The Oil & Gas business of General Electric Co. (NYSE:GE) has entered into a supply and service agreement for the development of Papua New Guinea (PNG) LNG project. The project involves improvement...
Independent oil and gas company Devon Energy Corporation (NYSE:DVN) successfully completed the sale of its ACG field assets to BP Plc (NYSE:BP) for $2 billion. The company’s ACG field assets, locate...
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Oil drilling equipment maker FMC Technologies Inc. (NYSE:FTI) announced the receipt of a $36 million call-off contract from French oil major Total SA (NYSE:TOT). The deal calls for FMC Technologies to...
Dril-Quip Inc. (NYSE:DRQ) reported modestly weaker-than-expected second-quarter earnings of 70 cents per share, compared with the Zacks Consensus Estimate of 71 cents. The quarter’s earnings were, h...
BP (NYSE:BP) - Co. finished pumping cement into its ruptured oil well in the Gulf of Mexico on Thursday to seal off the source of the world’s worst offshore spill. (RTRS) UK RBS (NYSE:RBS) - C...
Transocean Inc. (NYSE:RIG) – the world’s largest offshore driller – reported weak second quarter 2010 results, primarily under the influence of increased expenses associated with the Gulf of Mex...
The ongoing uncertainty driven by the Macondo disaster in the Gulf of Mexico (GoM) has hit offshore drillers hard. However, Ensco plc (NYSE:ESV) barely topped the Zacks Consensus Estimate on the back ...
Diamond Offshore Drilling Inc. (NYSE:DO) reported weaker-than-expected second quarter 2010 earnings of $1.61 per share, compared with the Zacks Consensus Estimate of $1.75 and the year-ago profit of $...
Texas-based, Anadarko Petroleum Corporation (NYSE:APC) announced a major discovery of approximately 174 net feet of high quality oil in two zones at the Owo prospect in the Deepwater Tano Bloc, locate...