Chevron Corporation today reported earnings of $7.8 billion ($3.92 per share – diluted) for the third quarter 2011, compared with $3.8 billion ($1.87 per share – diluted) in the 2010 third quarter. Sales and other operating revenues in the third quarter 2011 were $61 billion, up from $48 billion in
Lamprell, a leading provider of diversified engineering and contracting products and services to the onshore and offshore oil & gas and renewables industry, yesterday held the official inauguration ceremony for its main facility in Hamriyah Free Zone, Sharjah, UAE. The event, under the patronage of
Today (October 28, 2011) a framework agreement which sets out the terms for the planned asset swap to further expand the successful cooperation has been signed in Ludwigshafen by Alexey Miller, Chairman of the Management Committee of OAO Gazprom, and Dr. Kurt Bock, Chairman of the Board of Executive
Aquaterra Energy has been awarded a fourth contract to supply a High Pressure Drilling Riser in as little as 18 months. The multi-million dollar contract firmly secures Aquaterra as the leading Drilling Riser supplier to the offshore industry. A brand new High Pressure Drilling Riser will be supplie
GDF SUEZ E&P Nederland B.V., as the operator, started-up gas production from the G16a-C offshore gas field in the Dutch continental shelf, with a brand new production platform. The G16a-C natural gas field was discovered in 2009 and is located approximately 133 kilometers North East of Den Helder in
China Oilfield Services Limited today announced its unaudited results for the nine months ended 30 September 2011（“the period”）. During the period, the Group boosted its operation capacity in large-scale equipments with four 200-ft jack-up rigs, one semi-submersible rig and one 12-streamer seismic v
A strong cash flow to the government and strong additions to oil and gas reserves are highlights of Petoro’s accounts for the State’s Direct Financial Interest (SDFI) for the third quarter of 2011. Net cash flow in the first nine months was NOK 97.3 billion, up 18.8 bn from the same period last year
Malaysia’s state oil firm Petronas said on Friday it has not changed its policy of awarding licences to companies involved in its oil and gas production areas. Reporting by Niluksi Koswanage (Reuters) [mappress] Source: Reuters, October 28, 2011
In the third quarter of 2011, the technology company The Linde Group built on its good business performance in the first half of the financial year, achieving significant increases in Group sales and Group operating profit in the nine months to 30 September 2011. “We are continuing to make good prog
Santos today announced that it has agreed to sell its entire working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin offshore northern Australia for up to US$350 million to a major international exploration and production company already operating in Australia. Santos will receive a cash co
French oil major Total posted higher quarterly earnings on Friday as stronger crude prices and improved profitability in its refining busine… Reporting By Marie Maitre (Reuters) [mappress] Source: Reuters, October 28, 2011
Tap Oil Limited reported yesterday that Pearl Energy (Pearl), the operator of the Manora offshore field in concession G1/48, Thailand, has defined the field development concept and is finalising its plans for development. As expected, the concept selected involves a Wellhead Processing Platform with
After a period of 15 months, Heerema Marine Contractors (HMC) completed the Block 31 PSVM campaign offshore Angola. HMC’s Deepwater Construction Vessel Balder finished the offshore installation campaign with the safe and successful lay down of the last second end FTA of the last production line. Wit
Leading classification society ABS is further strengthening its ties to the Korean maritime industry by establishing the ABS Korea Energy Technology Center (KETC) in Busan in early 2012. This is ABS’ first energy center and will focus on applied research to a broad range of current and future techno
