Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  ConocoPhillips    COP

Delayed Quote. Delayed  - 06/23 08:36:52 pm
44.8201 USD   +0.02%
10:23a CONOCOPHILLIPS : Emir meets ConocoPhillips chairman
06/22 Canada's Cenovus facing tough market for critical asset sales
06/21 FAR : files for arbitration
News SummaryMost relevantAll newsSector newsTweets 

Union Calls For North Sea Helicopter Firm To Ground Fleet

share with twitter share with LinkedIn share with facebook
share via e-mail
05/10/2012 | 08:28pm CEST

--U.K. union says Bond Aviation should ground fleet after helicopter forced to ditch in sea

--Union says concerns have been raised over engine problems on Eurocopter Super Pumas

--Helicopter was ferrying oil and gas workers to ConocoPhillips-leased drilling rigs

(Adds detail on identity of workers in penultimate paragraph.)

   By Alexis Flynn 

The U.K.'s main offshore workers' union has called for all helicopters operated by Bond Aviation to be grounded pending an investigation into why an aircraft was forced to ditch into the North Sea earlier Thursday, and whether similar issues are affecting the rest of the fleet.

"While we are delighted that everyone on board is safe, there are obvious concerns when another Bond helicopter lands in the water," said RMT OILC regional organizer Jake Molloy.

Thursday's incident is the latest to affect a Eurocopter helicopter in the North Sea. Sixteen people died when a Bond Super Puma plunged into the sea while carrying men from BP PLC's (BP, BP.LN) Miller platform to Aberdeen in April 2009. Earlier that year, 18 people survived after a Bond helicopter ditched in the North Sea.

Molloy said he had heard anecdotal reports from union members of helicopter problems that had occurred in recent weeks that he said hadn't been reported to the Helicopter Safety Steering Group, which is part of the offshore workgroup comprising representatives from industry and the oil and gas workforce.

His concerns were echoed by fellow union Unite.

"Unite the Union is concerned that there have been problems with helicopter engines recently that haven't been reported to the Helicopter Steering Group," the union said in a statement. "Obviously the reason for the ditching has to be investigated, but Unite is calling for an urgent meeting of the Helicopter Steering Group to be convened."

Bond Aviation said there were no plans to ground its fleet of Eurocopters, which are manufactured by a unit of European Aeronautic Defence and Space Company NV (EAD.FR, EADSY).

"Right now, our priority is our passengers and pilots," said a Bond spokesman. "Of course, we will checking with the helicopter manufacturer to better understand what has happened," adding that the company implemented a strict maintenance program on its aircraft.

He wasn't immediately able to confirm whether any engine incidents had occurred in recent weeks.

The helicopter that ditched Thursday had been ferrying workers to drilling rigs leased by ConocoPhillips (>> ConocoPhillips) on the Jasmine field.

The passengers were all third-party contractors and not ConocoPhillips employees, a ConocoPhillips spokesman said. The workers were bound for the Ensco 102 jack-up rig, owned by Ensco PLC (ESV), and the Maersk Resilient jack-up rig.

All 16 people onboard the helicopter are safe and accounted for, Grampian Police and the Coastguard have confirmed. A major rescue operation was launched after the aircraft, a Eurocopter EC225, descended into the sea around 25 miles off Aberdeen shortly after midday.

-By Alexis Flynn, Dow Jones Newswires; +44 207 842 9471; [email protected]

Stocks mentioned in the article : ConocoPhillips
share with twitter share with LinkedIn share with facebook
share via e-mail
10:23a CONOCOPHILLIPS : Emir meets ConocoPhillips chairman
06/22 Canada's Cenovus facing tough market for critical asset sales
06/21 FAR : files for arbitration
06/21 CONOCOPHILLIPS : Cenovus plans to grow free funds flow 14% a year through 2021
06/21 Norway offers record number of blocks for Arctic oil exploration
06/21 CONOCOPHILLIPS : provision of wireline logging and perforation services
06/19 CONOCOPHILLIPS : global positioning system (gps) rental and maintenance services
06/19 CONOCOPHILLIPS : rental and maintenance of adapt and network device refreshment
06/08 CONOCOPHILLIPS : valve maintenance and repair services
06/08DJWoodside Warns Dispute Could Delay Senegal Oil Project
More news
Sector news : Oil & Gas Exploration and Production - NEC
06/22 Canada's Cenovus facing tough market for critical asset sales
06/21 Norway offers record number of blocks for Arctic oil exploration
06/19 EQT : Oil and gas producer EQT to buy Rice Energy in $6.7 billion deal
06/13DJCorrection to Energy Companies Story
06/13DJEnergy Companies Seek Out Deal Makers
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
06/22 ConocoPhillips has 'transformed its business' but still not a buy, Goldman sa..
06/21 Oil - Don't Miss The Forest For The Trees
06/20 CENOVUS ENERGY :  Misplaced Market Fears About A Bargain Acquisition
06/20 Will You Buy When There Is Blood In The Streets?
06/20 Energy sector on track for worst one-day drop since March
Financials ($)
Sales 2017 28 476 M
EBIT 2017 2 007 M
Net income 2017 1 352 M
Debt 2017 11 933 M
Yield 2017 2,38%
P/E ratio 2017 42,55
P/E ratio 2018 25,80
EV / Sales 2017 2,37x
EV / Sales 2018 2,30x
Capitalization 55 435 M
More Financials
Duration : Period :
ConocoPhillips Technical Analysis Chart | COP | US20825C1045 | 4-Traders
Full-screen chart
Technical analysis trends CONOCOPHILLIPS
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 59,4 $
Spread / Average Target 33%
Consensus details
Ryan M. Lance Chairman & Chief Executive Officer
Donald Evert Wallette CFO, Executive VP-Finance & Commercial
Matthew J. Fox EVP-Strategy, Exploration & Technology
James E. Copeland Independent Director
Richard H. Auchinleck Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
EOG RESOURCES INC-13.26%50 621
CNOOC LTD-11.81%48 721
More Results