Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries, reported net income of $99.9 million, or $0.40 per diluted share, for the quarter ended December 31, 2011, compared with net income in the prior year’s fourth quarter of $164.6 million, or $0.66 per diluted share. The [...]
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Buccaneer Energy Limited has executed a Purchase and Sale Agreement for the acquisition of the two main productive leases in the former Cosmopolitan Unit (“Cosmo”) from Pioneer Natural Resources Alaska, Inc. Cosmo is an undeveloped oil and gas field located in 50 feet of water in the Cook Inlet of Alaska and is in close [...]
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McDermott International has signed a 10-year frame agreement for spool base services in the Gulf of Mexico with Helix Subsea Construction, Inc. “This agreement allows McDermott, when contracting with Helix, to offer full-service, shore-based pipeline stalking and spooling services from Helix’s premier 120-acre Gulf of Mexico spool base at Ingleside, Texas, to pursue deepwater and [...]
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Deep Down, Inc. , an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has been awarded multiple contracts for subsea hardware and deployment equipment orders worth in excess of $2.6 million. Two orders were placed by a major controls OEM and the third order placed [...]
ExxonMobil, an American multinational oil and gas corporation and one of the largest companies in the world by market value, today announced earnings of $9,400 million for the 4th quarter 2011, an increase of 2% or $150 million from the fourth quarter of 2010. Upstream earnings were $8,829 million, up $1,349 million from the fourth [...]
Teledyne Oil & Gas group has been awarded a three year global frame agreement with FMC Technologies, Inc. to supply a wide portfolio of interconnect and sensing products and services in support of FMC’s offshore oil & gas business. Interconnect products from Teledyne ODI and Teledyne D.G. O’Brien are included, as well as corrosion, erosion [...]
Cal Dive International, Inc. announced today that it has been awarded a Field Abandonment and Decommissioning Contract from an operator in the Gulf of Mexico which includes the abandonment of sixteen wells, seven pipelines, and the removal of eight structures. The contract is expected to generate total revenue of approximately $25 million and will utilize [...]
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ProSep Inc., a Montreal based company, dedicated to providing process solutions to the oil and gas industry, today announced it was awarded a contract valued at approximately $13 million for the design and supply of a seawater treatment and water injection system for installation on a floating production system that will operate in a deepwater [...]
January 30, 2012 | Posted in
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Chevron Corporation today reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter. Full-year 2011 earnings were $26.9 billion ($13.44 per share – diluted), up 41 percent from $19.0 billion ($9.48 per share – diluted) earned [...]
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Leni Gas & Oil plc today announces the imminent arrival of the Ocean Columbia jack-up rig at the Eugene Island Field in the US Gulf of Mexico. As previously announced in December 2011 the Company has approved additional drilling at the Eugene Island-184 leases operated by Marlin Energy LLC (“Marlin”) where LGO holds a 7.25% [...]
