Fossil Energy
BG CEO: Good set of results in 2Q
Britain’s BG Group today reported its 2Q 2014 revenue and other operating income increased 26% to $5 501 million. Total earnings for the second quarter of 2014 were $1 367 million (40.1 cents per share) and included a post-tax gain of $158 million in respect of disposals, re-measurements and impairm
New contract extension for Safe Hibernia in Mexico
Mexico’s Cotemar has awarded a contract extension for the Safe Hibernia accommodation rig through to 23 December 2014 with unchanged day rate. The contract value of the extension is USD 7.9 million. The rig provides accommodation services to Mexico’s state-run oil company, PEMEX. The Safe Hibernia,
Jack-up rig ‘Energy Endeavour’ to drill for Rosneft
Northern Offshore, Ltd. has announced that the company has finalized a 2 ½ year contract with Rosneft Oil Company, in conjunction with North Atlantic Drilling Ltd., for the provision of the jack-up drilling rig Energy Endeavour. According to the agreement, any break rights expire after 100 days, aft
NADL sends rig fleet to Russian waters in $4B deal
North Atlantic Drilling Ltd. has announced that 6 binding offshore contracts have been executed with Rosneft Oil Company (“Rosneft”). The total revenue potential for the six contracts exclusive of mobilization is approximately US$4.25 billion. According to the agreement, any break rights expire afte
Shell adjusted 2Q earnings rise 33% to $6.1B
Royal Dutch Shell’s second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the same quarter a year ago. Earnings included an identified net charge of $1.0 billion after tax, mainly reflecting impairments which were partly offset by
Three new multi-client surveys for TGS
TGS announces three new multi-client surveys; a 3D survey offshore Australia, a 2D survey offshore New Zealand and a 3D survey in the West of Shetland region. Nerites Season 2 is the largest 3D survey TGS has acquired to date in the Asia Pacific region and will cover 13,000 km2 in the Great Australi
Det norske to drill first wildcat in licence 553
The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for wellbore 34/7-36 S, in the Norwegian North Sea. Wellbore 34/7-36 S will be drilled from the Borgland Dolphin semi-submersible drilling rig after completing drilling of wildcat well 31/10-1 for Tullow Oil
Total’s profit, production drop
French oil company Total today reported its adjusted net income for the second quarter of 2014 fell 12% compared to the corresponding period of 2013. The company recorded income of ∼$3.2 billion versus ∼$3.6 billion a year ago. Commenting on the results, Chairman and CEO Christophe de Margerie said:
Rigmar grows presence in Port of Cromarty Firth (UK)
Following substantial success and a number of significant contract wins, Rigmar has signed a five-year lease agreement with Port of Cromarty Firth as part of their multi-million pound expansion plan.
Dolphin takes delivery of seismic guard ‘7-Oceans’
Dolphin Geophysical has attended the naming ceremony of the 7-Oceans new build seismic guard vessel in Maaskant Shipyard, Holland, on the 25th July. This is the first of three new build seismic guard vessel Dolphin will take on long term charter (4 years +) with Rederij Groen. The 7-Oceans will join
ConocoPhillips extends Ekofisk contract with Archer
Archer Limited announces that ConocoPhillips has exercised an option to extend its contract with Archer AS for the provision of Platform Drilling services for the Greater Ekofisk Area. The Platform Drilling contract was originally signed in early 2010 and previously would have expired June 2015. The
IWCF to launch well control awareness course
The International Well Control Forum (IWCF) is gearing up to launch a new online awareness course focussing on the life cycle of a well, with particular emphasis on well control. It is aimed at everyone working in the oil and gas industry and those planning on entering the sector. The free e-learnin
Rosneft, PDVSA ink offshore projects deals
Rosneft President and Chairman of the Management Board Igor Sechin and Venezuelan Minister of Petroleum and Mining and PDVSA President Rafael Ramirez signed a Cooperation Agreement to implement offshore projects in Rio-Caribe and Mejillones blocks (Phase II of the Mariscal Sucre Project). As part of
EU to ban export of oil exploration technology to Russia
The European Union Council’s Committee of Permanent Representatives (Coreper) yesterday reached agreement on EU restrictive measures in view of Russia’s actions destabilising the situation in eastern Ukraine. In order to restrict Russia’s access to EU capital markets, EU nationals and companies may