Tag Archive

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). […]

Shell makes New deep-water, discovery in Gulf of Mexico

Shell makes New deep-water, discovery in Gulf of Mexico

May 24, 2018 No Comments

Shell announces a large, deep-water, exploration discovery in the U.S. Gulf of Mexico with its Dover well (100% Shell). The Dover discovery is Shell’s 6th in the Norphlet play and has encountered more than 800 net feet of pay (244 meters). The discovery is located approximately 13 miles from the Appomattox host and is considered […]

Noble Energy Announces First Quarter 2018 Results

Noble Energy Announces First Quarter 2018 Results

May 9, 2018 No Comments

Noble Energy, Inc. (NYSE:NBL) (“Noble Energy” or the “Company”) announced first quarter 2018 financial and operating results. Highlights include: Delivered quarterly sales volumes of 361 MBoe/d(1) up 18 percent(2) from first quarter 2017 on organic capital expenditures of $781 million. Increased U.S. onshore oil production over 30 percent(2) compared to the first quarter of 2017 […]

Anadarko Announces 2018 First-Quarter Results

Anadarko Announces 2018 First-Quarter Results

May 9, 2018 No Comments

Anadarko Petroleum Corporation (NYSE: APC) announced 2018 first‑quarter results, reporting net income attributable to common stockholders of $121 million, or $0.22 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by $158 million, or $0.30 per share (diluted), on an […]

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