Dril-Quip slashes headcount as market falls Dril-Quip has generated net income of $1.3 million, or $0.03 per diluted share, for the three months ended December 31, 2016, versus net income of $48.4 million, or $1.28 per diluted share, for the fourth quarter of 2015 says Subsea World News Total revenues were $106.1 million during the quarter …
Shell takes Final Investment Decision on Kaikias project, off Gulf of Mexico Shell Offshore and MOEX North America, a subsidiary of Mitsui Oil Exploration, have taken the final investment decision (FID) to execute phase one of the Kaikias deep-water project in the US Gulf of Mexico. Kaikias will produce oil and gas through a subsea …
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Gazprom discovers gas to strenghten European Market WorldOil – Russia will keep Europe hooked on its natural gas for years to come, using its huge reserves and lower production costs in Siberia to maintain attractive prices, according to state-run Gazprom. The Moscow-based exporter, which supplied 34% of the European Union’s gas last year, sees its market …
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FG to trap $10bn Oil and Gas investments According to The Guardian The Minister of State, Petroleum Resources, Dr Emmanuel Kachikwu, has said that the Federal Government will attract more than 10 billion dollars investments to the oil and gas industry in the next five years. Kachikwu said this on Tuesday in Abuja at the …