Archives April 2015

Apr
30
2015

ExxonMobil 1Q earning down 46% year-over-year

ExxonMobil Corp. reported first-quarter earnings of $4.9 billion, down from $9.1 billion during first-quarter 2014 due in part by upstream losses in the US. The total, however, exceeded analyst expectations. …read more Source: Oil Gas Journal   

Apr
30
2015

PDO signs $600 million contract for small fields in Oman

Petroleum Development Oman reported signing a $600 million contract to continue developing 18 small and marginal fields in southern Oman. …read more Source: Oil Gas Journal   

Apr
30
2015

Oil production starts from Kizomba Satellites Phase 2 offshore Angola

Esso Exploration Angola (Block 15) Ltd., a subsidiary of ExxonMobil Corp., has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project, 150 km offshore Angola in 1,350 m of water. …read more Source: Oil Gas Journal   

Apr
29
2015

Hess reports 1Q net loss of $389 million, trims budget

Hess Corp. reported a net loss of $389 million during the first quarter compared with net income of $386 million in first-quarter 2014. An adjusted net loss of $279 million was down from an adjusted net income of $446 million in first-quarter 2014. …read more Source: Oil Gas Journal   

Apr
29
2015

BP starts 7-year West of Shetland drilling program

BP PLC, on behalf of the Schiehallion co-venturers Royal Dutch Shell PLC and OMV AG, reported the start of drilling in Loyal field by Odfjell Drilling’s newbuild Deepsea Aberdeen semisubmersible rig, marking the start of a 7-year drilling campaign west of Shetland. …read more Source: Oil Gas Journal   

Apr
29
2015

Cinguvu production starts offshore Angola

Production has begun from deepwater Cinguvu oil field, the second field to be brought onstream at the West Hub project on Block 15/06 offshore Angola. …read more Source: Oil Gas Journal   

Apr
28
2015

Total’s 1Q profit down 22%

Total SA reported a first-quarter adjusted net income of $2.6 billion, down 22% from $3.3 billion during first-quarter 2014, citing a 50% decrease in Brent crude oil prices since last year. …read more Source: Oil Gas Journal   

Apr
28
2015

Goliat platform floated off south of Hammerfest

The massive Goliat cylindrical floating production, storage, and offloading vessel—which arrived in Hammerfest, Norway, on Apr. 17 after a 63-day voyage covering 15,608 nautical miles, has been successfully floated off from the Dockwise Vanguard heavy transport vessel. …read more Source: Oil Gas Journal   

Apr
28
2015

BLM seeks comments on QEP’s proposed gas, helium processing project

The US Bureau of Land Management is seeking public comments on QEP Resources Inc.’s plans to build a natural gas and helium processing plant in the Dry Piney Creek area 10 miles northwest of LaBarge, Wyo. Information received will be used to help prepare an environmental assessment of the proposed project, BLM’s Pinedale field office […]

Apr
27
2015

Colorado joins two other states in lawsuit against BLM’s fracturing regs

Colorado state officials joined the states of Wyoming and North Dakota in a lawsuit questioning the US Bureau of Land Management’s new rules for hydraulic fracturing for onshore drilling on tribal and federal public lands. …read more Source: Oil Gas Journal   

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