Fossil Energy
Norwegian Continental Shelf Factbook Available for Download
Norway’s Ministry of Petroleum and Energy together with the Norwegian Petroleum Directorate are publishing “Facts 2013 – The Norwegian petroleum sector”. The publication provides a general overview of information regarding the petroleum activities on the Norwegian continental shelf. Here you can rea
KBR Income Decreases in 1Q 2013 (USA)
KBR announced today that first quarter 2013 net income attributable to KBR was $88 million, or $0.59 per diluted share, compared to net income attributable to KBR of $91 million, or $0.61 per diluted share, in the first quarter of 2012. Consolidated revenue in the first quarter 2013 was $1.9 billion
Robert Allan to Design Icebreaking OSVs for Lukoil
Robert Allan Ltd. has secured contracts for two new designs of icebreaking OSVs for use in the North Caspian Sea. The contract was awarded to the Vancouver naval architects by the Turkish-based Palmali Group of Companies, and the vessels will be built by Besiktas Shipyard of Altinova, Turkey. Upon d
VIDEO: PGS’ New Ship Takes Seismic Acquisition to a New Level
The 24-streamer Ramform Titan seismic vessel was named today at Mitsubishi Heavy Industries yard in Nagasaki, Japan. The new ship, owned by PGS, a seismic specialist from Norway, will, according to PGS, be the most powerful and efficient marine seismic acquisition vessel ever and the widest ship in
Cameron Income Rises. Orders Up 41% (USA)
Cameron, a U.S. based provider of flow equipment products, systems and services to worldwide oil, gas and process industries, reported earnings per share for the first quarter of 2013 of $0.70 excluding charges. This compares to earnings per share for the first quarter of 2012 of $0.54 excluding cha
Total Reports Drop in Profit (France)
French oil giant Total today reported its adjusted net income for the first quarter of 2013. The group’s adjusted net income was $3.8 billion, a 6 per cent drop when compared to $4.0 billion achieved in the same period a year before. Commenting on the results, Christophe de Margerie, Chairman and CE
Caley Completes Reel Carousel Job for Saipem
Offshore handling systems specialist, Caley Ocean Systems has completed the refurbishment and upgrade of a 2,500 tonne, 25m diameter reel carousel for Italian offshore contractor Saipem. The reel carousel will be used to transport umbilicals and flowlines from Norway to China on Big Lift heavy lift
WorleyParsons Scores BP Double
WorleyParsons has announced that BP Remediation Management (BP) has awarded two significant framework agreements to WorleyParsons for the provision of consulting services across BP’s operating business lines outside of North America. The work will be primarily associated with supporting BP projects
BCP Hits Hydrocarbons at West Acis-2 Well (Malaysia)
BC Petroleum Sdn Bhd (“BCP”), the company incorporated to operate and manage the Balai Cluster Risk Service Contract (“RSC”) in Malaysia, has drilled the West Acis-2 well to a total depth (TD) of 2,307 metres TVDss. West Acis-2 is the fourth well in the pre-development drilling phase and is located
USA to Offer 21 Mln Acres in Offshore Texas Lease Sale
Newly appointed U.S. Secretary of the Interior Sally Jewell and Acting Assistant Secretary for Land and Minerals Management and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau have announced that Interior will offer more than 21 million acres offshore Texas for oil and gas explo
Dana Spins Drill Bit in Dutch North Sea
Aberdeen-based Dana Petroleum has spudded a new exploration well in the Dutch part of the North Sea from its De Ruyter platform. Dana is drilling the P11-08 exploration well using the jack-up Noble Lynda Bossler, in the production licence P10a and will test the Triassic Volpriehausen substrata for t
ExxonMobil Profit Slightly Up. Upstream Earnings Down
U.S. oil supermajor, ExxonMobil, today reported its net income for the 1st quarter 2013 of $9,5 billion, which is a 1% or ,in dollars, a $50 million increase when compared to the earnings from the same period in 2012. The company’s Upstream earnings were $7,03 billion in the first quarter of 2013, d
ConocoPhillips 1Q Earnings Drop (USA)
ConocoPhillips today reported first-quarter 2013 earnings of $2.1 billion, or $1.73 per share, compared with first-quarter 2012 earnings of $2.9 billion, or $2.27 per share. First-quarter 2012 reported earnings included $0.7 billion from downstream operations prior to the separation of Phillips 66 o
Anadarko Finds High Quality Oil in Gulf of Mexico
Anadarko Petroleum Corporation (NYSE: APC) today announced its Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet of high-quality oil pay in Lower Tertiary-aged reservoirs. “Our 2013 Gulf of Mexico exploration program is off to an outstanding start, as Phobos marks