Fossil Energy
Noble Energy Reports 3Q Net Income of $205 Mln. CEO Excited about Future
Noble Energy, Inc. announced today third quarter 2013 net income of $205 million, or $0.56 per diluted share, and income from continuing operations of $195 million, or $0.53 per diluted share. Excluding the impact of unrealized commodity derivative losses and certain other items, third quarter 2013
VIDEO: ‘Centennial Jewel’ Ready to Become Ghana’s Second FPSO
Tullow Oil’s second commercial oil and gas project in Ghana made significant progress this month when the Centennial Jewel trading tanker arrived in the Jurong Shipyard in Singapore. Here it will begin its conversion into the floating, production, storage and offloading vessel (FPSO) for the Twenebo
Prosafe: 3Q Fleet Utilisation at 91 Pct
Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the third quarter of 2013 was 91 per cent, with ten vessels; Safe Scandinavia, Regalia, Safe Caledonia, Safe Bristolia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and S
Eni: Evans Shoal Gas Field Contains 8 Tcf of Raw Gas in Place (Australia)
Eni announces the successful completion of the Evans Shoal North-1 appraisal well in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, some 300 km northwest of Darwin. The Evans Shoal North 1 well, dril
Nexen Acquisition Boosts CNOOC’s 3Q Production
China’s CNOOC Limited has announced that during the 3rd quarter 2013, the Company’s total net production rose 17.8% year over year (YOY) to 103.4 million barrels of oil equivalent (BOE) in which Nexen contributed 16.1 million BOE. If excluding Nexen’s contribution, the net production for the third q
Ophir Confirms Intention to Sell Some of Its Acreage Offshore Mozambique
After several news sources reported that Ophir Energy, an oil and gas exploration company focused on Africa, is in talks to divest its stake in offshore blocks in Tanzania, the operator has issued a statement in support of these reports. Ophir said it noted the media speculation that it was explorin
Inpex Granted New Exploration Licence Offshore Shetland
Japan’s oil company Inpex has announced it was successful in the 27th Seaward Licensing Round in UK, and was granted an offshore Exploration Licence P2019 in the North Sea, jointly with Centrica Resources Limited Centrica), a subsidiary of Centrica plc, a UK-listed energy company and Statoil (U.K.)
Total Makes FID for Vega Pleyade Field Offshore Argentina
French oil giant Total (operator, 37.5%) has taken the final investment decision to develop the offshore Vega Pleyade gas and condensate field. Vega Pleyade will produce through three horizontal wells. Together with production from the other Total-operated fields in the area, it will allow optimizat
SBM Offshore Hires BMT for Stones FPSO Support
BMT Scientific Marine Services Inc (BMT) has been awarded a contract from SBM Offshore to provide an Integrated Marine Monitoring System (IMMS) for the Stones Floating Production Storage Offshore (FPSO) in the US Gulf of Mexico. The IMMS monitors, logs, and displays data in real-time to provide oper
Kosmos Completes Seismic Survey in Porcupine Basin, Offshore Ireland
Europa Oil & Gas, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe,has announced the completion of a 1,500 sq km 3-D seismic acquisition programme on Frontier Exploration Licences (`FELs’) 2/13 and 3/13 in the South Porcu
Rolls-Royce to Equip Stena Drilling’s New Rigs
Rolls-Royce has signed a contract to supply thrusters and deck machinery for two semi-submersible drilling rigs to be built at Samsung Heavy Industries in Korea for Stena Drilling. The value of the contract is around £22 million to Rolls-Royce. The new drilling rigs are due for delivery in 2016 and
Australia: Industry Minister Hails Record Investment in Offshore Exploration
New offshore petroleum exploration promises $580 million over the next three years following the granting of exploration permits in Commonwealth waters off Western Australia and South Australia. Industry Minister Ian Macfarlane announced the new permits, as part of the second round of the 2012 Offsh
Fugro Wins Geotechnical Services Contract Offshore Mexico
Fugro has been awarded a contract of around USD 90 million by Mexico’s national oil company PEMEX for ultra deep water geotechnical and pilot hole (drilling and logging) services associated with the de-risking of drilling locations and field developments planned offshore Mexico. The overall duration
Ensco Quarterly Earnings at $619 Million
Ensco plc has reported that diluted earnings per share increased 9% to $1.62 in third quarter 2013 from $1.48 a year ago. Discontinued operations primarily related to rigs and other assets no longer on the Company’s balance sheet reduced earnings last year by $0.07 per share. Diluted earnings per sh