ConocoPhillips Company (ticker: COP) reported first quarter 2018 earnings of $0.9 billion, or $0.75 per share. This compares to first quarter 2017 earnings of $0.6 billion, or $0.47 per share. First quarter production, excluding Libya, was 1,224 MBOEPD. Production from Libya was 45 MBOEPD. Conoco said that it grew year-over-year production in the Eagle Ford, Bakken and Delaware by 20%.
Drill rigs, equipment and software provider Nabors Industries Ltd. (ticker: NBR) reported full-year 2017 operating revenue of $2.6 billion, compared to operating revenue of $2.2 billion in the prior year. Net income from continuing operations attributable to Nabors for the year was a loss of $503 million, or $(1.75) per share, compared to a loss of $1.0 billion, or $(3.58)
BP’s U.S. onshore operations using drones, big data, augmented-reality smart glasses, multilateral wells “If you look at any industry, every single one is being turned inside out by technology,” Brian Pugh, Lower 48’s chief operation officer – production said. “The energy industry is no different.” BP said many of the new innovations being deployed across the Lower 48 business have
BP seeks access to key producing basins in Rockies, sees move as strategic platform for growth BP (ticker: BP) is moving a U.S. headquarters from Houston to Denver. The company said its U.S. Lower 48 onshore Denver headquarters operations will be closer to its asset position in the Rocky Mountain region, which the company designated as “an important energy hub of
