Tag Archive

Shell’s Enchilada Platform in Gulf of Mexico

Shell’s Enchilada Platform in Gulf of Mexico

November 13, 2017 No Comments

Hess Corporation (NYSE: HES) released a statement today about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the damaged portions of the asset is being developed. All production coming into the […]

Noble Energy Announces Third Quarter 2017 Results

Noble Energy Announces Third Quarter 2017 Results

October 31, 2017 No Comments

Noble Energy, Inc. (NYSE:NBL) (“Noble Energy” or “the Company”) today announced results for the third quarter of 2017, including a net loss attributable to Noble Energy of $136 million, or $0.28 per diluted share. The Company reported an adjusted loss(1) and adjusted loss per share(1) attributable to Noble Energy for the quarter of $10 million, […]

Oil and Gas lease sale in the United States

Oil and Gas lease sale in the United States

October 28, 2017 No Comments

U.S. Secretary of the Interior Ryan Zinke has announced that the Department is proposing the largest oil and gas lease sale ever held in the United States–76,967,935 acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida. The proposed region-wide lease sale, offering an area about the size of […]

Shell expands pre-salt growth in deep-water Brazil

Shell expands pre-salt growth in deep-water Brazil

October 28, 2017 No Comments

Royal Dutch Shell plc (“Shell”) and its partners won today three, 35-year production sharing contracts for pre-salt blocks located in the Santos Basin, offshore Brazil. Shell will pay its share of the total signing bonuses, equating for all bids, of to approximately USD $100-million [R$ 332.5-million]. Today’s winning bids for Shell include a block adjacent […]

Schlumberger Announces Third-Quarter 2017 Results

Schlumberger Announces Third-Quarter 2017 Results

October 20, 2017 No Comments

Schlumberger Limited (NYSE:SLB) today reported results for the third quarter of 2017. Q3 2017 Earnings Highlights Revenue of $7.9 billion increased 6% sequentially Pretax operating income of $1.1 billion increased 11% sequentially GAAP EPS, including Cameron integration-related charges of $0.03 per share, was $0.39 EPS, excluding Cameron integration-related charges, was $0.42 Cash flow from operations […]

Total signs agreement with Chevron

Total signs agreement with Chevron

September 22, 2017 No Comments

Total announces that its subsidiary, TOTAL E&P USA, INC. (“Total”), has entered into an agreement to capture 7 prospects operated by CHEVRON U.S.A. INC. (“Chevron”) in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are located in two promising plays and areas of the GoM: Wilcox in Central GoM next […]

GulfSlope Energy and Texas South Energy Announce Letter of Intent with IOC

GulfSlope Energy and Texas South Energy Announce Letter of Intent with IOC

September 13, 2017 No Comments

GulfSlope Energy, Inc. (OTCQB: GSPE) (“GulfSlope”) and Texas South Energy, Inc.(OTC PINK: TXSO) (“Texas South”) (collectively, the “Farmors”) announced today that they have jointly executed an exclusive letter of intent (“LOI”) with a large international oil and gas company (the “Partner”) to jointly drill and develop the Farmors oil and gas prospects located offshore Gulf […]

GoM operators shut production

GoM operators shut production

August 25, 2017 No Comments

Shell, Exxon, and Anadarko are reducing production in the Gulf of Mexico ahead of a storm that the U.S. National Hurricane Center said yesterday will affect most of the Texas coast. The NHC expects Tropical Depression Harvey to intensify as it nears the land. Shell, according to Reuters, is moving all personnel working on the […]

Second 3D multi-client reimaging program offshore Mexico

Second 3D multi-client reimaging program offshore Mexico

August 9, 2017 No Comments

ION Geophysical Corporation (NYSE: IO) recently announced a new 3D multi-client broadband re imaging program offshore the Western Gulf of Mexico using the Mexican National Hydrocarbons Commission (CNH) data library. The Mexican Ridges 3D reimaging program is fully supported by industry funding and contains eight surveys covering approximately 28,800 sq km over the Mexican Ridges […]

Anadarko Announce Second-Quarter 2017 Operations Report

Anadarko Announce Second-Quarter 2017 Operations Report

July 27, 2017 No Comments

Anadarko Petroleum Corporation (NYSE: APC) announced its second-quarter 2017 results, reporting a net loss attributable to common stockholders of $415 million, or $0.76 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items increased the net loss by $8 million, or $0.01 per share […]

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