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Finance

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Statoil: USD 2.65 Billion Transaction to Capture Value and Focus Portfolio

Statoil ASA (OSE: STL, NYSE: STO) has signed an agreement to divest minority interests in the Gullfaks and Gudrun fields offshore Norway and exit the ...

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PIRA Energy Group’s Weekly Oil Market Recap for the Week Ending August 18th, 2013

NYC-based PIRA Energy Group believes that the China GDP slowdown is underway. On the week, U.S. commercial stocks drew. Specifically, PIRA’s analysis of the oil ...

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Petrobras: US$ 2.1 Billion Asset Sale


At a meeting held on August 16 , Petrobras‘ Board of Directors approved the following asset sale transactions totaling US$ 2.1 billion: 1. Sale of ...

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Apache Agrees to Sell Alberta Oil and Gas Assets to Ember Resources for US$214 Million

Apache Corporation (NYSE, Nasdaq: APA) has announced it has agreed to sell oil and gas producing properties in the Nevis, North Grant Lands and South ...

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ConocoPhillips Announces Sale of Trinidad and Tobago Asset

ConocoPhillips (NYSE: COP) has announced that it has closed a transaction with the National Gas Company of Trinidad and Tobago Limited (NGC) for the sale ...

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Pomerantz Law Firm has filed a Class Action Against McDermott International, Inc. and Certain Officers — MDR

Pomerantz Grossman Hufford Dahlstrom & Gross LLP has filed a class action lawsuit against McDermott International, Inc.  (“McDermott” or the “Company”) (NYSE: MDR) and certain ...

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Deep Down Reports Increased Revenue for Second Quarter 2013

– Net Income Improves 60% to $1.0 million  – Modified EBITDA Increases 22% to $1.7 million  – Revenues Increase 16% to $9.2 million Deep Down, ...

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Offshore Equipment Rental Specialist Announces 2012 Results

The Ferguson Group, global specialists in the provision of offshore DNV 2.7-1/EN12079 containers and accommodation solutions, has posted its 2012 results, which show continuing growth, ...

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Cal Dive Reports Second Quarter 2013 Results and Announces Additional Pemex Contract Award of $40 Million

Cal Dive International, Inc. (NYSE: DVR) reported a second quarter 2013 loss of $1.7 million, or $0.02 per diluted share, on revenues of $121.0 million. ...

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First-of-its-Kind Access to the Supply Details Behind PIRA’s Highly Valued Oil Balances and Price Forecasts

As part of its recent initiative to provide the data behind its widely followed market analysis and price forecasts, PIRA Energy Group has launched the ...

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Petrobras’ Oil and Gas Production in Brazil Up by 4.8% in June


Petrobras announces that the oil output (oil plus natural gas liquids – NGL) of all of Petrobras’ fields in Brazil was 1,979 thousand barrels per ...

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Oceaneering Announces Record Quarterly Earnings

Oceaneering International, Inc. (NYSE: OII) has reported record quarterly earnings for the second quarter ended June 30, 2013. On revenue of $820.4 million, Oceaneering generated net income ...

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