September 2009 Archives

Oil and gas producer ATP Oil & Gas Corp. said Tuesday that it raised $93.4 million in net proceeds in a previously announced public offering of common stock.

diesel truck tanks

The Houston-based company said it will use the $93.4 million, the amount after deducting the underwriters' discount and estimated expenses, to fund capital expenditures, primarily at its Telemark location in the deepwater Gulf of Mexico, to reduce indebtedness and for general corporate purposes. ATP also announced Tuesday that it has closed its previously announced private placement of a new series of 8 percent convertible perpetual preferred stock.

Full Story: ATP Oil & Gas closes stock offering, placement - Forbes

was trading strong but 16900 was strong resistance in today’s trade. All the sectoral indices were trading positive. The BSE IT, pharma and oil & gas indices were up 1.5-2.4%. Buying was also seen in banks, capital goods, power and metals stocks. Reliance, Infosys, ICICI Bank, L&T and HDFC were the positive contributors to the Sensex .

Hydraulic Cone Crusher :http://www.shaktimining.com/hydraulic-cone-crusher.html

was up 165.36 points or 0.99% at 16858.36, and the Nifty was up 39.15 points or 0.79% at 4998.10. were Sun Pharma at Rs 1,408.10 up 7.41%, TCS at Rs 610.90 up 4.06%, ICICI Bank at Rs 863.80 up 3.01%, Wipro at Rs 583.15 up 2.82% and Infosys at Rs 2,293 up 2.12%.

Full Story: Sensex trading strong; IT, pharma, oil & gas surge - Moneycontrol.com

By Dinakar Sethuraman Sept. 28 (Bloomberg) -- India may attract as much as $5billion in work commitments in the country’s largest auction ofoil and gas areas as explorers such as BP Plc, BG Group Plc andSantos Ltd. seek new deposits, a government official said.

Forklift Oil Tank manufacturing facility.

Oil companies such as Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell Plc aren’t participating in Indian auctionsbecause they want producing areas, he said. Asia’s third-largestenergy consumer, seeking to cut oil imports, may have receivedabout $12 billion in work commitments and additional spendingunder the country’s first five rounds, Sibal said. Worldwide spending on oil and gas exploration may drop 12percent to $400 billion this year, according to Barclays CapitalResearch.

Full Story: India May Attract $5 Billion in Oil, Gas Exploration Round - Bloomberg

Iran is to take measures including the storage of liquid gas to prevent a potential lack of natural gas for domestic consumption during the oncoming winter.

More info : Truck mounted crane

“We expect a natural gas shortage of around 7.06 billion cubic feet during the approaching winter, but we hope to prevent a cutoff of gas flow by storage of needed gas for power plants and management of household consumption,” Iran’s Oil Minister Masoud Mirkazemi told reporters on Saturday. He added that during a natural gas shortage in recent years, the Oil Ministry has learned to handle the crisis by reducing the gas provided to some industries and power plants.

Full Story: Iran takes measures to handle gas crisis - Tehran Times

News Store allows you to search Fairfax publications and ASX company announcements from 1990 to today. It's free to search, however a small charge applies if you want to view the full text of an article.

Manufacturer auto fuel tanks

operatorship in a new high impact oil and gas exploration project located onshore in south Louisiana, just a short drive from its Bullseye Project. hydrocarbon bearing areas which in the Company's view are moderately low risk in onshore Louisiana or Texas where its knowledge base and operational experience has been established from its other projects.

Full Story: New Oil and Gas Project - The Age

Prominent government and private sector speakers to discuss major trends, issues and challenges affecting local and regional O&G business and showcase developments As Abu Dhabi emerges as one of the most active oil and gas project markets in the world, MEED estimates that the emirate will spend more than USD30 billion on new schemes between March 2009 and March 2010 as it aims to seize the momentum while benefiting from low materials and engineering costs. This is in line with Abu Dhabi’s goal to increase oil production capacity to 3.5 million barrels per day by 2019.

