HOUSTON — Oceaneering International, Inc. today reported record first quarter earnings for the period ended March 31, 2009. On revenue of $435 million, Oceaneering generated net income of $44.3 million, or $0.80 per share. During the corresponding period in 2008, Oceaneering reported revenue of $436 million and net income of $41.3 million, or $0.73 per [...]
HOUSTON — Exxon Mobil Corp, the world’s largest publicly traded company, posted a 58 percent drop in quarterly profit, missing Wall Street estimates, as the global recession sliced into demand for crude oil and depressed prices. Exxon and other energy companies have seen oil and gas prices fall sharply from peaks last summer as consumption [...]
VENICE, FL — State lawmakers are considering a bill that would lift the ban on drilling off the Florida coast. The House has already passed the bill, but the Senate has yet to vote. It could allow drilling as close as three miles from Florida’s beaches.
By Tyler Whitley Published: April 27, 2009 Republican gubernatorial candidate Bob McDonnell and Lt. Gov. Bill Bolling unveiled twin energy plans today that call for drilling for oil and natural gas off the coast of Virginia. McDonnell, at a stop in Norfolk, and Bolling, across the state in Roanoke, said Virginia must take advantage of [...]
Phoenix International Holdings, Inc. (Phoenix) announced the award of two deepwater underwater maintenance projects in the Green Canyon area of the Gulf of Mexico. Contract work includes the removal and replacement of six non-wet mateable tension monitoring system cables on the tendons of a Tension Leg Platform (TLP), removal of fairings associated with the installation [...]
HOUSTON: Saipem America has been awarded the Don Larsen/Drysdale No. 2 offshore installation project in the deepwater Gulf of Mexico. The project, on which work has already begun, includes the offshore installation of the jumpers, subsea distribution unit, flying leads and relocation of the Drysdale step-out umbilical for the Don Larsen well and Drysdale No. [...]
ANCHORAGE, ALASKA — Shell plans to drill its first test well in the Chukchi Sea in the summer of 2010 or 2011, using the Frontier Discoverer drill ship. The company also plans to drill a second well in the Beaufort Sea with the same vessel later in the summer, according to Pete Slaiby, general manager [...]
Former Vice President Al Gore and former House Speaker Newt Gingrich were facing off Friday before lawmakers, each on opposite sides of a major climate and energy bill. Both were testifying on the fourth and final day of a hearing before the House Energy and Environment Subcommittee.
Petrobras’ average oil and gas production in Brazil, in March, topped out at 2,315,276 barrels of oil equivalent per day (boed), 9.5% more than a year ago and 3% above last month’s mark.
Nuiqsut, Alaska — The year the oil companies seriously began exploring the icy waters off the Arctic National Wildlife Refuge — where Nuiqsut whalers have hunted for as long as men have wandered on dark waters — the villagers lost two bowhead.
WASHINGTON, DC — Refiners will be hit harder than other US manufacturers under proposed cap-and-trade legislation, a ConocoPhillips official told the US House Energy and Commerce Committee.
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