Malaysia’s UMW Oil & Gas has reported a drop in revenue and profit for the first quarter 2013. The company’s revenue of RM178.7 million was RM97.3 million or 35.3% lower than RM276.0 million recorded in the previous corresponding quarter. The profit declined by RM19.6 million or 45.5% from RM43.1 million to RM23.5 million. The lower revenue [...]
Deep Sea Supply reports consolidated revenues of MUSD 38.7 in 1Q 2013 compared to MUSD 21.4 in 1Q 2012. Total operating expenses in 1Q 2013 were MUSD 23.3 compared to MUSD 17.7 in 1Q 2012. This resulted in EBITDA of MUSD 16.7 in 1Q 2013, compared to MUSD 4.9 in 1Q 2012. Following financial expenses [...]
The “Fault Margin” appraisal well in PL 265 on the Johan Sverdrup discovery, in the Norwegian part of the North Sea, is in the process of being completed. “Det norske oljeselskap ASA is of the opinion that the well results are very good. The result removes any uncertainty related to the reservoir quality in the [...]
Spanish national oil company Repsol posted net income of 631 million euros in the first quarter of 2013, a rise of 1.6% from the year-earlier period at current cost of supply. Calculated based on MIFO criteria, net income was 634 million euros. The improved results are based on a strong performance from all of the [...]
Norwegian oil company Det norske oljeselskap ASA today announced that it had a satisfactory first quarter despite recording a net loss of NOK 20 million. The discovery in licence 502 confirmed that the Johan Sverdrup field extends into this licence. The discovery in licence 457 (Asha) is an extension of the Ivar Aasen field, and [...]
Norway’s Ulstein Group today reported an operating income for 2012 of NOK 2.27 billion and an operating profit of NOK 228 million. “We deliver a good result in a demanding market thanks to our competent and hardworking employees and an organisation that provide for execution and delivery precision. The good collaboration we have with our [...]
Lankhorst Ropes Offshore Division is announcing the latest results of offshore trials of its Lankofirst synthetic fibre rope mooring connector on booth 1517 at OTC 2013. The trials have shown a significant reduction in mooring line deployment times and improvements in health and safety using the Lankofirst connector, compared with traditional mooring line plate links [...]
April 24, 2013 | Posted in
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Halliburton announced today that income from continuing operations for the first quarter of 2013 was $624 million, or $0.67 per diluted share, excluding a $637 million charge, after-tax, or $0.68 per diluted share, to increase a reserve related to the Macondo litigation. Income from continuing operations for the first quarter of 2012 was $826 million, [...]
Bowleven, the Africa focused oil and gas exploration group traded on AIM,has announced the preliminary results of the first test at the IM-5 appraisal/development well drilling offshore Cameroon. A Drill Stem Test (DST) was performed on the Middle Isongo interval and preparations are now underway to test the Intra Isongo interval. Highlights – Middle Isongo [...]
Niko Resources has announced that the Cikar-1 exploration well, located in the West Papua IV block in eastern Indonesia, has been drilled to a depth of 14,431 feet and temporarily suspended after encouraging initial results. The company said that the suspension would allow Niko to return to the well for future deepening and testing. Located in a [...]
