Top Stories Transocean Partners prices IPO units at $22

Transocean Partners prices IPO units at $22

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., announced today the pricing of its initial public offering of 17,500,000 common units representing limited liability company interests at $22.00 per unit....

July 31 2014 / Read More »
Ensco swings to loss

Ensco swings to loss

Ensco plc has reported a loss of $5.07 per diluted share in the second quarter 2014 compared to earnings of $1.55 per diluted share in the second quarter 2013. The loss from discontinued operations for second...

July 31 2014 / Read More »
Eni, KOGAS to drill for gas in Cyprus

Eni, KOGAS to drill for gas in Cyprus

The Government of the Republic of Cyprus and representatives of the JV Eni/KOGAS have signed a Memorandum of Understanding. This preliminary agreement is aimed at investigating areas of cooperation related to Cyprus potential gas resources...

July 31 2014 / Read More »
ConocoPhillips adjusted 2Q earnings up on higher oil prices

ConocoPhillips adjusted 2Q earnings up on higher oil prices

ConocoPhillips today reported second-quarter 2014 earnings of $2.1 billion, or $1.67 per share, compared with second-quarter 2013 earnings of $2.1 billion, or $1.65 per share. Excluding special items, second-quarter 2014 adjusted earnings were $2.0 billion,...

July 31 2014 / Read More »
BG Group to explore for oil offshore Aruba

BG Group to explore for oil offshore Aruba

BG Group, a UK-based exploration and production company will search for oil and gas in the Carribean Sea, off the coast of Aruba. In its quarterly report, BG has revealed today that the company in June...

July 31 2014 / Read More »
Noble Corp. reports increase in 2Q income

Noble Corp. reports increase in 2Q income

Drilling contractor Noble Corporation plc has reported second quarter 2014 net income of $235 million, or $0.91 per diluted share, compared to $177 million, or $0.69 per diluted share in 2Q 2013. Revenues for the second quarter...

July 31 2014 / Read More »
BG CEO: Good set of results in 2Q

BG CEO: Good set of results in 2Q

Britain’s BG Group today reported its 2Q 2014 revenue and other operating income increased 26% to $5 501 million. Total earnings for the second quarter of 2014 were $1 367 million (40.1 cents per share)...

July 31 2014 / Read More »
Jack-up rig ‘Energy Endeavour’ to drill for Rosneft

Jack-up rig ‘Energy Endeavour’ to drill for Rosneft

Northern Offshore, Ltd.  has announced that the company has finalized a 2 ½ year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jack-up drilling rig Energy Endeavour....

July 31 2014 / Read More »
Headlines

Indian oil firms eyeing Murphy’s assets in Malaysia

India's oil firms ONGC and Oil India have reportedly interested to buy a stake in Murphy Oil's assets in Malaysia....

Jul 31 2014 / Read More »

Exxon 2Q profit jumps 28% to $8.8 billion

Exxon Mobil today reported its 2Q 2014 earnings of $8,780 million, an increase of $1,920 million or 28 percent from the second quarter of...

Jul 31 2014 / Read More »

Afren suspends CEO and COO

Afren plc  announces that the Board has temporarily suspended the CEO, Osman Shahenshah and the COO, Shahid Ullah. “In the course of an independent...

Jul 31 2014 / Read More »

Eni discovers gas and condensate offshore Gabon

Italy’s oil company Eni has made a gas and condensate discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 kilometers from...

Jul 31 2014 / Read More »

NADL sends rig fleet to Russian waters in $4B deal

North Atlantic Drilling Ltd. has announced that 6 binding offshore contracts have been executed with Rosneft Oil Company (“Rosneft”). The total revenue potential for the...

Jul 31 2014 / Read More »

Shell adjusted 2Q earnings rise 33% to $6.1B

Royal Dutch Shell’s second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the...

Jul 31 2014 / Read More »

ConocoPhillips completes Nigeria business sale

ConocoPhillips has announced it has completed the transaction with Oando Energy Resources (OER), a subsidiary of Oando PLC, for the sale of its Nigeria...

Jul 30 2014 / Read More »

COSCO delivers jack-up to ICBC

China's COSCO Nantong shipyard has delivered a jack-up rig to its Asian buyer....

Jul 30 2014 / Read More »

EU to ban export of oil exploration technology to Russia

The European Union Council’s Committee of Permanent Representatives (Coreper) yesterday reached agreement on EU restrictive measures in view of Russia’s actions destabilising the situation in...

Jul 30 2014 / Read More »

Want to work in Oil & Gas industry? Here’s how.

Looking for a long-term career in an expanding and exciting sector? The oil and gas business is the place to be right now...

Jul 29 2014 / Read More »




Also in the News

Shell names Projects & Technology Director

Shell names Projects & Technology Director

Royal Dutch Shell plc has announced the appointment of Harry Brekelmans as Projects & Technology Director with effect from October 1, 2014. In his new role, Brekelmans will become a member of the Executive Committee and will take over from Matthias Bichsel who will be leaving...

