Fossil Energy
Total Reports Adjusted Net Income at 2.7 Bln Euros (France)
French oil giant Total today announced the results for the second quarter of 2013. The Company highlights the following: – Net income of 2.5 B€ in 2Q13 and 4.1 B€ in 1H13 – Net-debt-to-equity ratio of 27.6 % at June 30, 2013 – Hydrocarbon production of 2,290 kboe/d in 2Q13 – Interim dividend for 2Q1
POSCO Enters Offshore Plant Cooperation MOUs with Cameroon Government
POSCO, which has served a backbone role in realizing Korea’s development model through steel industry development as part of the 5-year economic development plan in the 1970s, along with investing companies are joining hands with Africa’s newly rising rich nations to pass on technology and know-how
Siem WIS Inks PCD Supply Contract with M-I Swaco
Siem WIS has entered into a contract with M-I Swaco for the supply of its pressure control device (“PCD”) services. The Siem WIS PCD services shall be used in connection with M-I Swaco’s manage pressure drilling (“MPD”) services for Statoil on the Gudrun and Valemon fields in the North Sea. The oper
Enegi to Assess Hydrocarbon Potential of Block 3/23a (UK)
Enegi, the independent Oil and Gas Company with a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan, provides an update on North Sea Licence P1974 containing the Malvolio prospect in Block 3/23a. Further to the announcement of 31 January 2013, the Company conf
AGR Wins Well Project Contract (Australia)
AGR has been awarded a contract to provide project management services to large independent operator ‘Hunt Oil’ for the drilling of one exploration well located in Permit WA-425-P offshore north Western Australia. AGR Regional General Manager, Bruce Roebuck, said: “AGR is looking forward to working
First Two ERRVs for Vroon Offshore Christened in China
Nanjing East Star Shipbuilding Co., based in China, on Monday hosted a naming ceremony for VOS Fabulous and VOS Fairness, the first two units in a series of six new classed 50m Emergency Response Rescue Vessels (ERRVs), ordered by Vroon Offshore Services in May 2012. VOS Fabulous was christened by J
Halliburton to Conclude U.S. GoM Macondo Well Investigation
Halliburton Company announced that it has reached an agreement with the U.S. Department of Justice to conclude the department’s criminal investigation of the company in relation to the April 20, 2010 incident involving the Macondo well in the Gulf of Mexico. A Halliburton subsidiary has agreed to pl
Polarcus, ION Jointly Work on 3D Marine Multi-Client Projects
Polarcus Limited announces that the Company has entered into a three year agreement with ION Geophysical Corporation (“ION”) to jointly develop, execute, and market 3D marine multi-client projects to E&P companies worldwide. The agreement combines Polarcus’ proven expertise in the 3D multi-client sp
Noble Energy to Meet 2013 Objectives (USA)
Noble Energy, Inc. announced second quarter 2013 net income of $377 million, or $1.04 per diluted share, and income from continuing operations of $358 million, or $0.99 per diluted share. Excluding the impact of unrealized commodity derivative gains and certain other items, second quarter 2013 adjus
Hercules 265 Natural Gas Flow Stops
The Bureau of Safety and Environmental Enforcement (BSEE) announced that the flow of natural gas under pressure at the Hercules 265, South Timbalier 220 natural gas well, has stopped. The gas flow was feeding the rig fire, which has decreased to a small flame. The rig and natural gas well are locate
Technip Awarded Flexible Pipes Supply Contract (Nigeria)
Technip was awarded two contracts, worth a substantial total value, to supply flexible pipes for the Egina field operated by Total Upstream Nigeria Ltd, offshore Nigeria. These contracts cover the qualification and supply of: – 12 dynamic flexible jumpers from 3.5″ to 12.5″ for oil production, gas l
First Gas Sales from Breagh Field Expected Late August (UK)
Sterling Resources Ltd. is providing an update regarding the impending commencement of first production from the Breagh field. Sterling has been advised that first gas sales from the Breagh field is now expected late August to early September due to some remedial works identified during the commissi
Oceaneering Reaches Record Earnings (USA)
Oceaneering International, Inc. today reported record quarterly earnings for the second quarter ended June 30, 2013. On revenue of $820.4 million, Oceaneering generated net income of $98.8 million, or $0.91 per share. During the corresponding period in 2012, Oceaneering reported revenue of $672.5 mi
W&T Offshore Makes Discovery at Mahogany Field (USA)
W&T Offshore, Inc. announced that it has made a subsalt discovery in a deep shelf exploratory target beneath its Ship Shoal 349 “Mahogany” Field. The SS 359 A-14 well has exceeded the Company’s expectations and is currently producing from the targeted T-Sand (in excess of 17,200′ total vertical dept