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Aker Solutions Wins Services Contract in Brazil

Aker Solutions Wins Services Contract in Brazil

September 18, 2018 No Comments

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil. The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million and includes an option for a two-year extension. Aker […]

Patriot International – Integrated Solutions to Piping Problems

September 10, 2018 No Comments

Patriot International is provider of special piping equipment and training for the oil, gas and energy sectors. We strive to raise the standards against which others will be judged. We build upon a team of people that have attitude, determination and who will not be afraid to attempt the difficult and in doing so, will […]

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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 […]

Panoro  Announces Oil Discovery at Dussafu, Offshore Gabon

Panoro Announces Oil Discovery at Dussafu, Offshore Gabon

September 5, 2018 No Comments

Panoro Energy (OSE ticker: “PEN”) announced an oil discovery in the Ruche North East Marin-1 (“DRNEM-1”) well drilled in the Dussafu Marin PSC, offshore Gabon. The DRNEM-1 well was drilled to identify additional oil resources in the pre-salt Gamba and Dentale Formations in the greater Ruche area, and completed within budget. These resources may be […]

ENERGY NEWSTRACK TO 23/08/18:

ENERGY NEWSTRACK TO 23/08/18:

August 23, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $71.75 a barrel on Wednesday, 22 August 2018, compared with $71.01 the previous day, according to OPEC Secretariat calculations. 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 Export […]

Eni Extends Lease for Key Assets in Egypt Nile Delta

Eni Extends Lease for Key Assets in Egypt Nile Delta

August 14, 2018 No Comments

Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is located, and the execution of further exploration activities within El Qar’a Exploration Lease (64 km2). These assets are located in the “Great Nooros Area”, […]

Eni Acquires new exploration license offshore Egypt

Eni Acquires new exploration license offshore Egypt

August 14, 2018 No Comments

Eni announced that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities. The exploration license, named “Nour”, is located approximately 50 km offshore in the Eastern Mediterranean, in water depth ranging from 50 to 400 meters, […]

Hess Reports Estimated Results for the 2nd Qtr. 2018

Hess Reports Estimated Results for the 2nd Qtr. 2018

July 25, 2018 No Comments

Hess Corporation (NYSE: HES) today reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017. On an adjusted basis, the Corporation reported an after-tax net loss of $56 […]

Schlumberger Announces Second-Quarter 2018 Results

Schlumberger Announces Second-Quarter 2018 Results

July 23, 2018 No Comments

Revenue of $8.3 billion increased 6% sequentially Pretax operating income of $1.1 billion increased 12% sequentially Second-quarter GAAP EPS, including charges of $0.12 per share, was $0.31 Second-quarter EPS, excluding charges, was $0.43 Cash flow from operations was $987 million Schlumberger Chairman and CEO Paal Kibsgaard commented, “The second quarter was both busy and exciting […]

Tidewater And GulfMark To Merge

Tidewater And GulfMark To Merge

July 17, 2018 No Comments

Tidewater Inc. (NYSE: TDW) (“Tidewater”) and GulfMark Offshore, Inc. (NYSE: GLF) (“GulfMark”) today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement to combine the two companies. This combination, if consummated, will create a global offshore support vessel leader positioned to capitalize on significant cost synergies and superior growth […]

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