Chevron Announces $725 Million Loss for the First Quarter American multinational energy corporation Chevron on Friday reported a loss of $725 million for the first quarter 2016, compared with earnings of $2.6 billion in the same period last year, after suffering an impact of low oil price. According to Chevron’s 1Q report on Friday, foreign currency effects …
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DPR Impounds Truck with 40,000 Litres of Fuel being Diverted to Cameroun Guardian – The Department of Petroleum Resources (DPR) in collaboration with the Cross River State Task Force on Petroleum Resources has impounded a truck belonging Virgin Coast Limited with 40,0000 litres of Premium Motor Spirit (PMS) heading for the Republic of Cameroun. The …
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Helicopter Crash in Norway Oil Platform (Bloomberg) – A helicopter heading back from an oil and gas field offshore Norway crashed outside of Bergen on the country’s west coast, Statoil ASA said. The CHC helicopter was carrying 13 passengers and crew when it went down around noon near Turoey, outside Bergen, coming back from the …
Petrofac Secures BP’s Miller Platform Contract Petrofac has been awarded a Duty Holder contract from BP to support the late life management of the Miller platform, located in the Central North Sea. The contract is for ‘life of asset’ but has a four-year ceiling at which point extension options will be reviewed as required. Petrofac …