Results50 articles shown
Keppel O&M to Acquire Cameron's Offshore Rig Business for $100M
Monday, August 31, 2015 Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million.
Primeline, Loyz Extend Deadline to Reach Agreement on Merger
Monday, August 31, 2015 Primeline Energy and Loyz Energy extend deadline to reach agreement for a merger between the two companies.
Russian Oil Firms Raise Profits And Output, Spurred By Rouble Weakness
Friday, August 28, 2015 Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable.
Maurel & Prom Eyes Further Merger After MPI Deal To Cope With Low Oil Price
Friday, August 28, 2015 Maurel & Prom says it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to cope with the impact of a plunge in the oil price.
Lukoil's 2Q Profit Falls
Friday, August 28, 2015 Lukoil's net income of $1.01 billion in the second quarter of 2015 marked a decrease of over 50% compared to the $2.40 billion figure recorded in 2Q 2014.
Icahn Takes Stake in Rout-Beleaguered Freeport-McMoRan
Friday, August 28, 2015 The billions in cutbacks that Freeport-McMoRan has taken in its battle against plunging commodity prices may not be enough for one of its newest shareholders, billionaire activist investor Carl Icahn.
Dyna-Mac Bags $8.5M Fabrication Contract from Singapore-based Firm
Thursday, August 27, 2015 Dyna-Mac Holdings bags an $8.5 million fabrication contract from a Singapore-based company.
NZOG Reports Full Year Net Loss of $4M, Eyes Under-Valued Assets
Thursday, August 27, 2015 New Zealand Oil & Gas reports a full year net loss of $4 million as it seeks to acquire under-valued assets.
Molopo Energy Appoints New Non-Executive Director
Thursday, August 27, 2015 Molopo Energy Limited announces the appointment of a new non-executive director to its board.
McDermott Awarded Record Services Contract by Saudi Aramco
Thursday, August 27, 2015 McDermott International is awarded a record lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia.
OMV Appoints New Executive Board Member
Thursday, August 27, 2015 OMV appoints a new executive board member responsible for upstream, effective September 1, 2015.
PetroChina Profit Dives 63% in First Half
Thursday, August 27, 2015 PetroChina reports a 63% drop in its first-half profit, with earnings upstream taking a hit from lower prices.
Oilfield Giant Schlumberger Buying Houston-based Cameron for $14.8B
Wednesday, August 26, 2015 Schlumberger reaches an agreement to acquire Cameron for a total transaction value of $14.8 billion. Cameron stock skyrockets 41% after transaction announcement.
InterOil Awards PNG Field Connectivity Contract to Speedcast
Wednesday, August 26, 2015 InterOil awards a satellite communications and network services contract for its operations in Papua New Guinea's Gulf province to Speedcast.
CIMC Raffles to Deliver AGOSTO-12 to Coastal Contracts Ahead of Pemex Job
Wednesday, August 26, 2015 CIMC Raffles will deliver AGOSTO-12 jackup gas compression service unit to Malaysia's Coastal Contracts Friday ahead of a long-term charter with Pemex at the Cantarell oil field in the Gulf of Mexico.
BP, Emerson Extend Automation Services Agreement
Wednesday, August 26, 2015 BP and Emerson Process Management ink agreement through which Emerson will provide BP with an expanded scope of automation technologies and expertise.
IGas Appoints New Chief Financial Officer
Wednesday, August 26, 2015 IGas announces the appointment of a new chief financial officer and board director.
Profits At Two Chinese Oil Majors Slump On Low Crude Price
Wednesday, August 26, 2015 Two of China's major oil companies say that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings.
Transocean Suspends Quarterly Dividends For 2015
Tuesday, August 25, 2015 Fighting challenges to battered offshore drilling environment, Transocean halts quarterly dividends for the next two quarters.
Linn Energy Names New CFO
Tuesday, August 25, 2015 Linn Energy names a new chief financial officer to replace Kolja Rockov, who stepped down to pursue other opportunities.
Australia's PPP CEO Tom Prudence Steps Down, Firm Not Seeking Replacement
Tuesday, August 25, 2015 Pan Pacific Petroleum CEO Tom Prudence steps down from post, with company not seeking a replacement.
Oil & Gas UK Appoints 4 New Board Members
Tuesday, August 25, 2015 Oil & Gas UK announces four new appointments to its board of directors.
Petrofac Posts Net Loss of $133M in 1H 2015
Tuesday, August 25, 2015 Petrofac reveals a net loss of $133 million for the six month period ended June 30, 2015.
FOGL: $1.95M Loss in 1H 2015, Humpback Well Delay
Tuesday, August 25, 2015 In its 2015 first half results, Falkland Oil and Gas Limited (FOGL) reveals a $1.95 million loss for the six month period ended June 30, 2015 and announces a delay to the Humpback well program.
Shell and Thai Firms to Develop LNG Terminal in Myanmar's Dawei SEZ
Monday, August 24, 2015 Shell enters deal with Thailand-based companies to develop a liquefied natural gas terminal in Dawei special economic zone in Myanmar.
San Leon Energy Confirms Bid Approach
Monday, August 24, 2015 San Leon Energy's board confirms receiving a bid approach that could lead to an offer being made for the company.
Russia's Novatek to Sell 10% in Yamal to Chinese Fund
Monday, August 24, 2015 Novatek is close to selling a 9.9% stake in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday.
