Monthly Archives: June 2012

Cerro Dragon occupation winds down

June 30, 2012
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Construction workers who had occupied facilities at Argentina’s largest oilfield, Cerro Dragon, have stood down after an order from the provincial government, operator Pan American Energy said Friday.

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California groups share fracking concerns

June 30, 2012
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Hydraulic fracturing has brought together greens and growers in California through a shared concern about the impact of the practice on water in a state where it is often in short supply.

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ShawCor bags another Ichthys contract

June 30, 2012
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Services company ShawCor said its pipe-coating division, Bredero Shaw, has signed a $100 million deal with McDermott’s Australian unit to provide pipeline coatings and related services for the flowlines and tie-in spools of the Ichthys LNG project.

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Oil posts fourth biggest daily gain on record

June 30, 2012
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Oil surged on Friday in heavy trading to the fourth biggest daily gain on record, as a deal by European leaders to shore up euro zone banks triggered frantic short-covering by funds that had been riding crude’s price collapse over the last quarter.

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Nigeria: Top pipeline bomber arrested

June 30, 2012
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Nigerian authorities said on Friday they had arrested the leader of a network of crude oil thieves in the Niger Delta responsible for several pipeline bombings against oil majors including Shell and Eni.

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Statoil shuts Gullfaks A after leak

June 30, 2012
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Statoil has shut oil production at its Gullfaks A oil platform in the North Sea due to a leak in a ballast tanker, according to a report.

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