Jul 31 2014 / Read More »

Honeywell to upgrade Molikpaq platform

Honeywell to upgrade Molikpaq platform

Honeywell Process Solutions has announced it will upgrade process control and alarm management systems at the Molikpaq platform on the Sakhalin shelf, Russia, to improve safety, reliability and operational efficiency. The Molikpaq platform, owned by Sakhalin Energy Investment Co. Ltd., celebrated its 15-year anniversary in...

Jul 31 2014 / Read More »

Circle Oil: Mechanical problems cause no delay off Tunisia

Circle Oil: Mechanical problems cause no delay off Tunisia

Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, provides the following update on the EMD-1 exploration well, offshore Tunisia. The well was spud on 8 June 2014 and drilled to 753 metres MD after which the...

Jul 31 2014 / Read More »

Oil gathering pipeline connected to Lucius spar

Oil gathering pipeline connected to Lucius spar

Enterprise Products Partners L.P. and Genesis Energy, L.P. have announced that their jointly owned crude oil gathering pipeline serving the Lucius production area in southern Keathley Canyon in the Gulf of Mexico is now mechanically complete and began earning revenues July 1, 2014. Constructed and owned by...

Jul 31 2014 / Read More »

Chart receives Golar FLNG equipment order

Chart receives Golar FLNG equipment order

Chart Industries, Inc. today announced that Black & Veatch has awarded its wholly-owned subsidiary, Chart Energy & Chemicals, Inc., a contract in excess of $20 million for the supply of brazed aluminum heat exchangers (BAHX) and cold boxes for the recently announced Golar LNG Limited...

Jul 31 2014 / Read More »

OPITO offers offshore helicopter safety training in GoM region

OPITO offers offshore helicopter safety training in GoM region

With 2.3 million passengers travelling to work on offshore installations by helicopter in the Gulf of Mexico every year, OPITO is making sure every worker has the necessary training to get to work and return home safely every trip. The oil and gas industry’s training...

Jul 31 2014 / Read More »

Atlantic Offshore takes delivery of ERRV Ocean Marlin

Atlantic Offshore takes delivery of ERRV Ocean Marlin

Atlantic Offshore has reported that Ocean Marlin Emergency Response & Rescue Vessel has been delivered from Zamakona yard in San Sebastian, Spain....

Jul 31 2014 / Read More »

BOEM extends comment period for 2017-2022 OCS O&G Leasing Program

BOEM extends comment period for 2017-2022 OCS O&G Leasing Program

The Bureau of Ocean Energy Management (BOEM) has announced that it is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the 2017-2022 Leasing Program. The RFI was released in mid-June as the initial step in the...

Jul 31 2014 / Read More »

New contract extension for Safe Hibernia in Mexico

New contract extension for Safe Hibernia in Mexico

Mexico’s Cotemar  has awarded a contract extension for the Safe Hibernia accommodation rig through to 23 December 2014 with unchanged day rate. The contract value of the extension is USD 7.9 million. The rig provides accommodation services to Mexico’s state-run oil company, PEMEX. The Safe Hibernia, owned by...

Jul 31 2014 / Read More »
Popular articles

Eni discovers gas and condensate offshore Gabon

Eni discovers gas and condensate offshore Gabon

Italy’s oil company Eni has made a gas and condensate discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 kilometers from the coast of Gabon and 50 kilometers from the capital city Libreville. Preliminary estimates suggest the new gas discovery is significant,...

Jul 31 2014 / Read More »

EU to ban export of oil exploration technology to Russia

EU to ban export of oil exploration technology to Russia

The European Union Council’s Committee of Permanent Representatives (Coreper) yesterday reached agreement on EU restrictive measures in view of Russia’s actions destabilising the situation in eastern Ukraine. In order to restrict Russia’s access to EU capital markets, EU nationals and companies may no more buy or...

Jul 30 2014 / Read More »

Want to work in Oil & Gas industry? Here’s how.

Want to work in Oil & Gas industry? Here’s how.

Looking for a long-term career in an expanding and exciting sector? The oil and gas business is the place to be right now and for the future....

Jul 29 2014 / Read More »

Saipem bags $540 M in offshore contracts

Saipem bags $540 M in offshore contracts

Italy’s Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet. Saipem has signed with Eni Muara...

Jul 29 2014 / Read More »

Statoil Installs Valemon

Statoil Installs Valemon

On Monday 28 July the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea. Produced by Samsung Heavy Industries this is the first Statoil topsides built in South Korea. The structure sailed from the yard on 15...

Jul 28 2014 / Read More »

KBR nets major contract with HHI for Al-Nasr project

KBR nets major contract with HHI for Al-Nasr project

KBR Inc. has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design services for the Abu Dhabi Marine Operating Company Al-Nasr Full Field Development project, located offshore Abu Dhabi. Under the terms of the contract, KBR will provide engineering...

Jul 28 2014 / Read More »
LB
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams