Hess Corporation (NYSE: HES) today reported a net loss of $6 million, or $0.02 per common share, in the second quarter of 2019, compared with a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $28 million, […]
Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America. Under the agreement, which is subject to customary regulatory approvals by the government of Guyana, Qatar Petroleum will hold 40% of Total’s existing 25% participating interest in the Orinduik block. […]
Yesterday, Eni’s Board of Directors approved the Group results for the second quarter and first half of 2019 (unaudited). Group results Adjusted operating profit: €2.28 billion for the second quarter, down by 11% q-o-q (€4.63 billion in the first half, down by 6%). Excluding the impact of the loss of control over Eni Norge on […]
ExxonMobil said a new partnership with Microsoft will make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies. The application of Microsoft technologies by ExxonMobil’s XTO Energy […]
DNO ASA, the Norwegian oil and gas operator, today announced it replaced 2018 production through additions to reserves, marking the second consecutive year in which the Company’s replacement of proven reserves reached or exceeded 100 percent of production. “DNO’s stellar record of reserves replacement through the drill bit is a result of stepped up spending […]
Neste Engineering Solutions has been awarded the renewal of Borealis Porvoo Aromatics Plant platform covering Advanced Process Control System (APC) with NAPCON Controller. The delivery contains over 20 NAPCON Controller applications, which control and optimize cumene, benzene and, phenol processes of the aromatics plant. Delivery will be made with the recently released version of the […]
INPEX CORPORATION (INPEX) announced today that the INPEX-operated Ichthys LNG Project’s (the Project) has commenced production of gas from the wellhead following the completion of final safety verifications including additional verifications concerning electrical equipment. The produced gas will be gathered within the Central Processing Facility (Ichthys Explorer) where it will be separated into gases and […]
The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said today. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources […]
The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on August 1, […]
Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production capacity of 40,000 barrels per day (b/d), sustaining Pazflor field production, on stream since 2011. Zinia 2 is the first of several […]
