Mitt Romney Benefited From Offshoring Tax Break In 2001 While Listed As Bain CEO Huffington Post | Bain Capital appears to have benefited from a provision in the U.S. tax code that grants companies tax breaks for costs associated with offshoring American jobs. Bain profited from the closure of a Denver factory in early 2001, when SEC filings lis...
Study touts benefits of lifting ban on offshore drilling Canada Dot Com | A new study says lifting the moratorium on offshore oil drilling in B.C. would yield economic benefits that outweigh the environmental risks, but several environmental groups think otherwise. | The study, released Monday by the Fraser Institute, ex...
Govt to support development of offshore plants Daily Yomiuri | The government plans to promote the growth of domestically produced offshore plants--which will be made from converted tankers--for refining and storing natural gas and crude oil at sea, in the hope of developing resources in the nation's exclusive...
OGX returns oil rig to Diamond Offshore as it works to cut costs Reuters | * Returned drill-rig cost OGX $260,000 a day | * OGX still leasing three Diamond Offshore rigs | * Remaining rigs rent for $261,000 to $301,000/day | RIO DE JANEIRO, Oct 18 (Reuters) - OGX Petroleo e Gas SA returned one of four rigs leased from U.S...
Suriname signs deal with Apache for offshore oil block Reuters | * Investment seen at $230 million | * Apache to drill at least two wells | By Ank Kuipers | PARAMARIBO, Oct 18 (Reuters) - Suriname's state oil company Staatsolie signed a production sharing agreement with Apache Corp of the United States on Thursd...
Diamond Offshore Declares Special Cash Dividend of $0.75 per Share Seeking Alpha | Also Declares Regular Cash Dividend of $0.125 per Share | HOUSTON--(BUSINESS WIRE)-- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a...
Third Firm Suspends Helicopter Use After Crash Skynews | A third offshore helicopter operator has suspended its use of the aircraft which ditched in the North Sea with 19 people on board. | The oil workers and crew were safely rescued when the pilot of the EC225 Super Puma was forced to land off Shetland...
Rosneft deal shows power shift in oil industry Deutsche Welle BP has quit its Russian joint venture to become a major shareholder in Rosneft, the Russian state oil company. The deal holds advantages for both partners - but also has its risks. | It appears to be what management consultants call a "win-win" situa...
Princess Anne unveils Fleetwood Nautical College redevelopment BBC News An £8.2m redevelopment of the Nautical College in Fleetwood has been officially unveiled by Princess Anne. | The college, set up in 1892, provides specialist training for the merchant navy and offshore energy industry up to degree level. | The redev...
Russia’s Arctic Rush ‘Potential Gravy Train’ – Analysis Novosti | It is cheaper to send a rocket into space than to drill a single oil well in the Arctic Sea. | One Proton rocket launch costs from $80 million to $100 million, while offshore oil wells in the Arctic come in at $100 million to $150 million apiece &n...;
