App Watch: Fare/Share Helps New Yorkers Split Cabs
A startup called Fare/Share has unveiled an iPhone and Web app that helps New York City taxi riders connect with other people in close proximity who want to share a cab.
Fitch: Deepwater drilling suspension to jolt rig owners
May 31,2010 –
Rig owners face financial jolts and business adjustments after the shutdown of deepwater drilling in response to the Apr. 20 Transocean Deepwater Horizon tragedy and continuing oil spill.
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Shanghai Electric begins work on $1bn Iraq power project
Iraq’s ministry of electricity has said that China’s Shanghai Electric is moving ahead with a $1bn power-generating plant to boost the country’s electricity capacity by 1,320 megawatts, Reuters has reported. The project, which includes purchasing and installing four steam turbines, each with a capacity of 330 MW, will provide Iraq with a big power increase over the next four years. Work to install those units started earlier this month and the first unit is expected to operate after three years.
Iran’s Revolutionary Guard wins South Pars gas contracts
Iran has awarded a local consortium contracts for two gas development projects and negotiations are under way to finalise a further three key deals, the Associated Press has reported. The country’s Mehr news agency quoted Ali Vakili, director of the state-owned Pars Oil and Gas, as saying that Khatam-ol-Anbia will develop phases 13 and 14 of the giant South Pars Gas Field in the Persian Gulf. Talks are currently under way to finalise the awarding of phases 22, 23 and 24 of the South Pars field to Khatam-ol-Anbia, which is considered the most important financial unit of the Revolutionary Guard.
St. Mary approves name change to SM Energy
May 30,2010 –
St. Mary Land & Exploration Co., Denver, approved the proposal to change the name of the company to SM Energy Co.
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GDF Suez consortium to develop power projects in Oman
A consortium led by French-based energy giant GDF Suez has won a government contract to build two 744MW gas-fired power projects at a combined estimated cost of OR700m ($1.8bn) in Oman, the Oman Daily Observer has reported. The new projects, which are known as Barka III and Sohar II, are scheduled to be fully commissioned by 2013, although around 800MW of power will be available by 2012.
BP says "top kill" fails to stop flow from leaking gulf well
May 29,2010 –
BP PLC said May 29 that the “top kill” operation failed to stop the flow of oil and gas from the runaway Macondo deepwater well in the Gulf of Mexico off Louisiana, and oil spill response crews next will work to install a new collec…….
US drilling continues to climb
May 29,2010 –
US drilling activity continued to increase, up by 17 rotary rigs to 1,535 drilling this week, compared with only 899 working in the comparable period a year ago, Baker Hughes Inc. reported.
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Study: Houston refineries vulnerable to moderate hurricane
May 29,2010 –
A moderately powerful hurricane could cripple Houston’s refineries and petrochemical industry, said a report from experts at several Texas universities.
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Jordan mulls restoring fuel supply monopoly
Jordanian energy minister, Khalid Irani has said the kingdom is studying whether to restore fuel-supply monopoly status to Jordan Petroleum Refinery Co in order to attract investments needed for its expansion, Bloomberg has reported. The country’s only refinery plans to expand production capacity to as much as 140,000 barrels a day, from 100,000 barrels now, he said. Its 50-year monopoly on fuel supply to the market expired in 2008.
