RSS Feed courtesy of Energy-Pedia


23 July, 2017

Schlumberger announces second-quarter 2017 results

Schlumberger on Friday reported results for the second quarter of 2017. Second-quarter revenue increased 8% sequentially while pretax operating income rose by 25%, resulting in earnings per share growth of 40%.

23 July, 2017

Mexico sets Jan. 31 for next deep-water oil and gas tenders - update

Mexico's oil regulator, the National Hydrocarbons Commission, has set Jan. 31 2018 as the date for the next round of auctions for deep-water oil and gas tenders in the Gulf of Mexico.

23 July, 2017

Encana delivers strong second quarter results

Encana's performance through the second quarter has put the company well ahead in the first year of its five-year plan. Driven by strong oil and condensate growth, an increasingly liquids-weighted portfolio and lower costs, Encana significantly expanded its non-GAAP corporate margin.

21 July, 2017

UK: Maersk Oil completes Culzean jacket installation

The Maersk Oil operated high pressure, high temperature (HPHT) Culzean development in the UK North Sea has reached a key milestone with the safe installation of all three of the project’s jackets, on time and on budget.

21 July, 2017

US: Magnolia Petroleum divests North Dakota and Oklahoma wells

AIM-listed Magnolia Petroleum has announced the divestment of 19 new wells in North Dakota and Oklahoma via two separate transactions for a total of US$411,000.

21 July, 2017

UK: Eni admits causing beach tar balls and oil spillage

Eni has admitted responsibility for an oil spill which closed part of the Lancashire coast. Eni UK said fluids were released from its Oil Storage Installation in Liverpool Bay on 10 July.

21 July, 2017

Brazil: Subsea 7 awarded contract extensions offshore Brazil

Subsea 7 has announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil. The extensions have a combined value of approx. USD 250 million.

21 July, 2017

Morocco: Sound Energy provides Eastern Morocco update post OGIF acquisition

Sound Energy has provided an update on its Eastern Morocco acreage post the OGIF acquisition, which is expected to complete shortly, and the recently initiated regional geophysical programme.

21 July, 2017

Schlumberger announces agreement to acquire majority share in Eurasia Drilling Company

Schlumberger has announced an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company. The agreement extends the successful long-term relationship established by the two companies in 2011.