Fossil Energy
ExxonMobil’s 1Q earnings drop to $2.4B
Exxon’s 1Q earnings drop 49 percent versus the prior year’s 1Q earnings of $4,65 billion.
Chevron earnings hit by lower oil prices
Capital and exploratory expenditures in the first three months of 2019 were $4.7 billion, compared with $4.4 billion in the corresponding 2018 period.
Total profit falls despite output growth
French oil and gas company Total recorded a 4 percent decrease in first quarter profit while its production grew by 9 percent.
U.S. Interior Secretary says offshore drilling plan on hold amid court setback
The U.S Interior Secretary David Bernhard is reportedly pulling breaks on the Trump administration’s offshore drilling plan to open up almost all of the offshore continental shelf for oil and gas exploration and production.
Anadarko finalizing further gas offtake deals for Mozambique LNG project
U.S. oil and gas company Anadarko is in talks to finalize further gas sales deals from its soon to be sanctioned Mozambique LNG project, aimed at developing offshore gas fields in the Offshore Area 1.
TechnipFMC profit dips but orders grow
Oilfield services provider TechnipFMC recorded a decrease in quarterly profit and revenues but saw an increase in orders.
Equinor plugs North Sea duster
Norway’s Equinor has drilled another dry well with the Transocean Spitsbergen rig in the North Sea, offshore Norway.
Hess on Guyana: First Liza FPSO almost complete. Two more FIDs expected in 2019
As the first FPSO destined for the development of Guyana’s recently discovered oil riches is expected to set sail from Singapore, Exxon is preparing to sanction two more developments this year.
Aker BP profit slips on lower sales volume and prices
Norwegian oil and gas company Aker BP saw a decrease in its quarterly profit and revenues due to a combination of factors including lower sales volume and prices and higher costs. According to Aker BP’s financial statements published on Friday, the company’s total income in 1Q 2019 was $836 million
U.S. Gulf of Mexico states get $215M in offshore oil money
U.S. Gulf of Mexico oil-producing states Alabama, Texas, Mississippi, and Louisiana will receive $215 million in 2018 offshore energy revenues, disbursed by the Department of the Interior.
EnscoRowan takes delivery of new jack-up rig from Keppel
Singapore’s rig builder Keppel Offshore & Marine’s subsidiary Keppel FELS has delivered ENSCO 123 jack-up rig to EnscoRowan on schedule and with zero lost-time incidents.
Eni’s Descalzi pens gas MoU with Sonatrach’s new CEO
Italian oil and gas firm Eni has signed a memorandum of understanding on gas supplies with Algeria’s state company Sonatrach which this week got its new CEO.
Hess posts profit driven by higher crude oil production
Hess Corporation booked a profit for the first quarter of the year as opposed to a loss in the same period last year driven by higher production from the Gulf of Mexico, Bakken, and North Malay Basin.
Offshore specialist GMS on the lookout for CFO
Stuart Jackson wont’s be joining GMS after all.