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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 […]

BP delivers strong 1Q profit

BP delivers strong 1Q profit

May 9, 2018 No Comments

Underlying replacement cost profit* for the first quarter of 2018 was $2.6 billion, compared with $1.5 billion for the same period in 2017, a rise of 71%. Operating cash flow excluding Gulf of Mexico oil spill payments* in the quarter was $5.4 billion including a $1.8 billion negative impact from an increase in working capital […]

W&T Offshore and BHGE Announce Strategic Agreement

W&T Offshore and BHGE Announce Strategic Agreement

May 3, 2018 No Comments

At Offshore Technology Conference (OTC) , W&T Offshore Inc. (NYSE: WTI) and Baker Hughes, a GE company (NYSE: BHGE) announced a strategic partnership related to W&T’s joint exploration and development program, which includes 14 drilling projects, most of which are operated by W&T in the Gulf of Mexico. The project utilizes a commercial model that […]

Statoil completes acquisition of US Gulf of Mexico deepwater discovery

Statoil completes acquisition of US Gulf of Mexico deepwater discovery

April 11, 2018 No Comments

Statoil and Total have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate purchase price of USD 339 million. The partners had jointly presented the winning bid for the asset in a bankruptcy auction of some of Cobalt’s assets that […]

Total Further Increases Its Footprint In The Gulf Of Mexico

Total Further Increases Its Footprint In The Gulf Of Mexico

April 11, 2018 No Comments

Total has acquired several assets located in the Gulf of Mexico as part of the Cobalt International Energy company’s bankruptcy auction sale. Total submitted offers on several assets for a consideration of approximately 300 million dollars and acquires from Cobalt: A 20% interest in the North Platte discovery. As a result, Total increases its interest […]

TechnipFMC Awarded Contract for LLOG Exploration in the Gulf of Mexico

TechnipFMC Awarded Contract for LLOG Exploration in the Gulf of Mexico

March 26, 2018 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract by LLOG Exploration. This award for the Who Dat field in the Gulf of Mexico includes the delivery and installation of a Multiphase Pumping System, including a manifold, umbilical termination assembly, power umbilical, jumper and topside control equipment, […]

DeepWater Rental &  Supply Delivers to LL&G Construction

DeepWater Rental & Supply Delivers to LL&G Construction

March 7, 2018 No Comments

DeepWater Rental & Supply has completed design and fabrication of a ballast control system for the Pipe Burial System Langostino Owned by LL& G Construction, Inc. The Control System consists of a 10-Station Hydraulic Valve Pack, Inclinometer, heading, Multi Beam Sonar, Pan and Tilt ,12 Level Sensors, utilizing 9 Hydraulically Actuated Valves with a Touch […]

BP 4Q and full-year 2017 results

BP 4Q and full-year 2017 results

February 6, 2018 No Comments

BP’s profit for the fourth quarter and full year was $27 million and $3,389 million respectively, compared with $497 million and $115 million for the same periods in 2016. Highlight: Strong delivery and growth across BP – Underlying profit up 139% – Organic cash flows back in balance – Downstream underlying profit up 24% – […]

Hess Reports Estimated Results for the Fourth Quarter of 2017

Hess Reports Estimated Results for the Fourth Quarter of 2017

February 5, 2018 No Comments

A sixth oil discovery on the Stabroek block, offshore Guyana (Hess 30 percent), was announced at the Ranger-1 exploration well located approximately 60 miles to the northwest of the Liza Field  Total recoverable resources estimate from five previous Guyana discoveries increased to more than 3.2 billion barrels of oil equivalent (boe) from previous range […]

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