Offshore Energy

Fugro Wins BG Honduras Contract

  Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder survey and seabed coring campaign

Tumbling Prices Slam Profit at Exxon Mobil, Chevron

Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

OPEC Output Hits New High in Market Share Push

OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign

Chevron Q2 Profit Plunges 90 Percent

Oil producer Chevron Corp reported a 90 percent drop in second-quarter profit on Friday as falling oil prices eroded results. The company posted net income of $571 million,

Exxon Q2 Profit Slips on Low Prices

Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a 52 percent slide in second-quarter profit as tumbling crude oil prices weighed on results.

Options Market Bets See Oil Price Dip

Options show oil more likely to fall in 2015; market readjusting to expectation of long-term glut. OPEC policymakers seem confident in a sustained recovery of

NOIA Applauds Senate Passage of OPENS Act

NOIA President Randall Luthi issued the following statement on the Senate Energy and Natural Resources Committee’s passage of the OPENS Act, which will open new

Shell Moves Ahead in Arctic with Exploratory Well

Shell Oil's icebreaker MSV Fennica weaved through nine remaining protesters hanging from the St. Johns Bridge and made its way toward the Pacific Ocean.   Authorities

OPEC: Oil Shouldn't Fall Further, Sees Stability in 2016

OPEC expects increasing oil demand to prevent a further fall in prices and sees a more balanced market in 2016, its secretary-general said on Thursday, the latest

Activists Block Shell's Arctic Drilling Quest

Greenpeace protestors dangling from a bridge on Thursday in Portland, Oregon, halted an icebreaker that Royal Dutch Shell needs in northern Alaska before it can

Brazil: Former Petrobras Executive Favored Saipem

Prosecutors in Brazil said on Wednesday former Petrobras executive Renato Duque had unfairly favored Italy's Saipem SpA on a contract for an undersea gas pipeline

Eni Mulls Mozambique LNG Supply Deal

Italian oil and gas group Eni is holding discussions with a potential buyer of liquefied natural gas (LNG) supply from its floating export project in Mozambique, an executive said on Thursday.

Brent Rises on U.S. Crude Stock Decline

U.S. crude stocks down sharply; weekly U.S. production falls. Oil prices rose on Thursday after a larger-than-expected draw in U.S. crude and gasoline stocks and figures showing a decline in U.

Repsol: Talisman Acquisition Allows CapEx

Spain's Repsol said on Thursday it would maintain exploration capex at around $4.5 billion this year and next thanks to the addition of Talisman, contrasting with

Rosneft, Exxon Jointly Bid for Mozambique Tender

Russia's Rosneft and U.S. ExxonMobil have jointly applied for taking part in a tender for hydrocarbon fields in Mozambique, Rosneft said in a statement on Thursday.

Shell May Shed North Sea Assets after BG Deal

Royal Dutch Shell will "take a good look" at selling North Sea assets after its planned acquisition of BG Group next year, Shell's Chief Executive Officer Ben van Beurden said on Thursday.

Conoco Beats Street, Cuts CapEx

ConocoPhillips, the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital

Wood Group Bags FEED Contract from Woodside

  Wood Group has secured a new contract to carry out front-end engineering and design (FEED) for the Woodside operated proposed Browse Floating Liquefied Natural Gas (FLNG) Development,

Aqueos Adds Manager for Special Projects

Aqueos Corporation, a provider of subsea services to the Gulf of Mexico and Pacific Coast, has appointed Jason Brink to the position of Project Manager-Special Projects, the company announced today.

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