Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries reported net income of $148.0 million, or $0.59 per diluted share, for the quarter ended June 30, 2011, compared with net income of $129.2 million, or $0.52 per diluted share, fo
Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Storm Don. The Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE) Hurricane Response Team is monitoring the operators’ activities. The team will be activated and contin
Coastal Energy Company (the “Company” or “Coastal”) announces the successful results of the first exploration well drilled at Songkhla H and the results of initial production testing on the Bua Ban North B-06 and B-08 wells. The Songkhla H-01 well was drilled to a total depth of 9,256 feet TVD and e
Noble Energy, Inc. reported today second quarter 2011 net income of $294 million, or $1.61 per share diluted, on revenues of $954 million. The Company’s second quarter 2010 net income was $204 million, or $1.10 per share diluted, on revenues of $751 million. Net income for the second quarter 2011 in
TransAtlantic has received delivery of Magne Viking AHTS vessel from the Astilleros Zamakona S.A shipyard in Spain. The vessel will be flagged up in the Danish register of ships, DIS. Magne Viking is the third new‐build in a series of four, which are being built at the Spanish shipyard. The last ves
CGGVeritas announced today that it has signed a strategic agreement with Spectrum, a Norwegian multi-client company, for the contribution by CGGVeritas of its 2D Multi-client marine library for a consideration in cash and a major equity position in Spectrum. CGGVeritas has reached a strategic agreem
Spanish oil major Repsol YPF will begin drilling off the coast of Cuba in November, the company’s COO Miguel Martínez announced in a … By James Fowler (Business News Americas) [mappress] Source: Business News Americas, July 29, 2011;
The technology company The Linde Group continued to achieve profitable growth in the first half of 2011. “We are well on our way,” said Professor Dr Wolfgang Reitzle, Chief Executive Officer of Linde AG. “We’ve seen a strengthening of demand in both our gases business and our engineering business wo
Subsea 7 S.A. announced today that it has been awarded a contract valued at approximately $440 million from Chevron Australia Pty Ltd for the Chevron-operated Gorgon Project, offshore Western Australia. The work scope includes installation and tie-in of heavy lift structures in the Gorgon and Jansz
Eni, the international oil and gas company, today announces its group results for the second quarter and the first half of 2011 (unaudited). Financial Highlights Adjusted operating profit: € 9.1 billion in the first half (up 8%); € 4 billion in the quarter (down 3%). Adjusted net profit: € 3.63 bill
Valiant Petroleum plc announces that drilling has commenced on its first Norwegian exploration well, 6407/5-2S, on PL471 located in the Norwegian Sea. The well is targeting Chamonix, a potentially large Cretaceous stratigraphic prospect, and the secondary Cortina prospect in the Jurassic. The well i
“ExxonMobil recorded strong results during the second quarter of 2011, while investing at a record level of over $10 billion to develop new supplies of energy to meet growing world demand”, EXXONMOBIL’S Chairman Rex W. Tillerson commented “Second quarter earnings of $10.7 billion were up 41% from th
Norwegian Energy Company (Noreco) announces that the sale of the company’s interests in the Norwegian oil fields Brage and Hyme to Core Energy has now been completed. The consideration to Noreco is USD 85 million net of tax with effective date 1 January 2011. In addition a pro et contra settlement w
Eni has made a new hydrocarbon discovery offshore Ghana through the Gye Nyame 1 well, which is located in the OCTP block 50 km off the Ghanaian shoreline. The well, which was drilled in 519 meters of water, was drilled to a total depth of 3,349 meters and encountered significant thickness of gas and
