Sempra Energy reported third-quarter 2015 earnings of $248 million compared with $348 million in last year’s third quarter.
Rowan Companies, a Houston-based offshore drilling contractor, has reported a net loss of $239.4 million for the three months ended September 30, 2015, as opposed to a profit of $119.6 million made in the corresponding period last year. According to the drilling contractor, the current quarter inclu
The outlook for the global shipping industry is stable, according to Moody’s Japan K.K., reflecting expectations for low single-digit percentage aggregate year-over-year EBITDA growth for its rated shipping companies during the coming 12-18 months. “This growth rate is lower than the mid-to-high sin
The Reserve Bank of India informed that foreign institutional investors can invest up to 30 per cent of the paid up capital of Petronet LNG under the portfolio investment scheme.
Dutch marine engineering firm Fugro will lay off hundreds of workers in the coming quarters. The company is trying to keep its expenses at bay due to a deteriorating market situation in the oil and gas market, caused by low oil prices. The oil and gas market makes up an estimated 78 percent of Fugro
Newfoundland and Labrador’s Department of Natural Resources on Monday announced the framework for the Provincial Government’s enhanced generic offshore oil royalty regime. As explained by the Government of Newfoundland and Labrador, the province has offshore royalty regulations in place; however, th
Greek ferry workers are staging a two-day warning strike that started on Monday to voice their opposition to growing austerity measures, pension cuts, unemployment and privatization of the country’s ports, following a call issued on Thursday by Panhellenic Seamen’s Federation. The strike continues t
Shell said on Tuesday that its US$70 billion bid for BG will still work with oil prices in the mid-$60s a barrel as it expects higher synergies. “Shell has been able to de-risk its initial synergy estimates and increase the expected level of identified and reported on pre-tax synergies from $2.5 bil
This morning, RWE informed that the first steel for the topside of Galloper’s offshore substation is being cut in Hartlepool, marking the official kick-off of the construction phase. RWE announced the construction start when the final investment decision was made at the end of the last month. The 33
Royal Dutch Shell appointed Maarten Wetselaar Integrated Gas director with effect from January 1st, 2016.
Oil and gas giant Chevron is still targeting first LNG cargo from its US$29 billion Wheatstone project in Australia by the end of 2016.
Brazil’s largest oil union began an open-ended strike on Sunday, protesting against attempts by the government to shrink the state-run oil company Petrobras
Searcher Seismic, an independent multi-client company, has announced the start of the Haere 2D seismic survey, offshore Papua New Guinea. The survey, in cooperation with the Department of Petroleum and Energy (DPE) and project partner BGP, comprises ~17,000 km of 2D long-offset, high resolution, bro
SgurrEnergy, renewable energy consultancy, has supported the Galloper offshore wind farm, which will be located 27km off the coast of Suffolk and generate up to 336MW, to reach financial close. SgurrEnergy, a Wood Group company, conducted technical due diligence providing initial bankability feedbac
