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News Categories: Company Operations News

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Results50 articles shown

MEO Australia Appoints Peter Stickland as MD/CEO, Succeeds Jurgen Hendrich
Wednesday, January 28, 2015 MEO Australia appoints Peter Stickland as managing director and CEO, succeeding Jurgen Hendrich.

Yinson Clinches $2.54B FPSO Contract from Eni for Ghana's OCTP Block
Wednesday, January 28, 2015 Yinson clinches a $2.54 billion contract from Eni to supply, operate and maintain a floating production storage and offloading vessel for Ghana's Offshore Cape Three Points Block.

Technip Wins 2 Subsea Contracts in Gulf of Mexico
Tuesday, January 27, 2015 Technip wins two subsea contracts with Stone Energy Corporation for the Amethyst field in the US Gulf of Mexico.

UK Oil & Gas Appoints New CEO
Tuesday, January 27, 2015 Stephen Sanderson appointed as new CEO of UK Oil & Gas.

As Oil Slides, Singapore Oilfield Service Firms Struggle to Refinance Debt
Tuesday, January 27, 2015 Ezra Holdings and Swiber Holdings are finding it tough to refinance debt maturing later this year due to the slump in crude prices, according to banking sources.


  



Oil Producer Afren Shares Slump Amid Warning Of Imminent Default
Tuesday, January 27, 2015 Afren's shares tumble 72% after it said it had entered talks with its largest bondholders over immediate fund shortages, prompting dent ratings agency Fitch to warn of its imminent default.

CEO: Saudi Aramco to Renegotiate Some Contracts on Low Oil Price
Tuesday, January 27, 2015 Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, its CEO says.

JGC Bags $510 EPCC Contract for Petronas' LNG Complex in Bintulu
Monday, January 26, 2015 JGC bags $510 million engineering, procurement, construction and commissioning contract for Petronas' LNG Complex in Bintulu, Sarawak, Malaysia.

Arawak Terminates MENA Strategic Cooperation Agreement with Gulfsands
Monday, January 26, 2015 Arawak Energy terminates strategic cooperation agreement with Gulfsands Petroleum for the Middle East and North Africa.

Champlain Group Acquires Kane Kompany
Monday, January 26, 2015 CG completes the strategic acquisition of The Kane Kompany, Inc.

Software Firm AVEVA Sees Increased Uncertainly in Oil & Gas Market
Monday, January 26, 2015 Engineering software business AVEVA Group reports 'increased uncertainty and reduced visibility' among its oil and gas clientele.

EnQuest Cuts Capital Spending by 40%
Friday, January 23, 2015 EnQuest to spend only $600 million on capex in 2015 representing a reduction of 40 percent on its prior spending plan.

Technip Gains EDGE in Gender Equality Performance
Friday, January 23, 2015 French oilfield services firm becomes the first company from the energy industry to become certified for the EDGE gender equality standard.

Cue Energy Talks About Impact of Low Oil Price, NZOG's Involvement in Firm
Friday, January 23, 2015 Cue Energy informs shareholders about the impact of the sharp fall in oil price on the company and the emergence of New Zealand Oil and Gas as a major shareholder in the firm.

Santos Registers Record Sales Revenue of $874M in 4Q 2014, Up 2% YOY
Friday, January 23, 2015 Santos' sales revenue reaches a record $874 million in the fourth quarter of 2014, up 2 percent from last year.

Keppel O&M's Net Profit in 4Q 2014 Rises to $229.5M, Up 1% from a Year Ago
Friday, January 23, 2015 Keppel Offshore and Marine's net profit in the fourth quarter of 2014 rises to $229.5 million, a marginal one percent increase from the previous year.

In Battered Oil Services Sector, Smallest Look Weakest
Friday, January 23, 2015 Slammed by plunging oil prices, oil services companies face a bleak outlook of cutbacks and contract cancellations.

KBC Advanced Technologies Reports Strong 2nd Half
Thursday, January 22, 2015 Simulation technology firm KBC Advanced Technologies enjoys a second half to 2014.

South Korea's HHI Progresses Move to Localize Offshore Facilities Equipment
Thursday, January 22, 2015 South Korea's Hyundai Heavy Industries completes the first phase of a plan for localizing offshore facilities equipment.

Gulf Keystone Petroleum Appoints Sami Zouari as CFO
Thursday, January 22, 2015 Gulf Keystone Petroleum appoints Sami Zouari as chief financial officer.

Seadrill to Guarantee North Atlantic Drilling's NOK 1.5B Bond
Thursday, January 22, 2015 Offshore drilling firm Seadrill says it will provide a guarantee for subsidiary North Atlantic Drilling's $197-million bond maturing in 2018.

Brazil's Oleo e Gas to Cut 40% of Workforce
Thursday, January 22, 2015 Brazilian oil and natural gas company Oleo e Gas Participacoes SA says it will cut its workforce by 40 percent, or more than 40 workers, to bring costs in line with revenues.

SKILLED Spurns Merger Proposal from Programmed Maintenance Services
Thursday, January 22, 2015 Australia's SKILLED Group spurns merger proposal from Programmed Maintenance Services.

ABS Grants Approval-in-Principle for HHI's Next-Generation Drillship Design
Wednesday, January 21, 2015 ABS grants approval-in-principle for Hyundai Heavy Industries' next-generation HD12000 heavy duty, wide beam drillship design.

Unique Maritime Group Sets Up Hyperbaric Reception Facility in UAE
Wednesday, January 21, 2015 Unique Maritime Group sets up the first hyperbaric reception facility in the Middle East at Sharjah, United Arab Emirates.

