cDiver

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Repsol Profit Tops Forecasts On Surprise Refining Strength

July 25, 2014

Spanish oil company Repsol , which is on the hunt for acquisitions, beat quarterly profit forecasts as a surprise surge in refining margins helped cushion production declines due to shutdowns in Libya. Repsol, the first oil major to publish second-quarter results, on Thursday reported a 19.2 percent jump in its refining margin from a year… Continue Reading »

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Q&A: GE’s GirlsGetSET Initiative

July 25, 2014

In December 2013, Rigzone reported that the UK remains behind the curve when it comes to involving women in the engineering workforce. A “Review of Engineering Skills” by Professor John Perkins for the UK Department of Business, Innovation and Skills found that women accounted for less than 10 percent of the country’s professional engineers, meaning… Continue Reading »

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Strike Cuts Oil, Gas Output In Argentina’s Neuquen Province

July 25, 2014

Argentina’s state oil producer YPF said on Thursday a labor strike in the energy-rich province of Neuquen will cut output by 80,000 barrels of crude oil and 3 million cubic meters of natural gas, costing the company some $12 million. Argentina’s vast Vaca Muerta shale oil and gas formation, thought to be one of the… Continue Reading »

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Noble Energy’s Profit Beats As Output From US Fields Rises

July 25, 2014

Oil and natural gas producer Noble Energy Inc reported a better-than-expected profit in the second quarter, helped by a rise in production from its wells in Pennsylvania’s Marcellus shale field and Colorado’s Denver-Julesburg basin. While production from the Denver-Julesburg basin rose in the quarter ended June 30, Noble said the output fell below its expectations,… Continue Reading »

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Breitburn Energy To Buy QR Energy For $1.46B

July 25, 2014

Breitburn Energy Partners LP agreed to buy QR Energy LP for $1.46 billion in a deal to create one of the largest U.S. oil producers structured as a master limited partnership. QR Energy’s stock rose as much as 10 percent to $20.85, its highest in nearly two years. Breitburn’s shares fell 3 percent. U.S. energy… Continue Reading »

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Minehunter Rimini Finds Intact Naval Mine in Black Sea

July 25, 2014

Minehunter Rimini (engaged in the Standing NATO Mine Countermeasures Group 2) identified a mine still with its releasing device in the Black Sea. The discovery was exceptionally uncommon, due to the absence of mud on the device and the still existing connection with the anchor, as well as the physical-chemical properties of the water, thoroughly… Continue Reading »

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Update: Costa Concordia Begins Navigation Towards Genoa

July 24, 2014

This morning at around 11 am, the Concordia has begun its navigation towards Genoa with an average speed of 2 knots. The arrival in Genoa is planned at the moment between Saturday July 26th and Sunday July 27th. Preliminary activities for Concordia departure maneuvers have begun at 6 am this morning. After Concordia departure, environmental… Continue Reading »

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Talisman Says Approached By Spain’s Repsol About Deal

July 24, 2014

Talisman Energy Inc shares rose 13 percent on Wednesday as it confirmed it has been approached by Spain’s Repsol SA about potential deals, raising the prospect that one of Canada’s largest independent oil companies will sell off major assets or be taken over. Talisman, which has a market capitalization of nearly C$11 billion ($10.2 billion),… Continue Reading »

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Liquid Robotics Ocean Glider Collects Weather Data of Typhoon Rammasun

July 24, 2014

Battling estimated sustained winds of 145 mph and gusts to 175 mph, with waves over 45 feet, a Liquid Robotics Wave Glider® ocean drone positioned directly in the path of the storm successfully navigated and continuously collected weather data through the eye of Typhoon Rammasun (Category 5), one of Asia’s biggest typhoons in 40 years…. Continue Reading »

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Fuel Tank Hit in Clashes Near Libyan Airport

July 24, 2014

Fuel storage tanks that supply Tripoli were hit on Wednesday in clashes between rival Libyan militias, igniting a huge blaze near the international airport. More than 40 people have been killed in some of the worst violence in the capital since the 2011 war that ousted Muammar Gaddafi, as rival brigades of former fighters battle… Continue Reading »

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