Fossil Energy
Noble Corp. reports increase in 2Q income
Drilling contractor Noble Corporation plc has reported second quarter 2014 net income of $235 million, or $0.91 per diluted share, compared to $177 million, or $0.69 per diluted share in 2Q 2013. Revenues for the second quarter of 2014 were $1.2 billion compared to $1.3 billion in the first quarter
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
BOEM extends comment period for 2017-2022 OCS O&G Leasing Program
The Bureau of Ocean Energy Management (BOEM) has announced that it is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the 2017-2022 Leasing Program. The RFI was released in mid-June as the initial step in the multi-year offshore oil and ga
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,
Afren suspends CEO and COO
Afren plc announces that the Board has temporarily suspended the CEO, Osman Shahenshah and the COO, Shahid Ullah. “In the course of an independent review on the Board’s behalf by Willkie Farr & Gallagher (UK) LLP of the potential need for disclosure of certain previous transactions to the market, ev
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
Genel spins drill bit at SM-1, offshore Morocco
Genel Energy has begun drilling operation at its SM-1 well, offshore Morocco, Serica Energy, a partner in the well has informed. Genel Energy, the operator of the Morocco Sidi Moussa licence, has informed Serica that the semi-submersible rig ‘Noble Paul Romano’ has been secured on location and that
Eni discovers gas and condensate offshore Gabon
Italy’s oil company Eni has made a gas and condensate discovery in the Nyonie Deep exploration prospect located in block D4, approximately 13 kilometers from the coast of Gabon and 50 kilometers from the capital city Libreville. Preliminary estimates suggest the new gas discovery is significant, wit
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
‘Aquila Explorer’ hired for 2D shoot in Australasia
SeaBird Exploration Plc has announced that Aquila Explorer has received a letter of award for a 2D seismic survey in Australasia. The survey will cover a minimum of 10,000 km and will have an estimated value of approximately $11 million. The project is expected to start in Q4 2014 and will have an e
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
Dolphin hired for large survey in Australia
Dolphin Geophysical has been awarded a contract from TGS for Nerites Season 2 located in the Bight’s deep water Ceduna Sub-basin in Australia, covering 13.000 sq.km. The initial Season 1 was carried out by Polar Duchess and she will return together with a second Dolphin high-capacity vessel in Q4 20
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