Hornbeck Offshore Ride High on Q2 2014 Results

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts

Crowley Maritime Open Singapore Office

Crowley Maritime Corp. says it has opened a full-service project management and logistics solutions office in Singapore under the leadership of industry veteran William Hill.

BOEM Extends O&G Lease Comment Period

The Bureau of Ocean Energy Management (BOEM) is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the

Ecopetrol Starts GoM Production with Murphy Oil

Colombia's state-run oil company, Ecopetrol, said on Wednesday it has begun producing crude oil from two Dalmatian field wells in the Gulf of Mexico operated by

Rosneft Expands Deal with North Atlantic Drilling

Russia's top oil producer Rosneft and North Atlantic Drilling have entered into a drilling agreement worth up to $4.25 billion, in line with a previous agreement

Mobil Nigeria More Than Doubles H1 Pretax Profit

Fuel marketer Mobil Nigeria , a local unit of ExxonMobil said on Wednesday its half year to June pre-tax profit more than doubled to 6.15 billion naira ($38.01 million), compared with 2.

Total E&P is First to Use FROG-XT4

Total E&P is the first to use Reflex Marine’s newly developed FROG-XT4 on the Odudu field in Nigeria. The French operator purchased the crew transfer device

Total stops buying Novatek shares after MH17 shot down

Q2 net adj profit down 12 pct to $3.15 bln; Yamal development operations continuing, review in August. Total: impact of Russia sanctions on Yamal LNG uncertain.

Nevzlin Unlikely to Leave Yukos Fight

Nevzlin was partner with Khodorkovsky in Yukos; has said he will fight if Russia resists paying $50 bln claim. Former Yukos executive and top shareholder Leonid

Statoil Planning Asset Sales

Norwegian oil and gas firm Statoil is working on several potential deals to sell assets to reduce capital commitments and realise investment profits, business daily

OPEC Output Up on Libyan Rebound

Supply rises by 140,000 bpd, led by Libya; output falls in Iraq, edges lower in Iran. OPEC output close to supply target of 30 million bpd. OPEC's oil production rose in July from June,

Hess Quarterly Profit Drops 35 Percent

Hess Corp, which produces oil in North Dakota, Iraq and Ghana, said on Wednesday its quarterly profit fell 35 percent after it sold off operations to focus on core exploration and production projects.

New Standard gets Revised Program for Cooper Basin Approved

  New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program,

Rosneft & PDVSA Sign Multiple Deals

  Rosneft President and Chairman of the Management Board Igor Sechin and Venezuelan Minister of Petroleum and Mining and PDVSA President Rafael Ramirez signed

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

Global Nuclear Power Falls to Lowest Level Since 1980s

Atomic power's share of global electricity supply is at the lowest level since the 1980s following the shutdown of Japan's reactors after the Fukushima disaster,

Talisman Energy Posts Surprise Loss

Talisman Energy Inc, Canada's fifth-largest independent petroleum producer, reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.

National Oilwell Profit Beats Street, Rig Margins Up

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a better-than-expected rise in profit for the fourth quarter in a row due to

Yukos Shareholders Ready for $50 bln Compensation Talks

Shareholders of former Russian oil producer Yukos are ready to discuss with Russia a court's decision to award them $50 billion in compensation, Tim Osborne, director of holding company GML,

RAstar 3900 Ship-Handling Tug for Ningbo Port

  A new Ship-Handling tug, Yong Gang Tuo 31, was delivered to its owner Ningbo Port Company Limited in early July 2014. The vessel was constructed at Jiangsu Zhenjiang Shipyard (Group) Co.

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