Fossil Energy
Halliburton leaves the worst behind with triple profit in 1Q
Halliburton more than tripled its first quarter 2019 profit when compared to the prior-year while its revenues stayed flat. The company believes that the worst in the pricing deterioration is behind and predicts progress in demand for its services.
Petronas hires four Velesto jack-up rigs
Malaysia’s Velesto Energy, formerly known as UMW Oil & Gas, has been awarded contracts for the provision of four jack-up drilling rigs by Petronas.
Qatar Petroleum launches tender for LNG carrier fleet for North Field expansion project
Qatar Petroleum has issued an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project,
Gulf Drilling confirms Al Shaheen gig for Dukhan rig
Qatari offshore drilling company Gulf Drilling International has confirmed it has signed a three-year contract with North Oil Company (NOC) to provide drilling services through the drilling rig Dukhan.
Atlantica bags Petrobras extension for tender rig
Tender rig specialist Atlantica Tender Drilling has received a contract extension for one of its units with Petrobras in Brazil.
Orders for Dril-Quip equipment exceed guidance
Dril-Quip had product bookings in the first quarter of 2019 of approximately $99 million, which exceeded its prior guidance of $80 million.
Oil & Gas UK’s Efficiency Task Force adds trio to steering group
Efficiency Task Force of Oil & Gas UK, a trade association for the UK offshore oil and gas industry, has appointed three new members to its steering group.
Popular news, April 15 – 21, 2019
Offshore Energy Today’s most popular news of the past week.
JAPEX kicks off drilling operations in Japanese waters
Japan Petroleum Exploration Co., Ltd. (JAPEX) has started the exploratory drilling at offshore Hidaka area of Hokkaido, Japan, using the Ensco 8504 drilling rig.
Petrobras confirms gas and oil extension in Moita Bonita area off Brazil
Petrobras has confirmed the extension of gas and oil accumulation in the Moita Bonita area, in deep waters in the Sergipe Basin offshore Brazil.
BP and partners sanction Caspian Sea project worth $6 billion
The Azeri Central East project, the next stage of development of the giant ACG field in the Azerbaijan sector of the Caspian Sea, has been sanctioned.
Seadrill hit with early termination notice of rig contract by BP
Offshore drilling contractor Seadrill Partners has received early termination notice for the West Capricorn rig contract approximately three months ahead of schedule.
WoodMac sees huge growth potential in UK following Chrysaor-ConocoPhillips deal
Wood Mackenzie sees huge growth potential in the UK North Sea region following Chrysaor’s acquisition of ConocoPhillips’ UK business.
ExxonMobil cheers 13th discovery offshore Guyana
ExxonMobil has made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block.