Search results for: Freeport-McMoRan

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  • 28 January 2016
    Exploration & Production

    Freeport-McMoRan’s oil and gas division, FM O&G, has decided to idle three drillships in the Gulf of Mexico in order to cut costs.  Freeport-McMoRan announced in December it would be reducing its rig utilization from three deepwater Gulf of Mexico drillships to one drillship. As the company continues to manage oil and gas costs and capital […]

  • 24 February 2014
    Equipment

    The Bureau of Safety and Environmental Enforcement (BSEE) completed an unannounced oil spill response exercise involving Freeport McMoRan Oil & Gas. The exercise occurred in BSEE’s Gulf of Mexico Region and included the deployment of response equipment under contract to Freeport-McMoRan. The purpose of BSEE’s spill exercises is to determine if an operator can effectively […]

  • 24 May 2016
    Exploration & Production

    Following an early termination of contracts for two Noble Corporation’s drillship, oil company Freeport-McMoRan Oil & Gas has decided to cancel another drillship deal, this time with the offshore drilling contractor Rowan Companies.  Rowan Companies on Monday announced an agreement with its customer, Freeport-McMoRan Oil & Gas (FMOG), and FMOG’s parent company, Freeport-McMoRan, in connection with […]

  • 24 February 2014
    Operations & Maintenance

    The Bureau of Safety and Environmental Enforcement (BSEE) completed an unannounced oil spill response exercise involving Freeport McMoRan Oil & Gas. The exercise occurred in BSEE’s Gulf of Mexico Region and included the deployment of response equipment under contract to Freeport-McMoRan. The purpose of BSEE’s spill exercises is to determine if an operator can effectively […]

  • 27 March 2014
    Business & Finance, Equipment, Project & Tenders

    Cameron has received an order from Freeport-McMoRan Oil & Gas to supply a 25,000 psi blowout preventer stack and 25,000 psi manifold. Cameron delivered the industry’s first and only 13-5/8″ 25,000 psi blowout preventer to Freeport-McMoRan in 2011. After successful and extensive use in the Gulf of Mexico, Freeport-McMoRan has decided to place this second […]

  • 27 March 2014
    Business & Finance, Equipment

    Cameron announced today that it has received an order from Freeport-McMoRan Oil & Gas to supply a 25,000 psi blowout preventer stack and 25,000 psi manifold. Cameron delivered the industry’s first and only 13-5/8″ 25,000 psi blowout preventer to Freeport-McMoRan in 2011. After successful and extensive use in the Gulf of Mexico, Freeport-McMoRan has decided […]

  • 6 October 2015
    Business & Finance

    Freeport-McMoRan Inc. has reduced the size of its Board from sixteen to nine members and is undertaking a review of strategic alternatives for its oil and gas business. According to Freeport-McMoRan, its reconstituted nine-membered Board is comprised of seven independent and two executive directors. The independent directors are: Gerald J. Ford (Lead Independent Director), Robert A. […]

  • 6 April 2016
    Business & Finance

    US-based mining company Freeport-McMoRan has restructured its subsidiary Freeport-McMoRan Oil & Gas (FM O&G) with the aim of reducing costs and aligning with debt reduction initiatives of FCX’s global business.  FM O&G is being restructured as an operating division of FCX and, as a result of this restructuring, the FM O&G executive management team is leaving the company. […]

  • 16 June 2014
    Business & Finance

    Subsea 7 S.A. has been awarded a contract in the U.S. Gulf of Mexico by Freeport-McMoRan Oil & Gas in support of its  development of the KOQV and Holstein Deep fields. The contract value is in excess of $50 million. The scope of work covers the installation of flexible pipelines and umbilicals for both fields, […]

  • 16 June 2014
    Business & Finance, Project & Tenders

    Subsea 7 S.A. has been awarded a contract in the U.S. Gulf of Mexico by Freeport-McMoRan Oil & Gas in support of its development of the KOQV and Holstein Deep fields. The contract value is in excess of $50 million. The scope of work covers the installation of flexible pipelines and umbilicals for both fields, […]