Total Cuts North Sea, US Shale Spending After Oil Price Plunge
Wednesday, January 21, 2015 Total will cut spending on ageing North Sea fields and cut US shale production after the recent plunge in oil prices, CEO Patrick Pouyanne says.

STATS Group Plans Further Expansion after Securing $6.5M
Tuesday, January 20, 2015 Scottish pipeline specialist STATS Group plans further international expansion after securing an additional $6.5 million in investment.

Maritime Developments Wins Subsea Order
Tuesday, January 20, 2015 Scotland's Maritime Developments wins $10.5 million of contracts, including a deal to supply a new portable overside vertical lay system.

Petronas Says NST's Job Cuts Article is 'Misreported and Inaccurate'
Tuesday, January 20, 2015 Petronas clarifies that a local newspaper article saying that the firm plans to reduce its workforce by around 10 percent was "misreported and inaccurate."

Oil Services Firm Kvaerner Finalizes $262M Statoil Contract
Tuesday, January 20, 2015 Norway's Kvaerner finalizes a $262-million platform contract with Statoil.

MEO Tells Shareholders to Wait for its Recommendation on Mosman's Takeover
Tuesday, January 20, 2015 MEO Australia advises shareholders to refrain from acting on Mosman Oil and Gas's improved takeover offer for the firm pending its formal recommendation.

Golar LNG Selects Gary Smith as CEO to Replace Doug Arnell
Tuesday, January 20, 2015 Golar LNG appoints Gary Smith as CEO to take over from the Doug Arnell.

Halliburton, Baker Hughes To Lay Off Thousands As Oil Slumps
Tuesday, January 20, 2015 Baker Hughes and Halliburton plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices.

CIMC Raffles Completes Assembly of North Dragon Semisub at Yantai Yard
Tuesday, January 20, 2015 CIMC Raffles successfully assembles the North Dragon semisub at Yantai shipyard in China ahead of delivery scheduled for December.

BHP Tipped To Cut US Shale Spend To Shore Up Dividend Promise
Monday, January 19, 2015 BHP Billiton may be forced to slash its planned $4 billion spending this year on US shale wells and book writedowns on its shale assets as it battles plunging prices.

Centrica's Cohen Appointed Head of UK Onshore Oil, Gas College
Monday, January 19, 2015 Colette Cohen, head of Centrica's UK oil and gas production business, is appointed chair of the UK's new National College for Onshore Oil and Gas.

Noreco, North Energy Agree Norwegian Sea Asset Transfer
Monday, January 19, 2015 Noreco agrees to transfer 30-percent ownership in PL484 in the Norwegian Sea to North Energy.

Petronas Carigali Awards $14M Contract to Uzma Engineering
Monday, January 19, 2015 Uzma Engineering clinches $14.05 million contract to provide through tubing downhole tools and services to Petronas Carigali.

PetroChallenge Competition: Oil, Gas Industry, Academia to Hold Competition
Friday, January 16, 2015 The oil and gas industry is collaborating with Houston-area academia in an energy-based competition for high students pursuing careers in the industry.

APPEA Seeks New Chief Executive as David Byers Resigns to Join BHP Billiton
Friday, January 16, 2015 The Australian Petroleum Production & Exploration Association is recruiting a new chief executive after David Byers resigned to join BHP Billiton.

Keppel Singmarine Secures $212M Contract to Build Ice-Class Vessel for MCS
Friday, January 16, 2015 Keppel Singmarine secures a $212 million contract from Marine Construction Services' subsidiary New Orient Marine to build an ice-classs multi-purpose vessel.

Schlumberger Reports 7% Revenue Growth
Friday, January 16, 2015 French oilfield engineering group Schlumberger sees its annual revenue grow seven percent to $48 billion.

Cosco Nantong Delivers Semisub Accommodation Vessel to COTEMAR
Thursday, January 15, 2015 Cosco Nantong delivers a semisubmersible accommodation vessel to Mexico's COTEMAR.

BP Set for North Sea Job Losses, but Industry Urged to Invest in Region
Thursday, January 15, 2015 BP is set to announce "significant" job losses in the North Sea as consultancy Deloitte calls for oil companies and the government to continue to invest in the region.

AVEVA Boosts Presence in Middle East, Opens New Office in Saudi Arabia
Thursday, January 15, 2015 AVEVA strengthens its business presence in the Middle East with the opening of a new office in Saudi Arabia.

Seadrill Appoints Expro CEO to its Board
Thursday, January 15, 2015 Offshore driller Seadrill appoints Expro CEO Dr Charles Woodburn to its board of directors.

New Consultancy Aims to Transform Front-End Development for Offshore Fields
Thursday, January 15, 2015 New firm io oil & gas consulting aims to transform the development of front-end designs for offshore oil and gas fields.

Tullow Slashes Exploration Budget
Thursday, January 15, 2015 Tullow cuts its exploration budget to just $200 million as it battles to respond to the collapse in the price of oil.

Woodside's 4Q 2014 Sales Revenue Up 6.9% to $1.76B, May Cut Capex for 2015
Thursday, January 15, 2015 Woodside posts a 6.9% increase in sales revenue to $1.762 billion for the fourth quarter of 2014, with the firm weighing the impact of lower oil price on capital expenditure.

Northcote Doubles Shoats Creek Stake with NAP USA Acquisition
Wednesday, January 14, 2015 US onshore-focused junior Northcote Energy agrees to buy NAP USA, increasing its interest in the Shoats Creek and Zink Ranch fields.

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