Anadarko swings to third quarter profit on higher sales absent settlement charges
Anadarko swings to third quarter profit on higher sales absent settlement chargesBY ALISON SIDER AND NATHALIE TADENAHOUSTON -- Without the burden of a hefty Deepwater Horizon settlement charge, Anadarko swung to a third quarter profit on higher volumes of oil sales and increased activity in U.S. shale formations.Anadarko reported
Alberta sets up oil sands monitoring agency
The Conservative government of Premier Alison Redford said the body will focus on what should be monitored as well methods and locations, following a series of previous scientific studies and government reports that have suggested the Lower Athabasca area of northern Alberta needs to be more closely scrutinized, Reuters reported.
Noble Energy: Offshore oil production in Falklands May start by 2018
Noble Energy: Offshore oil production in Falklands May start by 2018BY ALISON SIDERHOUSTON -- Noble Energy executives said that oil production in the Falkland Islands could begin in about six years if an exploration well proves to be successful.Susan Cunningham, senior vice president for exploration, said during a conference call
Transocean to sell 38 shallow-water rigs for $1.05 billion to shift focus to deepwater
Transocean to sell 38 shallow-water rigs for $1.05 billion to shift focus to deepwaterBY Alison Sider HOUSTON -- Deepwater drilling company Transocean has agreed to sell 38 shallow-water drilling rigs to Shelf Drilling for $1.05 billion, the company said. The sale is part of Transocean's strategy to focus on the