Expro marks major milestone with $2billion order book
Expro today confirmed its order book hit the $2billion mark.
Markets
Senergy wins additional Cygnus work
Senergy’s Survey & GeoEngineering (Senergy S&G) group was awarded a major contract to support GDF SUEZ E&P UK Ltd during the next stage for the Cygnus gas project.
Ensco orders yet more rigs
Drilling major Ensco has once again reached for its wallet to order further drilling tonnage, this time two high-specification jack-ups already designated Ensco 140 and 141. Price tag is $430million for the pair.
Emas wins Gunflint project subsea installation contract
Emas, the operating brand of Far East group Ezra Holdings received a letter of agreement from Noble Energy for subsea installation work on the Gunflint project in the US Gulf of Mexico.
Record overseas sales by Scots oil and gas supply chain firms
Total international sales from Scotland’s oil and gas supply chain companies have hit record levels, new figures show. The value of overseas sales for the sector hit £10billion in 2013, an increase of 22% over the previous year, according to an annual study by economic development agency Scottish Enterprise.
Craig Group lands deal worth tens of millions with Shell
Aberdeen-based Craig International Supplies – led by chairman Douglas Craig – has secured new contracts with Shell which will double the turnover of its business. The contracts will increase the international reach and buying power of the procurement division of global energy services and shipping firm, Craig Group.
Cameron reports earnings lift
US big brand Cameron has reported record Q1 revenues of $2.4billion, up 18% from $2.1 billion a year ago.
Scots oil and gas firms more international in outlook
Scottish firms in the oil and gas supply chain are internationalising at a rapid pace - even more so than their counterparts in the rest of the UK, according to a recent survey.
Chevron’s earnings hit by unplanned downtime and adverse weather
Chevron today reported its first quarter earnings of $4.5billion down from last year’s $6.2bn.
Oil and gas anchors Fluor’s financial results
Despite record oil and gas activity, Fluor Corporations were stunted by downturn elsewhere in the business.
Statoil’s Arctic find comes up short
Statoil’s exploration efforts around the suspended Johan Castberg project have come up short.
Tepco records first profit since tsunami nuclear crisis
Tokyo Electric Power (Tepco), the company behind the ill-fated Fukushima nuclear power plant hit by the 2011 tsunami, has reported profits for the first time since the disaster.
Salamander Energy opens talks with potential buyers
Salamander Energy Plc has opened talks with interested buyers for the potential sale of the company.
BG records earnings drop after Finlayson departure
BG Group, whose chief executive officer resigned this week, said first-quarter earnings fell 3% as crude oil output in Egypt declined further.
FOGL plans exploration comeback following declining figures
Falkland Oil and Gas (FOGL) is set for a productive exploration campaign despite recording pre-tax loss of $4million (£2.4million) in 2013 – down $5m from the previous year.
Aker Solutions splits in two
Aker Solutions ASA has split in two in a bid to reduce costs and bolster its subsea and engineering services.
Shell’s profits hit by rising costs
Royal Dutch Shell Plc, Europe’s biggest oil company, said first-quarter earnings dropped 3% as production declined and costs rose.
BP posts profits dip
BP has posted falling profits for its first quarter results. Higher output from the North Sea were offset by lower production elsewhere and reduced refinery earnings.
Industry rocked as BG boss quits
The oil and gas world was rocked yesterday with the surprise resignation of BG boss Chris Finlayson after less than 16 months in the job.
High gas prices and low temperatures see Statoil’s profits climb
Higher gas prices and dipping temperatures have seen Statiol’s profits climb. Norway’s biggest energy company posted a 32% rise in profit for its first quarter take home figures.
BP to keep investing in Rosneft despite US shun
British oil major BP said it intends to remain a long-term investor in Russia's Rosneft following a decision by the United States government to impose sanctions against the head of the Russian energy company.
Sinopec’s profits fall
China Petroleum & Chemical Corp., Asia’s biggest refiner, reported a 15% decline in first quarter profit.
Premier rejects merger with Ophir
Premier Oil is expected to make an announcement to the stock market this morning after rejecting a merger bid which would have made it one of the biggest firms in the UK.
ADIL boasts strong domestic growth
Demand for ADIL’s specialist energy consultancy services has resulted in strong domestic growth figures for 2013.
China’s biggest oil and gas producer posts declining figures
PetroChina Co., the country’s biggest oil and gas producer, posted a 4.9 percent decline in first-quarter profit as lower oil prices eroded earnings.