More on Truck Mounted Crane India

As a result of these vast expansion plans, potential for investment within the emirate is huge. MEED has gathered the industry’s leaders to debate and discuss the current oil and gas market in order to highlight where the existing and future business opportunities lie. Abu Dhabi Conference 2009, the 5th edition of the definitive event for doing business in the UAE’s capital, which runs from 10th – 12th November 2009, has confirmed the participation of key government officials, and oil and gas (O&G) industry experts who will discuss the future of their activities across Abu Dhabi.

Full Story: Industry experts to showcase oil and gas projects at Abu Dhabi ... - Al-Bawaba

 recovered from the day's low and was trading near its previous closing value. Oil & gas, power, capital goods, pharma and select auto stocks helped the markets in recovery. However, selling continued in technology, banking and metal stocks. Bharti and Tata Motors were the other losers.

auto fuel tanks

The broader indices were outperforming the benchmark indices; gained 1% each. About 823 shares advanced while 335 shares declined on the NSE. In the midcap space , Videocon Industries shot up 7%, as it is looking to spin off its oil & gas exploration Wahoo field block into separate company and then monetize it.

Full Story: Nifty recovers; oil & gas, power, pharma support - Moneycontrol.com

Indian Express

Sensex lacklustre; Pharma, Oil & Gas up Economic Times MUMBAI: Benchmark indices were moving in narrow ranged Friday as investors stood on sidelines ahead of a long weekend. However, buying activity was seen in ... Nifty slips; IT, metals, auto, realty, oil & gas downMoneycontrol.com Sensex trades lacklustre; Sun Pharma surgesMyiris.com Sensex opens positive; Oil & gas, consumer durables gainMyiris.com Myiris.com all 335 news articles »

More on Pick and Carry Crane here.

Full Story: Sensex lacklustre; Pharma, Oil & Gas up - Economic Times

Rediff

ONGC to invest Rs 50k cr in E&P Economic Times ONGC plans to invest over Rs 50000 crore in developing new oil and gas fields and increase output from existing fields, he said. ... ONGC to pump in Rs 50000cr in 2 yrsTimes of India ONGC to spend Rs 5000 cr on east coast fieldsBusiness Standard OVL not exiting Iran's Farsi blockNDTV.com Business Standard -Economic Times -Business Standard all 75 news articles »

Mahindra vehicles diesel tanks

Full Story: ONGC to invest Rs 50k cr in E&P - Economic Times

ONGC is planning integrated cluster development of oil discoveries in shallow water blocks G-4-6, GS-29, G-4-5 and discoveries in deep-sea block KG-DWN-98/2, he told reporters.  "First oil is expected sometime in mid-2010," he said.  ONGC will follow the same model employed by Reliance Industries for producing oil from in the neighbouring predominantly gas rich KG-DWN-98/3 or KG-D6 block.

More on Hydraulic Cone Crusher Manufacturer

The block sits next to Reliance Industries prolific KG-DWN-98/3 or D6 block.      The reserve estimates and production plan in ONGC's appraisal programme, however, excludes ultra-deepwater UD-1 discovery in KG-DWN-98/2 block.      The UD-1 discovery alone has been certified by DGH to hold just over 2 Trillion cubic feet of inplace gas reserves. Ten discoveries in KG-DWN-98/2 (excluding UD-1) and three in adjacent block together hold 6.37 Tcf of inplace reserves.

Full Story: ONGC to pump in $1 bn in eastern offshore oil finds - Business Standard

Hindu Business Line

Oil & gas companies step up hiring ahead of Nelp-VIII, CBM-IV auctions Economic Times KOLKATA: Oil and gas companies in India are on a hiring spree ahead of the upcoming auctions of a record 70 exploration blocks under the eighth round of New ... NTPC exploring tie-ups with oil PSUs for NELP-VIII bidHindu Business Line all 4 news articles »

Manufacturer of Hydraulic Oil Tanks India

Full Story: Oil & gas companies step up hiring ahead of Nelp-VIII, CBM-IV auctions - Economic Times

After a long weekend, the Sensex opened on a positive note today following subdued global cues. Oil & gas and consumer durables stocks gained, while banking, auto and IT edged lower.

