offshore

Offshore activity pickup expected going forward: Schlumberger, Baker Hughes/GE CEOs

23 hours ago DieselGasoil Comments Off on Offshore activity pickup expected going forward: Schlumberger, Baker Hughes/GE CEOs
Highlights Development still dominates offshore sector, but more exploration seen Offshore exploration, drilling spend should be up 12% this year: Schlumberger More offshore production orders seen in 2018-2019: Baker Hughes CEO Houston — Schlumberger and Baker Hughes both see pickups in the lagging offshore sector going forward, their CEOs said Friday, adding that three years Read More

Lukoil takes FID on Rakushechnoye project, in the Caspian Sea

23 hours ago DieselGasoil Comments Off on Lukoil takes FID on Rakushechnoye project, in the Caspian Sea
7/20/2018 MOSCOW — Lukoil took the final investment decision on the Rakushechnoye field development project in the Caspian Sea. The field infrastructure under the taken decision includes a fixed offshore ice-resistant platform, a living quarters platform, a crossover bridge, as well as subsea interfield pipelines and cable lines for the connection with the second fixed Read More

GE beats on EPS, but trims cash flow target, shares fall

1 day ago DieselGasoil Comments Off on GE beats on EPS, but trims cash flow target, shares fall
(Reuters) – General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its outlook for the year and sending shares sharply lower. The 126-year-old industrial conglomerate, whose power and financial-services units are struggling, said it expects to generate perhaps $1 billion less free cash flow Read More

Schlumberger, Baker Hughes cruise oil exploration “upcycle”

1 day ago DieselGasoil Comments Off on Schlumberger, Baker Hughes cruise oil exploration “upcycle”
By David Wethe on 7/20/2018 HOUSTON (Bloomberg) — Schlumberger Ltd., the world’s biggest oilfield services company, and No. 3 Baker Hughes have their sights set in different directions as they move into the second-half of 2018. Schlumberger is accelerating sales in North America faster than any other region as it battles fracing king Halliburton Co. Read More

UK Forties crude set for disruption on Total workers' strike

1 day ago DieselGasoil Comments Off on UK Forties crude set for disruption on Total workers' strike
London — Crude oil futures were edging between gains and losses on Friday morning in Europe, as the market searched for direction amid comments from Saudi Arabia that the producer will not flood the market with oil as production cuts ease and the end of the Norwegian oil field workers strike. Not registered? Receive daily Read More

SAExploration Announces Entry of Sale Order and Agreement for Bridge Financing to Fund Geokinetics Asset Acquisition

1 day ago DieselGasoil Comments Off on SAExploration Announces Entry of Sale Order and Agreement for Bridge Financing to Fund Geokinetics Asset Acquisition
HOUSTON, July 20, 2018 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCBB:SAEXW) today announced that the United States Bankruptcy Court for the Southern District of Texas, Houston Division, entered an order approving the previously announced Asset Purchase Agreement, dated June 26, 2018, between its wholly owned subsidiary, SAExploration, Inc. (“SAE” or the “Company”), and Geokinetics, Read More

Crude broadly steady as Saudi Arabia reassures market; Brent at $72.53/b, WTI $69.54/b

1 day ago DieselGasoil Comments Off on Crude broadly steady as Saudi Arabia reassures market; Brent at $72.53/b, WTI $69.54/b
Crude oil futures were edging between gains and losses on Friday morning in Europe, as the market searched for direction amid comments from Saudi Arabia that the producer will not flood the market with oil as production cuts ease and the end of the Norwegian oil field workers strike. Not registered? Receive daily email alerts, Read More

Analysis: BHP's presence in Asian sweet crude market may diminish

1 day ago DieselGasoil Comments Off on Analysis: BHP's presence in Asian sweet crude market may diminish
Highlights Plans to exit US assets, may no longer offer Eagle Ford to Asia Pyrenees crude production on halt due to H2 maintenance North West Shelf condensate keeps BHP in Asian spot market Singapore — Anglo-Australian mining giant BHP’s influence in the Asian sweet crude market could rapidly diminish in the coming quarters as the Read More

Providence Resources P.l.c. : TECHNICAL UPDATE FRONTIER EXPLORATION LICENCE 3/04 DUNQUIN SOUTH

1 day ago DieselGasoil Comments Off on Providence Resources P.l.c. : TECHNICAL UPDATE FRONTIER EXPLORATION LICENCE 3/04 DUNQUIN SOUTH
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION   TECHNICAL UPDATE FRONTIER EXPLORATION LICENCE 3/04 DUNQUIN SOUTH   2017 3D SEISMIC DATA RECEIVED AND INITIAL EVALUATION COMPLETE  INTERPRETATION CONFIRMS THE PRESENCE OF THE LARGE DUNQUIN SOUTH PROSPECT  LARGE POTENTIAL BREACH POINT IMAGED OVER DUNQUIN NORTH PROSPECT  INTERNAL SEISMIC REFLECTIVITY AND VELOCITIES INDICATE DUNQUIN RIDGE TO BE OF SEDIMENTARY Read More

DNO Reports Payment for Tawke Deliveries

1 day ago DieselGasoil Comments Off on DNO Reports Payment for Tawke Deliveries
Oslo, 20 July 2018 – DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 62.33 million as payment for April 2018 crude oil deliveries to the export market from the Tawke license in the Kurdistan region of Iraq. The funds will be shared by DNO and partner Genel Energy plc pro-rata to Read More