Companies
2015, July, 30, 19:10:00
SAIPEM CUTS 8,800
Italian services firm Saipem said Tuesday it will cut 8,800 jobs during the next two years after booking about $1 billion in write downs in the second quarter and slashing its annual guidance.
2015, July, 30, 19:05:00
BP DOWN $6.3 BLN
BP swung to a $6.3 billion second quarter loss on Tuesday after write downs tied to the ongoing conflict in Libya and the company’s recent Deepwater Horizon settlement.
2015, July, 30, 19:00:00
WEATHERFORD CUTS 11,000
Weatherford International boosted its headcount reduction target by 1,000 on Thursday to 11,000 positions.
2015, July, 17, 12:40:00
SHELL EXPECTS $90
The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption in its move to buy rival BG Group (BG.L) for $70 billion to help transform it into a leading player in the costly deepwater oil production and liquefied natural gas (LNG) markets.
2015, July, 17, 00:35:00
SCHLUMBERGER DOWN 30%
Schlumberger Ltd.'s second-quarter earnings fell 30% on plunging revenue, as the oil-services sector continues to grapple with weak oil prices.
2015, July, 16, 19:30:00
OIL PRICES HAVE TIGHTENED
Low oil prices have tightened the screws on some of the most depleted and costly oilfields in Britain's North Sea, forcing operators to cease production earlier than planned and adding to fears of a domino effect in mature areas.
2015, July, 16, 19:25:00
GAS: FROM RUSSIA WITH LOVE
For many years, Russia has advocated that the frequent gas interruptions are the fault of transit states such as Ukraine, whom the Kremlin sees as unreliable. As a result, Gazprom rolled out several pipeline projects that would bypass Ukraine altogether and provide a direct route to its customer base in Europe.
2015, July, 16, 19:20:00
AUSTRALIA BEGINS DRILLING
Falcon Oil & Gas Ltd. is pleased to announce the spudding of the Kalala S-1 well in the Beetaloo Basin, Australia. Kalala S-1 is the first of Falcon's fully funded and uncapped, 2015 three well drilling and evaluation programme in the Beetaloo Basin. The 2015 three well programme is the commencement of a nine well exploration and appraisal programme planned from 2015 to 2018.
2015, July, 15, 19:25:00
ROSNEFT & STATOIL PARTNERSHIP
Russia’s Rosneft and Norway’s Statoil completed drilling works as part of the Pilot Project at the PK1 layer of the North-Komsomolskoye field in Purovsky and Nadymsky regions of Yamalo-Nenets Autonomous District.
2015, July, 9, 19:25:00
ENI STARTED PERLA
Eni has started production of the giant gas field Perla, located in the Gulf of Venezuela, 50 kilometers offshore. The first production well has been opened and is currently in the clean-up phase.
2015, July, 9, 19:20:00
SHELL NEEDS ARCTIC
Royal Dutch Shell PLC is days away from drilling in the Arctic Ocean—betting it can find enough oil to justify the huge risks that keep almost every other competitor out of those icy waters.
2015, July, 9, 19:15:00
ROSNEFT & ESSAR SUPPLIES
Rosneft Chairman of the Management Board and Essar Group Founder Shashi Ruia signed a long-term contract for oil supplies for the purpose of refining at the Vadinar refinery (India).
2015, July, 9, 19:05:00
TECHNIP WILL REDUCE 6,000
Technip will reduce its global workforce by 6,000 employees and accelerate cost reduction and efficiency in “anticipation of an even more challenging environment in oil and gas.”
2015, July, 8, 19:20:00
NORD STREAM II
Running from Russia to Germany under the Baltic Sea, Nord Stream I is an export gas pipeline with an annual capacity of 55 billion cubic meters. Nord Stream AG is the project operator (Gazprom holds 51 per cent, Wintershall and E.ON – 15.5 per cent and ENGIE – 9 per cent).
2015, July, 8, 19:15:00
ROSNEFT & EGYPT DELIVERIES
The implementation of the terms of the signed document will allow Rosneft to access the high growth potential Egyptian gas market and deepen broader cooperation between the two companies. In addition the cooperation with EGAS will allow Rosneft to strengthen its position in the global LNG trading market.