Hydraulic Cone Crusher India :http://www.shaktimining.com/hydraulic-cone-crusher-india.html

On global front, Asian stocks rose after Citigroup raised Samsung Electronics` price estimate and Morgan Stanley lifted its rating on companies that make batteries for electric vehicles. Japanese benchmark index Nikkei 225 fell 73.26 points, or 0.70%, to trade at 10,370.54. Hong Kong`s Hang Seng index climbed 124.34 points, or 0.58%, to trade at 21,597. China`s Shanghai Composite declined 6.57 points, or 0.22% to trade at 2,960.44.(9.59 a.m, IST). European stocks slid led by a sell-off in commodity companies and banks as analysts downgraded copper producers and on speculation Royal Bank of Scotland Group may announce a rights offer. UK`s benchmark index FTSE 100 fell 38.53 points, or 0.74%, to settle at 5,134.36. French benchmark index CAC 40 decreased 15.68 points, or 0.41%, to end 3,812.16. Germany`s benchmark index DAX declined 35.18 points, or 0.62%, to close at 5,668.65.

Full Story: Sensex opens positive; Oil & gas, consumer durables gain - Myiris.com

    TEHRAN, Sept. 21 (Xinhua) -- Managing director of National Iranian Gas Export Company expressed hope on Monday that the gas deal between Iran and Switzerland would be implemented within the next few months, the semi-official Fars news agency reported.

Manufacturer of oil tanks India.

    "The agreement to sell natural gas to Switzerland is among the most important deals... It has been finalized and there only remained some pricing differences which will be resolved within the next few days," Seyed Reza Kassaeizadeh was quoted as saying.     In March 2008, Iran's foreign minister and his Swiss counterpart announced that Tehran and Bern struck the gas contract.

Full Story: Iran eyes launch of gas deal with Switzerland: official - Xinhua

The D-6 fields of Reliance Industries in the Krishna-Godavari (KG) Basin have the potential to produce gas that is over four times the estimated peak output of 80 million cubic metres a day (mmscmd).

Track Mounted Cone Crusher Manufacturer : http://www.shaktimining.com/track-mounted-cone-crusher-manufacturer.html

VK Sibal, director general, directorate-general of hydrocarbons, told Business Standard, "The 50 wells in D-6 were earlier estimated to produce a total of 80 mmscmd gas (at the rate of 1.6 mmscmd per well). However, each well can produce about 6 to 7 mmscmd, so you can estimate the potential.” Sibal said that the government was usually conservative in approving the proven reserves as the exact potential could be ascertained only after actual production starts. Sibal had said earlier that 18 wells had been drilled in the D-1 and D-3 gas fields in the D-6 block, but only eight had been opened, while testing was going on at two wells.

Full Story: RIL's gas output may be 4 times the estimate - Business Standard

Sify

Oil India IPO subscribed 31 times; QIBs bid the most Economic Times “Higher production of oil and gas, going forward, growing accretion to acreage, lower subsidy burden due to soft crude oil prices, high success ratio and ... OIL India IPO opens; should you subscribe?Moneycontrol.com Oil India subscribes over 30 times on closeMyiris.com OIL partners IOC to bid for Iraq blocksEconomic Times Economic Times -Moneycontrol.com -Economic Times all 128 news articles »

diesel tanks India

Full Story: Oil India IPO subscribed 31 times; QIBs bid the most - Economic Times

BAGHDAD, Sept 12 (Reuters) - Iraq's parliament held aninitial discussion on Saturday of a bill that would impose a35-percent income tax on foreign oil and gas firms working inIraq, lawmakers said.

Track Mounted Cone Crusher Manufacturer : http://www.shaktimining.com/track-mounted-cone-crusher-manufacturer.html

"Today we held a first reading of a draft to impose tax onforeign oil companies working in Iraq," Haider al-Ebadi, head ofparliament's economic committee. Ebadi and other lawmakers said the 35 percent tax on oilcompany income, if approved, would cover all types of oil andgas contracts -- exploration, production, processing and otheractivities.

