newszine

Helmerich & Payne, Inc. Announces Fourth Quarter & Fiscal Year End Results

2 hours ago DieselGasoil Comments Off on Helmerich & Payne, Inc. Announces Fourth Quarter & Fiscal Year End Results
Quarterly U.S. Land revenue days (activity) increased approximately 6% H&P’s spot pricing in the U.S. land market increased by approximately 25% during fiscal 2018; roughly 5% during the fourth fiscal quarter Quarterly U.S. Land adjusted average rig revenue increased by more than $900(1) per day, up 4% sequentially H&P upgraded/converted 54 FlexRigs® to super-spec(2) capacity Read More

BHGE and GE announce a series of long-term agreements

2 hours ago DieselGasoil Comments Off on BHGE and GE announce a series of long-term agreements
11/15/2018 Photo: BHGE. HOUSTON & BOSTON — Baker Hughes, a GE company and General Electric Company jointly announced the entry into a series of long-term agreements that amend the commercial and technological relationships between the two companies. The Agreements focus on: Long-term collaboration on critical rotating equipment, including aeroderivative and heavy-duty gas turbine technology. BHGE Read More

Offshore reserves could provide $1.6 billion in tax revenues for South Carolina

3 hours ago DieselGasoil Comments Off on Offshore reserves could provide $1.6 billion in tax revenues for South Carolina
11/15/2018 COLUMBIA, S.C. — The South Carolina Petroleum Council has released a new study showing that South Carolina’s economy could benefit from nearly $1.6 billion in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS). “This new study on the tax generating benefits of offshore activity underscores the fact Read More

US Interior moves toward Arctic offshore oil and gas sale in 2019

7 hours ago DieselGasoil Comments Off on US Interior moves toward Arctic offshore oil and gas sale in 2019
Highlights Commercial interest severely limited Trump administration focused on boosting Alaska output Industry focus is on expanding drilling in Gulf of Mexico Washington DC — The US Department of Interior said Thursday it was preparing an environmental impact statement for a 2019 lease sale that would open as much as 65 million acres of federal Read More

McDermott wins contract for GOM field development

9 hours ago DieselGasoil Comments Off on McDermott wins contract for GOM field development
11/15/2018 HOUSTON — McDermott International was awarded a contract for concept and engineering services for Talos Energy for the Zama field project. The development is the first offshore Mexico block awarded to a private operator. The contract is for engineering services, including concept selection and follow-on pre-FEED.  McDermott will execute this contract award with io Read More

Natural gas skyrockets as China pledges huge supply boost

10 hours ago DieselGasoil Comments Off on Natural gas skyrockets as China pledges huge supply boost
With an eye on last winter’s natural gas supply debacle, Chinese state-owned energy giant CNOOC has pledged a 20 percent rise in gas supply, the company said on Tuesday. The company, one of three state-run oil majors, said that it will supply 24.6 billion cubic meters (bcm) of natural gas during the heating season that Read More

China's CNOOC Huizhou trims Nov oil product exports on tight quotas

15 hours ago DieselGasoil Comments Off on China's CNOOC Huizhou trims Nov oil product exports on tight quotas
Singapore — State-owned China National Offshore Oil Corporation plans to export just 110,000 mt of jet fuel from its 22 million mt/year (440,000 b/d) Huizhou Refinery in November, a Refinery source said this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is down from its planned oil Read More

PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan

16 hours ago DieselGasoil Comments Off on PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan
November 15, 2018; Oslo, Norway: PGS has as part of a tender process offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (“JOGMEC”) an incorporated administrative agency of Ministry of Economy Trade and Industry. PGS has now been informed that the Company is the preferred tenderer, and negotiations will Read More

NXT Energy Solutions Announces 2018 Third Quarter Results

22 hours ago DieselGasoil Comments Off on NXT Energy Solutions Announces 2018 Third Quarter Results
CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced the Company’s financial and operating results for the quarter-ended September 30, 2018.  All dollar amounts herein are in Canadian Dollars. Q3 Financial and Operating Highlights Key financial and operational highlights for the Read More