Fossil Energy
Shell names Projects & Technology Director
Royal Dutch Shell plc has announced the appointment of Harry Brekelmans as Projects & Technology Director with effect from October 1, 2014. In his new role, Brekelmans will become a member of the Executive Committee and will take over from Matthias Bichsel who will be leaving the company after 34 ye
Transocean Partners prices IPO units at $22
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., announced today the pricing of its initial public offering of 17,500,000 common units representing limited liability company interests at $22.00 per unit. All of the common units are being offered by Tra
Honeywell to upgrade Molikpaq platform
Honeywell Process Solutions has announced it will upgrade process control and alarm management systems at the Molikpaq platform on the Sakhalin shelf, Russia, to improve safety, reliability and operational efficiency. The Molikpaq platform, owned by Sakhalin Energy Investment Co. Ltd., celebrated it
Circle Oil: Mechanical problems cause no delay off Tunisia
Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, provides the following update on the EMD-1 exploration well, offshore Tunisia. The well was spud on 8 June 2014 and drilled to 753 metres MD after which the 20 inch casing was run and succ
Indian oil firms eyeing Murphy’s assets in Malaysia
India’s oil firms ONGC and Oil India have reportedly interested to buy a stake in Murphy Oil’s assets in Malaysia.
Ensco swings to loss
Ensco plc has reported a loss of $5.07 per diluted share in the second quarter 2014 compared to earnings of $1.55 per diluted share in the second quarter 2013. The loss from discontinued operations for second quarter 2014, which includes a $546 million pre-tax loss on impairment for four floaters th
Exxon 2Q profit jumps 28% to $8.8 billion
Exxon Mobil today reported its 2Q 2014 earnings of $8,780 million, an increase of $1,920 million or 28 percent from the second quarter of 2013. Earnings per share (assuming dilution) were $2.05, an increase of 32 percent. Capital and exploration expenditures were $9.8 billion, down 4 percent from th
Eni, KOGAS to drill for gas in Cyprus
The Government of the Republic of Cyprus and representatives of the JV Eni/KOGAS have signed a Memorandum of Understanding. This preliminary agreement is aimed at investigating areas of cooperation related to Cyprus potential gas resources valorization, with priority to the onshore LNG option. Eni i
Oil gathering pipeline connected to Lucius spar
Enterprise Products Partners L.P. and Genesis Energy, L.P. have announced that their jointly owned crude oil gathering pipeline serving the Lucius production area in southern Keathley Canyon in the Gulf of Mexico is now mechanically complete and began earning revenues July 1, 2014. Constructed and o
ConocoPhillips adjusted 2Q earnings up on higher oil prices
ConocoPhillips today reported second-quarter 2014 earnings of $2.1 billion, or $1.67 per share, compared with second-quarter 2013 earnings of $2.1 billion, or $1.65 per share. Excluding special items, second-quarter 2014 adjusted earnings were $2.0 billion, or $1.61 per share, compared with second-q
BG Group to explore for oil offshore Aruba
BG Group, a UK-based exploration and production company will search for oil and gas in the Carribean Sea, off the coast of Aruba. In its quarterly report, BG has revealed today that the company in June signed an agreement to acquire a 30% interest in an exploration block, offshore Aruba. The block c
OPITO offers offshore helicopter safety training in GoM region
With 2.3 million passengers travelling to work on offshore installations by helicopter in the Gulf of Mexico every year, OPITO is making sure every worker has the necessary training to get to work and return home safely every trip. The oil and gas industry’s training standards body has set new and h
CNOOC starts pumping oil from Panyu project
China’s CNOOC Limited announced today that its Panyu 10-2/5/8 project has started production.
Atlantic Offshore takes delivery of ERRV Ocean Marlin
Atlantic Offshore has reported that Ocean Marlin Emergency Response & Rescue Vessel has been delivered from Zamakona yard in San Sebastian, Spain.