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Apache Announces Fourth-Quarter and Full-Year 2018 Financial Results

Apache Announces Fourth-Quarter and Full-Year 2018 Financial Results

February 28, 2019 No Comments

Apache Corporation (NYSE, Nasdaq: APA) today announced its financial and operational results for the fourth-quarter and full-year 2018. Apache reported a loss of $381 million or $1.00 per diluted common share during the fourth-quarter 2018. When adjusted for certain items that impact the comparability of results, including primarily the impact of asset impairments in the […]

Noble Energy Announces Full-Year 2018 Results

Noble Energy Announces Full-Year 2018 Results

February 19, 2019 No Comments

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) today announced fourth quarter and full-year 2018 financial and operating results. Fourth quarter highlights include: Organic capital expenditures funded by Noble Energy totaled $643 million, towards the low end of guidance. Sales volumes of 350 MBoe/d exceeded the top end of guidance, including record production […]

‘’Lower Your Costs, Or Die’’

‘’Lower Your Costs, Or Die’’

February 18, 2019 No Comments

Fracking and the booming short-cycle shale production in the Permian have revolutionized not only U.S. crude oil production. The prolific shale basin in West Texas and New Mexico has also shown U.S. supermajor Chevron that it needs to become more efficient in all of its other upstream operations, according to chairman and chief executive Mike […]

TechnipFMC Awarded iEPCI™ Contract

TechnipFMC Awarded iEPCI™ Contract

January 9, 2019 No Comments

TechnipFMC (NYSE: FTI) (Paris: FTI) has been awarded a integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by BP for the Atlantis Phase 3 project worth between $75 million and $250 million. Following final investment decisions from all partners, TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and […]

BP approves Atlantis expansion

BP approves Atlantis expansion

January 8, 2019 No Comments

Atlantis Phase 3 will include the construction of a new subsea production system from eight new wells that will be tied into the current platform, 150 miles south of New Orleans. Scheduled to come onstream in 2020, the project is expected to boost production at the platform by an estimated 38,000 barrels of oil equivalent […]

Sapura Energy Berhad wins new contracts in Mexico and Malaysia

Sapura Energy Berhad wins new contracts in Mexico and Malaysia

November 22, 2018 No Comments

Sapura Energy Berhad (Sapura Energy) has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion. The new contracts have lifted the company’s orderbook to RM18 billion and total contract wins to-date for this financial year to RM7 billion. Sapura Energy has built capabilities and expertise that are critical […]

Chevron Announces First Oil From Big Foot Project in the Deepwater GoM

Chevron Announces First Oil From Big Foot Project in the Deepwater GoM

November 22, 2018 No Comments

Chevron Corporation (NYSE:CVX) announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5,200 feet (1,584 m.). The Big Foot field was […]

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 […]

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