Full Story: Iraqi parliament moves ahead on foreign oil tax - Reuters India

Thaindian.com

Sensex slips in red; oil & gas, realty weigh Economic Times MUMBAI: Indian markets turned negative on Friday as profit booking intensified after the Index of Industrial Production data for the month of July was ... Nifty holds 4800 mark; oil & gas, FMCG, realty downMoneycontrol.com Sensex, Nifty gain on global spurtIndia Infoline.com Nifty consolidates; oil & gas, FMCG, realty declineMoneycontrol.com Moneycontrol.com -India Infoline.com -Moneycontrol.com all 64 news articles »

Mahindra lcv diesel tanks

Full Story: Sensex slips in red; oil & gas, realty weigh - Economic Times

Explorers from Aus, Canada show greater interest in NELP VIII Business Standard PTI / Mumbai September 10, 2009, 17:16 IST India's big oil and gas finds at Barmer and KG basin have attracted many bids from Australian and Canadian ... and more »

Manufacturer of Track Mounted Cone Crusher India

Full Story: Explorers from Aus, Canada show greater interest in NELP VIII - Business Standard

Sept. 9 (Bloomberg) -- Essar Oil Ltd., operator of India’ssecond-largest non-state refiner, may spend $300 million toproduce natural gas from a coal seam block in the eastern stateof West Bengal, which is expected to start output in December.

Manufacturer of Hydraulic Oil Tanks India

The refiner and explorer may borrow $150 million from localbanks over the next three years to finance the project, ShishirAgrawal , chief executive officer of Essar Exploration &Production India Ltd., said by telephone from New Delhi today. “We will generate around $150 million from sales of thegas over the next three years when we will reach a peak,”Agrawal said. “We hope to raise the money by November end.” Essar Oil was among bidders for coal-bed methane fieldswhen they were first auctioned by India in 2001. The South Asiannation, which imports about 75 percent of its energyrequirements, is currently holding talks with potentialexplorers for India’s biggest oil and gas field auction,including 10 coal bed methane blocks.

Full Story: Essar Oil May Spend $300 Million to Produce Coal Gas - Bloomberg

Indian Express

Nifty closes flat; oil & gas, banks gain Economic Times MUMBAI: Indian markets ended almost flat on Wednesday due to lack of triggers from global markets and as traders chose to stay on sidelines after a sharp ... RIL helps Sensex to stay afloatNDTV.com Sensex near days highIndia Infoline.com Sensex rangebound; oil & gas,metals upEconomic Times Economic Times -NDTV.com -NDTV.com all 323 news articles »

Rock Crusher Manufacturer : http://www.shaktimining.com/rock-crusher-manufacturer.html

Full Story: Nifty closes flat; oil & gas, banks gain - Economic Times

Essar Oil, one of the three operators which have discovered coal-gas in India, expects to become the second commercial producer of coal-gas in India in December. The company, whose Raniganj coal block holds around 30% of the total proven coal-gas reserves in the country, will submit a development plan to the government next month for drilling 500 wells over the next five years, Essar Energy's CEO SR Agrawal said.

Manufacturer of oil tanks India.

Essar's oil exploration is carried out by group firm Essar Exploration and Production (EEPIL), a 100% subsidiary of Essar Energy which is also the promoter of Essar Oil. Out of the total of around 250 trillion cubic feet (tcf) of natural gas in the country, as much as 45 tcf is expected to lie trapped in coal deposits. So far, three companies -- Reliance Industries (RIL), YK Modi's Great Eastern Energy and Essar Oil -- have ascertained a total of around 8 tcf of commercially recoverable methane gas in the country.

Full Story: Essar Oil to pump coal-gas from December - Daily News & Analysis

Sushil Finance has come out with its research report on Oil India's initial public offering (IPO). Oil India's initial public offering of 26,449,982 shares has opened for subscription. The issue will close on September 10, 2009. The price band has been fixed at Rs 950-1,050. The research firm has recommended investors to subscribe to the issue.

More on Truck Mounted Crane Manufacture

We believe OIL is very well poised to grow rapidly in the high potential high growth Oil & Gas Exploration & Production business. The opportunity is enormous considering that it has been working on the strategy of vertical integration to have a diversified business portfolio through selective presence in the oil and gas value chain covering amongst others refining, gas monetization through cracker/power generation, ventures for gas pipelines & city gas networks and extension of existing business of pipeline services and E&P services as a service provider. We have given a rating of “A” and recommend our investors to subscribe to the issue. The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Full Story: Subscribe to Oil India IPO: Sushil Finance - Moneycontrol.com

