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Chevron 1Q earnings decline 43%

Chevron Corp. reported first-quarter earnings of $2.6 billion, down from $4.5 billion in first-quarter 2014. Sales and other operating revenues in first quarter totaled $32 billion, compared with $51 billion a year earlier.

Statoil reports $4.67 billion 1Q loss following US shale write-downs

Statoil ASA reported a negative first-quarter international financial reporting standards net income of $4.67 billion due to asset impairments of $6.08 billion primarily comprising US onshore unconventional assets including the Bakken, Eagle Ford, and Marcellus shale plays.

ConocoPhillips reports steep decline in 1Q earnings, saved by UK tax benefit

ConocoPhillips reported first-quarter earnings of $272 million, down from $2.1 billion in first-quarter 2014.

Shell 1Q earnings plunged 56% year-over-year

Royal Dutch Shell PLC reported first-quarter earnings on a current cost of supplies (CCS) basis, excluding identified items, were $3.2 billion, down from $7.3 billion during first-quarter 2014.

Cost opportunity seen for LNG projects in western Canada

Rising construction costs in the US and falling oil prices give LNG export projects in western Canada a window of opportunity in competition with otherwise advantaged projects to the south.

Foreign suppliers maintain ties as crude sales to US fall, study says

International producers are keeping relations with the US strong despite its plunging crude oil imports as production from domestic tight shales climbs, research by 16 University of Texas at Austin master’s degree candidates found.

ExxonMobil 1Q earning down 46% year-over-year

ExxonMobil Corp. reported first-quarter earnings of $4.9 billion, down from $9.1 billion during first-quarter 2014 due in part by upstream losses in the US. The total, however, exceeded analyst expectations.

Dallas-based midstream companies complete merger

Energy Transfer Partners LP and Regency Energy Partners LP, both of Dallas, have completed the merger of an ETP indirect subsidiary with Regency, with Regency surviving as a wholly owned subsidiary of ETP, the companies reported.

Enterprise, Oxy to build Delaware basin gas plant

Enterprise Products Partners LP (EPP) and an affiliate of Occidental Petroleum Corp., both of Houston, will develop a 150-MMcfd cryogenic natural gas processing plant to handle growing rich-gas production in the Delaware basin, EEP reported.

Newfield Exploration to close two regional offices

Newfield Exploration Co. plans to combine its onshore Gulf Coast and Rocky Mountain business units into one operating region to be based in The Woodlands, Tex., and will close its Denver and north Houston offices during August.

Hess reports 1Q net loss of $389 million, trims budget

Hess Corp. reported a net loss of $389 million during the first quarter compared with net income of $386 million in first-quarter 2014. An adjusted net loss of $279 million was down from an adjusted net income of $446 million in first-quarter 2014.

Eni sees 1Q profit decline 55% year-over-year

Eni SPA reported a first-quarter consolidated adjusted operating profit of €1.57 billion, down 55% from first-quarter 2014. The company says the decline was driven by lower crude oil prices, and only partly offset by a better performance recorded in upstream activity and in all other business segments.

Hollek chosen as Anadarko’s executive VP, onshore E&P

Anadarko Petroleum Corp. has named Darrell E. Hollek as executive vice-president, US onshore exploration and production. Charles A. Meloy, who previously held the position, will remain as an executive vice-president until his retirement in early June.

Total’s 1Q profit down 22%

Total SA reported a first-quarter adjusted net income of $2.6 billion, down 22% from $3.3 billion during first-quarter 2014, citing a 50% decrease in Brent crude oil prices since last year.

BP reports 20% lower profits in 1Q, continues divestment program

BP PLC reported that its underlying replacement cost profit for the first quarter was $2.6 billion, down from $3.2 billion for first-quarter 2014 but up from $2.2 billion for fourth-quarter 2014.

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Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
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Vantage Drilling

Currently Hiring Positions in the Gulf of Mexico

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