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Eni awarded 3 new Exploration & Production blocks

Eni awarded 3 new Exploration & Production blocks

June 20, 2017 No Comments

Eni has been granted 3 of 10 offshore blocks awarded by Mexico’s National Hydrocarbon Commission (CNH) in the Sureste Basin, in the Gulf of Mexico. This result boosts Eni’s presence in a market that only opened up to foreign investments in 2014, in line with the country’s Energy Reform, and which has huge growth potential. […]

Cairn secures new licences in Mexico bid round

Cairn secures new licences in Mexico bid round

June 20, 2017 No Comments

Cairn announced it has secured interests in two licences in the Mexico offshore bid round. The licences (one operated and one non-operated, covering ~1,100km2) are located in the Gulf of Mexico in the shallow water Sureste basin in water depths of 100-500metres and ~50km offshore: Block 7: ENI (45% operator), Cairn (30%), Citla (25%) Block 9: Cairn (65% operator), Citla (35%) […]

W&T Offshore Receives Final Trial Court Judgment in Lawsuit

W&T Offshore Receives Final Trial Court Judgment in Lawsuit

June 2, 2017 No Comments

W&T Offshore, Inc. (NYSE: WTI) reported that it has received a final trial court judgment from the U.S. District Court for the Southern District of Texas directing the company to pay Apache Corp. $43.2 million, plus $4.4 million in prejudgment interest, attorney’s fees and costs assessed in the judgment. The judgment stems from a previously […]

Chevron Highlights 2016 Performance & Future Plans at Annual Meeting of Stockholders

Chevron Highlights 2016 Performance & Future Plans at Annual Meeting of Stockholders

May 31, 2017 No Comments

Chevron Corporation (NYSE: CVX) today provided an overview of the company’s 2016 operational and social performance and future growth plans for the company at its 2017 Annual Meeting of Stockholders in Midland, Texas. “2016 was a transition year for Chevron and the industry,” said John Watson, chairman of the board and chief executive officer. “We […]

OTTO TO RAISE US$8.2MILLION VIA CONVERTIBLE NOTES ISSUE

OTTO TO RAISE US$8.2MILLION VIA CONVERTIBLE NOTES ISSUE

May 30, 2017 No Comments

Otto Energy Limited (ASX:OEL) announced it has entered into binding agreements to raise US$8.2 million via an issue of secured convertible notes (‘Issue’). Terms have been agreed with Molton Holdings Limited, a major Otto shareholder, who will subscribe for convertible notes with an aggregate face value of US$8 million and Mr John Jetter, Otto’s Chairman, […]

Production begins at newest FPSO in Brazil Santos Basin

Production begins at newest FPSO in Brazil Santos Basin

May 29, 2017 No Comments

Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announced that deep-water production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos Basin. Positioned in 2,150-metre water depth, the P-66 can process up to 150,000-barrels of oil and 6-million cubic meters […]

BP’s Reports profit of $1,449 million, for the first quarter 2017

BP’s Reports profit of $1,449 million, for the first quarter 2017

May 2, 2017 No Comments

BP’s profit for the first quarter was $1,449 million, compared with a loss of $583 million for the same period in 2016. The first-quarter replacement cost (RC) profit was $1,412 million, compared with a loss of $485 million for the same period in 2016. After adjusting for a net charge for non-operating items of $305 […]

Noble Energy Announces Solid First Quarter 2017 Results

Noble Energy Announces Solid First Quarter 2017 Results

May 2, 2017 No Comments

Noble Energy, Inc. (NYSE:NBL) today announced results for the first quarter of 2017, including net income attributable to Noble Energy of $36 million, or $0.08 per diluted share. An adjusted loss(1) attributable to Noble Energy for the quarter in the amount of $23 million, or $0.05 per diluted share, excludes the impact of certain items […]

ExxonMobil Earns $4 Billion During First Quarter 2017

ExxonMobil Earns $4 Billion During First Quarter 2017

April 28, 2017 No Comments

Exxon Mobil Corporation (NYSE:XOM) today announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity prices, cost management and refining operations. “Our results reflect an increase in commodity prices and highlight our continued focus on controlling costs and operating […]

Amec Foster Wheeler wins BP global engineering services framework contract

Amec Foster Wheeler wins BP global engineering services framework contract

April 7, 2017 No Comments

Amec Foster Wheeler announced that it has been awarded a global framework contract by BP International to provide engineering, procurement support and project management services for pre-FEED (front end engineering and design) and FEED work across a range of projects. The award will allow Amec Foster Wheeler to use its deep experience and culture of […]

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