Genesis Energy, L.P. announced yesterday that it has entered into definitive agreements to acquire from Marathon Oil Company interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in Poseidon Oil Pipeline Company, L.L.C., its 29% interest in Odyssey Pipeline L.L.C., and its 23% interest in the Eugene Island Pipeline System. [...]
Kea Petroleum plc announced that the New Zealand Minister of Energy has given his formal approval, under the Crown Minerals Act 1991, to the acquisition by the Group’s wholly owned subsidiary, Kea Oil and Gas Limited, of a 100% interest in Petroleum Exploration Permit PEP 381204 from Genesis Power Limited, a wholly owned subsidiary of [...]
TGS announced today the early termination of a 2D vessel charter for the M/V Northern Genesis. This five year charter began in March 2007 and was previously due to expire in March 2012. Under current market conditions it is possible to charter more suitable 2D vessel capacity resulting in increased flexibility and significantly lower operating [...]
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