas byproduct into the air, ...

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US Oil reserves rise 45%

The Bakken petroleum system and other tight, unconventional plays were largely responsible for a 45 percent rise in U.S. oil reserves over the past five years, according to a recent study by accounting firm Ernst & Young. Investments in the U.S. oil and gas sector also reached their highest level in almost a decade, the study revealed. The Ernst & ...

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Blast hits gas pipeline between Egypt and Jordan

Sun Jul 7, 2013 3:20am EDT (Adds fire under control, no injuries from explosion) CAIRO, July 7 (Reuters) – An explosion has hit an Egyptian gas pipeline in the lawless Sinai peninsula following a spate of attacks on security checkpoints in recent days, state television and witnesses said. It was not immediately clear who was responsible for the pipeline blast ...

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Mayor: $10 million won’t go far in meeting Watford City’s needs

By Neal A. Shipman Farmer Editor Source Article from http://www.watfordcitynd.com/?id=10&nid=2265 With the city of Watford City looking at needing over $195 million in infrastructure improvements to meet the needs of a rapidly growing city, Brent Sanford, Watford City mayor is less than pleased to see that his city is only going to be receiving $10 million in North Dakota Oil Impact ...

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