Oil majors, such as Exxon and Shell, among others, are set to reveal their second quarter financial and operational reports this week, with BP expected next week. Wood Mackenzie, an energy intelligence group, has posted a podcast taking a look into what to expect when it comes to the 2Q results seas
World’s total energy investment in 2016 fell to $1.7 trillion, a 12 percent drop versus $1.9 in 2015, dragged down by the oil companies’ lack of spending which was slashed by a quarter. According to a report released by the International Energy Agency (IEA), while the world experienced a 9% increase
Topaz Energy and Marine has shared the photos of its latest newbuild, the Topaz Tiamat, undergoing sea trials in Norway. The UAE-based owner of offshore support vessels ordered the Topaz Tiamat from Vard Brattvag in Norway back in September 2015. Topaz Tiamat was ordered together with its sister ves
Popular news, July 17-23, 2017
Schlumberger has narrowed its second quarter loss to $74 million, compared to $2,16 billion a year ago. The world’s largest oilfield services provider posted the second quarter revenue of $7,46 billion, 4 percent up from $7,16 billion in the corresponding quarter of 2016. Sequentially, revenue grew
UK-based offshore driller Ensco has found work for a number of its jack-up as well as semi-submersible drilling rigs in the North Sea, Gulf of Mexico, Australia, and Qatar. According to the driller’s latest fleet status report issued on Thursday, two semi-submersible drilling rigs have been awarded
Mermaid Maritime, a subsea and offshore drilling services company, has recently been awarded two subsea contracts with a combined estimated value of $4.6 million. The company said on Friday that the first contract award will involve a short ROV campaign for pipeline touchdown monitoring for an inter
Noble Energy and its partners at the giant Leviathan gas field have terminated the contract for the Atwood Advantage drillship. According to Delek, a partner in the field the Leviathan 5 appraisal and production well, being drilled by the rig, is expected to be completed soon, after reaching the fin
United Arab Emirates-based natural gas company, Dana Gas, has decided to use AGR software for deep water exploration in Egypt. AGR said on Wednesday that the company’s software team signed a software as a service contract with Dana Gas PJSC to supply the latest version of its P1 software. According
Israel’s energy firm Delek has informed it has fulfilled all conditions for the sale of its 9.25% interests in the Tamar and Dalit fields, located in the Mediterranean Sea, offshore Israel. The company recently said it would sell its stake in the fields to the newly established entity called Tamar P
Offshore driller Rowan Companies has been awarded new contracts and contract extensions for its jack-up drilling rigs working in the UK, Norway, Saudi Arabia and Trinidad. In its fleet status report on Wednesday, the driller reported that the 2011-built jack-up drilling rig Rowan Norway has been hir
Energean Oil & Gas, a Greek oil company that is increasingly looking abroad, is in talks to sell gas from its recently sanctioned offshore development in Israel. According to Globes, a leading business news website in Israel, the Greek company is discussing a gas supply deal with three companies in
Australian engineering company WorleyParsons has been awarded a contract by Saudi Aramco for work on the Marjan oil field development in Saudi Arabia. According to a Tuesday statement by the Australian company, it was awarded the project management and front end engineering and design (FEED) service
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