Exxon Mobil today announced that its third quarter earnings of $10.3 billion were up 41% from the third quarter of 2010, reflecting higher crude oil and natural gas realizations and improved refining margins. Earnings for the first nine months of 2011 were $31.7 billion, up 49% over the first nine m
Sterling Resources Ltd. announced , in response to statements made yesterday by the Ministry of the Economy, Trade and Business Environment (MECMA) in Bucharest Romania, that the Company has reached agreement with the Government of Romania on a package of issues that will resolve the notice of dispu
EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group), today announces that its subsea construction division, EMAS AMC, has been awarded a contract by BP Exploration
Fugro OSAE GmbH has been awarded a € 2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey is part of the MAREANO project and will encompass an area over 12,000km² in the Barents Sea. The area is located 200km offshore in the northern-most part of Norway, n
The Republic of Azerbaijan and the Republic of Turkey have signed a number of key gas export related agreements to enable Turkey to buy gas from Azerbaijan and to transit Azerbaijan gas through Turkey to Europe. The documents signed in Izmir (Turkey) on Tuesday, October 25, included an Intergovernme
Chevron Corp. today announced further drilling success by its Australian subsidiary in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin. The Acme West-1 well encountered approximately 377 ft (115m) of net gas pay, while Acme West-2 well encountered 184 ft (56m) o
European Union regulators proposed stricter safety standards for offshore oil and natural-gas exploration to curb the risk of a major accide… By Ewa Krukowska (Businessweek) [mappress] Source:Businessweek , October 27, 2011;
Inocean will be assisting Statoil in a concept study for the development of the Bressay Field in the UK sector of the North Sea, west of Norway’s Frigg Field. Statoil acquired operatorship of the Bressay and the neighboring field Mariner in 2007 as a link in its involvement with offshore heavy oil.
Hercules Offshore, Inc. today reported a loss from continuing operations of $17.0 million, or $0.12 per diluted share, on revenue of $163.0 million for the third quarter 2011, compared with a loss from continuing operations of $16.1 million, or $0.14 per diluted share, on revenue of $157.6 million f
French oil services group Technip shrugged off global economic uncertainty on Thursday as it unveiled forecast-beating quarterly results and… By Marie Maitre (Reuters) [mappress] Source:Reuters , October 27, 2011
Nexen Petroleum UK Ltd., a subsidiary of Nexen Inc., announced today it has received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Golden Eagle area development – a GBP 2 billion (C$3.3 billion) investment (GBP 750 million net to Nexen) that is expected to p
Nord Stream today confirmed it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for
Eni announces results for the third quarter and the nine months of 2011. Adjusted operating profit: €4.61 billion in the quarter (up 12%); €13.71 billion in the nine months (up 9%); Hydrocarbon production still affected by the Libyan disruptions: down by 13.6% inthe third quarter of 2011 to 1.47 mmb
South Korea’s STX Group is considering selling a 51 percent stake its European unit holds in STX OSV Holdings Ltd , a Singapore-listed offsh… By Ju-min Park and Hyunjoo Jin (Reuters) [mappress] Source: Reuters, October 27, 2011;