  • 16 June 2014
    Business & Finance

    Subsea 7 S.A has received a contract from Freeport-McMoRan Oil & Gas to support its development of the KOQV and Holstein Deep fields in the U.S. Gulf of Mexico. The contract value is worth up to USD 50 million. The scope of the work covers the installation of flexible pipelines and umbilicals for both fields, […]

  • 10 May 2016

    Offshore driller Noble Corporation will see drilling rig contracts it has with Freeport-McMoRan terminated earlier than planned, however for a fee of half a billion U.S. dollars. The company on Tuesday said it reached a deal with Freeport-McMoRan in connection with the drilling contracts for the drillships Noble Sam Croft and Noble Tom Madden, which were […]

  • 11 August 2015
    Exploration & Production

    U.S. operator Freeport-McMoRan Oil & Gas has failed to find oil at the MZ-1 exploration well, offshore Morocco. According to the company’s partner in the Mazagan permit, Pura Vida Energy, the MZ-1 exploration well offshore Morocco has drilled through the three prognosed Jurassic fans and the well has reached a final depth of 6,150 metres, […]

  • 23 June 2016
    Exploration & Production

    Offshore driller Noble Corporation has now received the full settlement value of $540 million from Freeport-McMoRan regarding previously announced settlement and termination of drilling contract for two drilling rigs. Noble received $540 million in cash through the receipt of Freeport shares, which were immediately resold by Noble under a previously disclosed distribution agreement. With the […]

  • 2 July 2014
    Business & Finance, Operations & Maintenance

    Freeport-McMoRan Copper & Gold Inc. announced that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has completed the previously announced acquisition of certain of Apache Corporation’s (Apache) interests in the Deepwater Gulf of Mexico (GOM). Following the exercise of preferential purchase rights by other working interest owners in the Lucius project, FM O&G acquired for $919 […]

  • 29 July 2014
    Business & Finance

    Freeport-McMoRan Inc. has disclosed that its Indonesian subsidiary PT Freeport Indonesia (PT-FI) received approval from the Government of Indonesia to resume exports of copper concentrates. PT-FI will resume full operations immediately and concentrate exports are expected to commence in August 2014.   PT-FI has entered into a Memorandum of Understanding (MOU) with the Government of Indonesia […]

  • 9 June 2014
    Business & Finance

    Rowan Companies plc announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan’s current construction program. The contract is with Freeport-McMoRan Oil & Gas LLC (“FM O&G”), a subsidiary of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), for operations in the […]

  • 9 December 2015
    Exploration & Production

    Freeport-McMoRan Oil & Gas has decided to further reduce costs for its oil and gas capital spending plans as a response to market conditions. The company previously reported it was deferring investments in several long-term projects in response to oil and gas market conditions. Following an ongoing review, capital expenditures for 2016 and 2017 have been reduced […]

  • 4 August 2017

    Independent oil and gas company Cox Oil Offshore, has bought certain interests in the U.S. Gulf of Mexico from Freeport-McMoRan. The transaction includes Freeport’s interests in the Flatrock and Hurricane areas of the OCS-310 “Tiger Shoal” lease. In addition to normal pressured wells, Cox said it looked forward to further exploit high pressure, high temperature […]

  • 9 June 2014
    Business & Finance

    Rowan Companies Plc. through one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan’s current construction program. The contract is with Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., for operations in the U.S. Gulf of Mexico. The contract […]

  • 6 August 2013

    The American Public Gas Association (APGA) filed a motion to intervene in opposition to an application by Freeport-McMoRan Energy, LLC to export approximately 3.22 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) to non-free trade agreement (FTA) countries from the planned Main Pass Energy Hub Deepwater Port, which will be located off the coast of Louisiana. […]

  • 9 June 2014
    Business & Finance, Project & Tenders

    Rowan Companies plc announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan’s current construction program.  The contract is with Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., for operations in the U.S. Gulf of Mexico. The […]