LATEST OIL AND GAS NEWS - AS IT HAPPENS



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Songa Offshore SE : Songa Enabler commencement of drilling contract

Songa Enabler has commenced drilling operations on 29 July 2016 in the Barents Sea. The rig is now on operating rate under its eight-year...

Independence Contract Drilling's (ICD) CEO Byron Dunn on Q2 2016 Results – Earnings Call...

Independence Contract Drilling (NYSE:ICD) Q2 2016 Earnings Conference Call July 28, 2016 12:00 PM ET Executives Phil Choyce - SVP and CFO Byron Dunn - CEO Analysts James West - Evercore...

Noble sees better rig prospects offshore northern South America, deepwater Mexico

The ultra-deepwater drillship Noble Bob Douglas has secured a one-well program offshore Suriname, in direct continuation of the rig's current contract ... Source: Google alert -...

Offshore Drilling Industry – Weakening And Unlikely To Recover In Near Future

One of the best ways that both industry executives and investors can measure the overall strength of the offshore drilling market is known as...

Saipem wins two contracts for $8bn Tangguh LNG expansion project in Indonesia

EBR Staff Writer Published 28 July 2016 BP Berau has awarded two engineering and construction contracts to Saipem for the $8bn Tangguh LNG expansion project...

Conoco, Marathon cut short Maersk Valiant contract

ConocoPhillips and Marathon Oil Corp. have signed an early termination agreement for the deepwater drillship Maersk Valiant, Maersk Drilling says. The termination, which comes following...

Patteron-UTI Energy announces financial results to June 30th 2016

PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2016. The Company reported a net...

BRIEF-ConocoPhillips, Marathon Oil cancel contract for deepwater drill unit Maersk Valiant

AP Moeller - Maersk A/S says* Early termination agreement for the deepwater unit Maersk Valiant has been signed by Maersk Drilling, ConocoPhillips and Marathon Oil...

Bibby Offshore Snaps Multimillion Subsea Contract

Bibby Offshore announced a multimillion pound contract with an independent UK-based exploration and production (E&P) firm to provide air diving and remotely-operated vehicle (ROV)...

Active Stocks' Revenge with Bears- Infinera (NASDAQ:INFN), Independence Contract Drilling …

Infinera Corporation (NASDAQ:INFN) closed at $12.51 with plummets of -1.65% in last trading session. Infinera Corp. (INFN) reported second-quarter profit of $11.5 million. On...