Press Releases

Noble quarterly profits slip

Oct 18, 2012 04:29 SGT NHST Media Group Asia Driller Noble Corporation saw its third-quarter profits sink 15% as it battled lower-than-expected utilisation on its Bully I and Bully II drillships, labour and regulatory delays in Brazil and downtime due to Hurricane Isaac, the company said Wednesday.

Brent hovers on stimulus hopes and supply concerns

Jul 26, 2012 10:14 SGT NHST Media Group Asia Brent hovered above $104 per barrel on Thursday, with investors anticipating more US stimulus measures to support growth and on fears that tensions in the Middle East could escalate causing supply concerns.

Oil sheen in PNG sea halts loading

Jul 26, 2012 09:51 SGT NHST Media Group Asia Australia-listed Oil Search has suspended the loading of tankers at the Kumul marine terminal in Papua New Guinea, after oil droplets were spotted on the sea surface.

Range ropes in profits on solid production

Jul 25, 2012 05:48 SGT NHST Media Group Asia US independent Range Resources rode strong production figures to a profitable second quarter despite lower realised natural gas prices.

Oil falls sharply on euro debt fears

Jul 24, 2012 05:47 SGT NHST Media Group Asia Oil prices fell sharply on Monday, down a second straight day, as worries that Spain is headed for a bailout and the euro-zone debt crisis is spreading prompted investors to sell assets perceived as risky, boosting the dollar and US debt.

Helix hit by lower utilisation

Jul 24, 2012 05:30 SGT NHST Media Group Asia Helix Energy Solutions Group posted a slight bump in quarterly income but saw its profits dampened by lower utilisation of its fleet.

Rebels attack Colombian pipeline

Jul 23, 2012 08:39 SGT NHST Media Group Asia Colombia's largest rebel group has blown up a section of the 220,000-barrel per day Cano Limon-Covenas oil pipeline.

Staatsolie mulls share offer

Jul 23, 2012 08:29 SGT NHST Media Group Asia Suriname state oil company Staatsolie is considering selling stock through a partial privatisation similar to those carried out by state-run energy companies in Colombia and Brazil.

PDVSA, Chevron ink financing deal

Jul 19, 2012 06:03 SGT NHST Media Group Asia Venezuelan state oil company PDVSA said on Wednesday it reached an agreement with Chevron to secure $2 billion in financing to boost oil production at Petroboscan, a joint venture between the two companies.

Pioneer output hit by processing downtime

Jul 19, 2012 05:48 SGT NHST Media Group Asia Pioneer Natural Resources said its second quarter production reached its guidance expectations but was hampered by a shutdown at a fractionation facility.