Cobalt Agrees to $1.75B Transaction with Sonangol for Angola Blocks
Monday, August 24, 2015 Cobalt signs an agreement to sell its entire 40% participating interest in blocks 21/09 and 20/11 to Sonangol for $1.75 billion.
Gulf Keystone Appoints New Chief Strategy Officer
Monday, August 24, 2015 Gulf Keystone Petroleum appoints Nadhim Zahawi as its chief strategy officer.
GE Cutting 262 More Lufkin Oil Unit Jobs in Texas
Monday, August 24, 2015 General Electric says it was cutting 262 more jobs at its Lufkin oil unit in Texas and closing a foundry as it grapples with the plunge in global oil prices.
Australia's AWE Posts Underlying Net Loss After Tax of $37.52M
Monday, August 24, 2015 Australia's AWE posts an underlying net loss of $37.52 million for financial year 2014-2015 ending June 30.
DSME Delivers Songa Endurance Semisub
Monday, August 24, 2015 Daewoo Shipbuilding & Marine Engineering delivers Songa Endurance semisub to Songa Offshore, with the newbuild to head for Norway's Troll field soon to commence a contract with Statoil.
Azonto Petroleum Completes Vioco Sale for $4M
Friday, August 21, 2015 Azonto Petroleum completes the sale of its 35% stake in Vioco Petroleum Limited, to Vitol E&P Limited, for $4 million.
Fluor, COOEC Establish New Fabrication Joint Venture in China
Friday, August 21, 2015 Fluor and COOEC form a new fabrication joint venture in China.
Otto Marine's Newbuild Work Maintenance Vessel Prepares for SEA Charter
Friday, August 21, 2015 Otto Marine accepts delivery of a work maintenance vessel that was built in China, with the newbuild to commence a charter in Southeast Asia soon.
India to Sell $1.5B of Indian Oil Shares on Monday
Friday, August 21, 2015 India's government says it plans to sell a 10-percent stake in top state-run refiner Indian Oil Corporation via a stock market auction on Monday.
Santos CEO Knox Stepping Down Stokes Takeover Speculation
Friday, August 21, 2015 Santos CEO David Knox is stepping down as a slide in crude prices increases pressure on the Australian oil producer, stoking speculation it could become a takeover target.
Prosafe SE: Robust Short-Term Outlook, Optimistic About Long-Term
Friday, August 21, 2015 Prosafe SE offers a "robust" short-term outlook and is optimistic about long-term market conditions.
Peru Gives Canadian Firm Two-Year Contract for Biggest Oil Block
Friday, August 21, 2015 Peru negotiates a two-year deal with Canada's Pacific Exploration and Production Corp to operate and develop the country's biggest oil block, according to state regulator Perupetro.
Russia's Eurasia Drilling Says 1H Net Profit Halves
Thursday, August 20, 2015 Russia's Eurasia Drilling reports a halving of its first-half net profit on a weak rouble, low oil prices and lower demand from its chief customer, Lukoil.
Premier Oil Posts Robust First-Half Results
Thursday, August 20, 2015 Results from Premier Oil show it move from a profit to loss but the firm's first-half performance were judged 'solid' by analysts.
Panoro Energy Reports $34.13M Operating Loss
Thursday, August 20, 2015 Panoro Energy announces a $34.13 million operating loss at the EBIT level, during the second quarter of 2015.
Iraqi PM Visits Lukoil's West Qurna-2 Field
Thursday, August 20, 2015 Iraqi Prime Minister Haider Al-Abadi makes a visit to the Lukoil-operated West Qurna-2 oilfield.
Norwegian Oil Firm DNO Says Keen on Iran Entry
Thursday, August 20, 2015 Norway's DNO, which has operations across the Middle East, wants to do business in Iran if sanctions against the country are lifted as planned.
Origin Slumps as Oil's Plunge Threatens LNG Project Returns
Thursday, August 20, 2015 Origin Energy heads for its biggest decline in 15 years in Sydney after the utility turned to a full-year loss and said the plunge in oil prices could significantly reduce the contribution from its liquefied natural gas project.
DSME Terminates Building Contract for Cobalt Explorer Drillship
Thursday, August 20, 2015 Daewoo Shipbuilding and Marine Engineering terminates a construction contract for Cobalt Explorer drillship.
Rex International Holding Cuts Capex, Focuses on Oman and Norway Assets
Thursday, August 20, 2015 Singapore-listed Rex International Holding cuts capital investments and focus on key assets in Oman and Norway as it adapts to lower oil prices.
EnQuest Reports 'Solid' First-Half Results
Wednesday, August 19, 2015 Analysts judge EnQuest's first-half results, which included a 20.2-percent decrease in EBITDA profit, as 'solid' amid the lower oil price.
Ultra Deep Group Signs Contract to Build Multipurpose DSCV
Wednesday, August 19, 2015 Ultra Deep Group secures a contract with China Merchants Heavy Industry to build an Ultra Deep Installer Multipurpose Diving Support Construction Vessel.
Summer NAPE Driving Oil, Gas Deal Pace
Wednesday, August 19, 2015 Upstream Houston conference works to raise industry hopes and momentum.
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|Brent Crude Oil :||$50.05/BBL||5.23%|
|Light Crude Oil :||$45.22/BBL||6.25%|
|Natural Gas :||$2.72/MMBtu||3.42%|
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