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Kosmos Energy Announces Third Quarter 2018 Results

Kosmos Energy Announces Third Quarter 2018 Results

November 13, 2018 No Comments

Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced financial and operating results for the third quarter of 2018. For the third quarter of 2018, the Company generated a net loss of $126.1 million, or $0.31 per diluted share as compared to net loss of $63.4 million or $0.16 per diluted share in the same period last […]

Steven W. Green Named President of Chevron North America E&P

Steven W. Green Named President of Chevron North America E&P

November 6, 2018 No Comments

Chevron Corporation (NYSE:CVX) today named Steven W. Green president of Chevron North America Exploration and Production, effective March 1, 2019. Green, 61, succeeds Jeff Shellebarger, who is retiring from Chevron after 38 years of distinguished service. Green, who is currently president of Chevron Asia Pacific Exploration and Production, will oversee Chevron’s exploration and production activities […]

ROWAN RELIANCE AWARDED CONTRACT BY FIELDWOOD

ROWAN RELIANCE AWARDED CONTRACT BY FIELDWOOD

October 31, 2018 No Comments

Rowan Companies plc (“Rowan” or the “Company”) (NYSE: RDC) announced that the Rowan Reliance, an R-Class ultra-deepwater drillship, has been awarded a contract in the United States Gulf of Mexico by Fieldwood Energy LLC with a firm term of one year plus three 90-day options at then market rates. The contract is expected to commence […]

ENERGY NEWSTRACK TO 06/09/18:

ENERGY NEWSTRACK TO 06/09/18:

September 6, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.18 a barrel on Wednesday, 5 September 2018, compared with $76.32 the previous day, according to OPEC Secretariat calculation. Includes: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait […]

Advanced analytics solution, developed with BHGE, will be installed on BP’s upstream assets

Advanced analytics solution, developed with BHGE, will be installed on BP’s upstream assets

September 4, 2018 No Comments

BP announced today that it has successfully deployed Plant Operations Advisor (POA), a cloud-based advanced analytics solution developed with Baker Hughes, a GE company, across all four of its operated production platforms in the deepwater Gulf of Mexico. The announcement comes after an initial deployment of POA proved the technology could help prevent unplanned downtime […]

Eni acquires 124 exploration leases onshore Alaska

Eni acquires 124 exploration leases onshore Alaska

August 30, 2018 No Comments

Eni announced the acquisition of 124 exploration leases (for a total of approximately 350,000 acres) onshore in the Eastern North Slope of Alaska from Caelus Alaska Exploration Company, LLC. Eni will hold all the leases with a 100% working interest. The “Eastern Exploration Area” (EEA) is located to the South-East of the giant Prudhoe Bay […]

Kosmos Energy Acqires  Deep Gulf Energy for $1.225 Billion

Kosmos Energy Acqires Deep Gulf Energy for $1.225 Billion

August 7, 2018 No Comments

Kosmos Energy announced that the company has entered into an agreement to acquire Deep Gulf Energy (“DGE”)1, a leading deepwater company operating in the Gulf of Mexico, from First Reserve and other shareholders for a total consideration of $1.225 billion, subject to certain adjustments. By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio […]

BP Reports Strong earnings, strategic momentum, increased dividend

BP Reports Strong earnings, strategic momentum, increased dividend

July 31, 2018 No Comments

Underlying replacement cost profit* for the second quarter of 2018 was $2.8 billion – four times that reported for the same period in 2017 – including significantly higher earnings from the Upstream and Rosneft. Operating cash flow excluding Gulf of Mexico oil spill payments* was $7.0 billion in the second quarter – which included a […]

U.S. To Hold Major Oil & Gas Lease Sale In August

U.S. To Hold Major Oil & Gas Lease Sale In August

July 16, 2018 No Comments

The U.S. Department of the Interior will hold an oil and gas lease sale for 78 million acres in the Gulf of Mexico on August 15, the department said in a press release. The amount includes all hitherto unleased areas in the U.S. section of the Gulf. This is the third offshore lease sale under […]

Shell adds competitive, deep-water production in the U.S. Gulf of Mexico

Shell adds competitive, deep-water production in the U.S. Gulf of Mexico

May 31, 2018 No Comments

Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, announces today the early start of production – around one-year ahead of schedule – at the first phase of Kaikias, an economically resilient, subsea development in the US. Gulf of Mexico with estimated peak production of 40,000 barrels of oil equivalent per day (boe/d). […]

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