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Wednesday, April 16, 2014

Technip Heerema Alliance wins major Kaombo subsea contract offshore Angola
The consortium, comprising Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) and Heerema Marine Contractors (Heerema), was awarded a major lump-sum contract by Total E&P Angola for the engineering, procurement, construction, installation (EPCI) and pre-commissioning f ...
Africa | Wednesday, April 16, 2014
Enteq Upstream provides a year-end trading update
Enteq Upstream plc the oilfield services technology and equipment supplier, today gives a year-end trading update. The Board expects to report adjusted EBITDA of approximately $1.9m on revenues of approximately $24m for the financial year ended 31st March 2014. This is ...
North America | Wednesday, April 16, 2014
Tower Resources: Grant of options and exercise of warrants
Tower Resources plc (TRP.L, TRP LN), the AIM listed Africa focussed oil and gas exploration company, announces the grant of options to an executive director and certain staff and retained consultants. Separately, the Company also announces the exercise of warrants by ce ...
West Europe | Wednesday, April 16, 2014

Tuesday, April 15, 2014

Canadian oil & gas companies endure a tough 2013
2013 was a difficult year for Canada’s biggest oil and gas companies, according to a new analysis of the annual results over the last 5 years for 99 TSX-listed oil and gas companies by CanOils (note 1). Capital expenditures reached record highs for recent periods, ...
North America | Tuesday, April 15, 2014
BP head says Russian business unaffected by sanctions
Western sanctions over Russia's actions in Ukraine have not impacted BP's business in Russia, chief executive Bob Dudley said on Tuesday, reiterating the oil major stands by its Russian investments. Dudley came under pressure at a BP shareholder meeting last we ...
Russia FSU | Tuesday, April 15, 2014
Walking, 'talking' drilling rigs aim to modernize fracking
The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier. Schramm Inc, which built the drilling rig that four years ago helped rescue 33 trapped Chilean copper miners, has designed a 500,000-pound rig for the oi ...
North America | Tuesday, April 15, 2014
Aker Solutions wins contract to deliver subsea production system for Total's Kaombo development in Angola
Aker Solutions won a contract worth NOK 14 billion from Total to provide a subsea production system for the Kaombo Block 32 development in Angola. Aker Solutions will deliver 20 subsea manifolds and 65 vertical subsea wellsets. The order also includes associated contro ...
Africa | Tuesday, April 15, 2014
Mid-Con Energy Partners, LP announces borrowing base increase of $20 million to $170 million
Mid-Con Energy Partners, LP (Nasdaq:MCEP) ("MCEP") announced that it has received lender commitments to increase its borrowing base to $170 million, up 13% from the $150 million in previously established commitments under MCEP's existing $250 million senio ...
North America | Tuesday, April 15, 2014
United Refining Company announces second fiscal quarter net income of $57 million and six months results
United Refining Company, a leading regional refiner and marketer of petroleum products announces operating results for the second fiscal quarter and six month period ended February 28, 2014. Net income for the fiscal quarter ended February 28, 2014 was $57.7 million, a ...
North America | Tuesday, April 15, 2014
CB&I awarded contract for the South Caucasus Pipeline Expansion project
CB&I (NYSE: CBI) today announced it has been awarded a contract valued in excess of $85 million by a consortium led by BP for engineering and project management services for the development of the South Caucasus Pipeline Expansion (SCPX) project, part of the Stage 2 dev ...
North America | Tuesday, April 15, 2014
FMC Technologies awarded $322 million contract for subsea systems for BP's Shah Deniz Stage 2 project
FMC Technologies, Inc. (NYSE: FTI) announced that it has received an order from BP to supply subsea systems for its Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $322 million in revenue. FMC Technologies' scope of supply include ...
Russia FSU | Tuesday, April 15, 2014
Antero Resources provides operations and firm transportation update
Antero Resources (NYSE: AR) announced recent operational highlights and an increase in its firm transportation position. Operating Update All operational figures are as of the date of this release unless otherwise noted. Antero's net daily production for the firs ...
North America | Tuesday, April 15, 2014
Xcite Energy - Shift in funding strategy
Against a challenging industry backdrop, Xcite is seizing the initiative by turning to major service providers to help reduce its capex requirements and make its 257mmboe Bentley project more attractive to farm-in partners. Having announced a plan to agree risk/reward c ...
West Europe | Tuesday, April 15, 2014
Mountainview Energy Ltd. announces significant 2013 year end reserves growth
Mountainview Energy Ltd. (TSXV: MVW) announce significant 2013 year end reserve growth, highlighting success at the 12 Gage Three Forks play, for the year ended December 31, 2013. Selected reserve information is outlined below and should be read in conjunction with Moun ...
North America | Tuesday, April 15, 2014
Wood Group expands operator training and simulation capabilities with acquisition of Cape Software
Wood Group has acquired Cape Software ("Cape"), a Texas provider of simulation software and services for operator training and logic validation for SCADA and DCS industrial control systems used by the oil & gas and other process-based industries. Cape will bec ...
North America | Tuesday, April 15, 2014
China Inc joins the big league in oil and gas services
Global oil companies are increasingly turning to China for services and equipment, attracted by lower costs and a newly acquired expertise that is challenging more established rivals. State-run and privately controlled Chinese rig makers, oil and gas services and engin ...
Asia Far East | Tuesday, April 15, 2014