Fossil Energy
U.S. to update oil & gas drilling regulations in push to reduce regulatory burden
The BSEE has proposed to update regulations covering offshore oil and gas drilling operations.
OMV clinches stake in ADNOC’s offshore concession
ADNOC has awarded OMV an interest in Abu Dhabi’s SARB and Umm Lulu offshore concession for a fee of $1.5 billion.
Rowan leases four rigs to ARO for new Saudi Aramco drilling deals
U.S. offshore driller Rowan will lease four of its idle jack-up rigs to ARO Drilling to fulfill four three-year contracts that ARO Drilling has been awarded by Saudi Aramco. Rowan President and Chief Executive Officer Tom Burke said the company’s partnership with Saudi Aramco in ARO Drilling and Row
Popular news, April 23 – 29, 2018
Popular news, April 23 – 29, 2018
USA: Weekly offshore rig count unchanged
The weekly number of active offshore rigs in the U.S. remained flat this past week.
Chevron earnings up on higher output, prices
U.S. energy giant Chevron recorded an increase in its first quarter earnings on the back of growing production, higher prices, and foreign currency effects. Chevron on Friday reported earnings of $3.6 billion for first quarter 2018, compared with $2.7 billion in the first quarter of 2017. According
ExxonMobil posts higher profit, revenues
ExxonMobil posted a higher profit and revenues for the first quarter of 2018 while its production was down compared to the same period last year.
UK HSE: Oil firms must step up safety game after leaks leave offshore rigs ‘perilously close to disaster’
UK’s offshore safety regulator has sent a letter to offshore oil operators urging them to step up their game when it comes to cutting accidental oil and gas leaks
McDermott to perform diving job for BP’s Angelin project
Houston-based contractor McDermott will self-perform air and saturation diving on two projects in the Americas, Europe and Africa region.
NYSE moves to delist Erin Energy shares following chapter 11
Erin Energy will be appealing a decision made by the New York Stock Exchange to delist its shares from trading, following the company’s filing for chapter 11 bankruptcy.
Bassoe: You’re not an idiot if you believe in deepwater drilling
The drillship market has sucked for years. Now it’s getting interesting.
Chrysaor strikes innovative drilling services deal with Baker Hughes
UK independent Chrysaor is starting a new drilling campaign in its UK portfolio in partnership with Baker Hughes, a GE company.
Eni records slight dip in net profit. Production rises
Italian oil company Eni reported a slight drop in its first-quarter profit of 2018, compared to the 1Q
Aker Solutions profit jumps amid signs of market rebound
Norwegian oil services company Aker Solutions saw an increase in its quarterly profit and revenues amid signs of a market rebound.