Rediff

Sensex turns choppy; metals, oil & gas up Economic Times MUMBAI: Indian equities were moving in a narrow range Wednesday after the Asian markets turned weak. Traders were seen taking positions in metals and ... RIL helps Sensex extend gainsNDTV.com Nifty hits new 2009 high…above 4830India Infoline.com Sensex trades firm; Sterlite soarsMyiris.com TopNews -NDTV.com -India Infoline.com all 265 news articles »

three wheeler fuel tanks

Full Story: Sensex turns choppy; metals, oil & gas up - Economic Times

GE Oil & Gas, a world leading company in oil & gas advanced technology equipment and services, has today announced that it has been awarded a contract to provide Esso Exploration Angola (Block 15) Ltd. (EEAL), a subsidiary of Exxon Mobil Corporation, with subsea production equipment for Kizomba Satellites, a new deepwater oil production project off the coast of West Africa.

More on Knuckle Boom Crane

Under the terms of the contract, GE will supply a range of subsea equipment, including the latest deepwater tree connectors, to drive oil production at the Kizomba Satellites development, located in Block 15 in the southeastern Atlantic Ocean. In line with GE’s localization strategy, a high proportion of equipment will be produced and assembled in Angola where GE Oil & Gas has significantly invested in a local manufacturing and services facility, a local learning center and corporate offices located at Luanda, Angola.

Full Story: GE Oil & Gas Wins ExxonMobil Contract to Provide Subsea Production ... - Prdomain Business Register (press release)

SamayLive

OIL partners IOC to bid for Iraq blocks Economic Times OIL sells its gas at around $2 per million metric British thermal unit (mmBtu), compared with recently discovered market price of $4.2 per mmBtu. Bulls chase oil marketing firms after Oil India road showBusiness Standard See Oil India's FY10 EPS at Rs 107-109: AntiqueMoneycontrol.com "Subscribe at the higher band" to the Oil India: Reliance MoneyEconomic Times Economic Times -Economic Times -Economic Times all 75 news articles »

Mahindra trucks diesel tanks

Full Story: OIL partners IOC to bid for Iraq blocks - Economic Times

NEW YORK -(Dow Jones)- The number of rigs drilling for oil and natural gas inthe U.S. rose this week as producers ramped up activity.

Track Mounted Cone Crusher India : http://www.shaktimining.com/track-mounted-cone-crusher-india.html

The number of oil and gas rigs climbed to 1,009, up 10 from the previous week,according to rig data from oil-field services company Baker Hughes Inc. (BHI).The number of gas rigs was 701, an increase of two rigs from last week, whilethe oil rig count rose to 295, an increase of nine rigs. The number ofmiscellaneous rigs fell by one, to 13 rigs.

Full Story: Baker Hughes: US Oil, Gas Rig Count Up 10 To 1009 This Week - CNNMoney.com

Rediff

Govt plans to raise APM gas price by 44 pc Economic Times The draft note proposes raising gas price for ONGC to Rs 3765 per thousand cubic meters from current Rs 3200 per thousand cubic metre. For OIL, the gas ... Subscribe to Oil India IPO: Brokerages' unanimous viewMoneycontrol.com Oil & Gas: Commodities that fuel India's growhCommodity Online Oil India IPO To Hit Market On Sep 7: Nirmal BangTopNews Bloomberg -Economic Times -Bloomberg all 39 news articles »

Manufacturer of Hydraulic Oil Tanks India

Full Story: Govt plans to raise APM gas price by 44 pc - Economic Times

Bangalore: Private shipbuilder Pipavav Shipyard Ltd, co-promoted by engineering firm Punj Lloyd Ltd, will focus on building ships for the defence and oil and gas sectors, a top executive said.

Mobile Crane india : Mobile Crane india

The shipbuilding firm, India’s newest in the private sector, is looking to tap into a portion of the big projects lined up by the Indian Navy, estimated to be worth Rs50,000 crore to be spent in the next 15-20 years. “Going forward, we will position ourselves as a builder of defence vessels and ships used to support oil and gas exploration activities along the coast,” Bhavesh Gandhi, vice-chairman of Pipavav Shipyard, said Mint over the phone from Mumbai.

Full Story: Pipavav Shipyard to focus on defence,... - Livemint