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News Categories: Company Operations News

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Shell To Cut More UK North Sea Jobs In 2015
Thursday, March 26, 2015 Shell plans further job cuts in its UK North Sea operations this year.

Petrobras Names BNDES Head Coutinho As New Chairman
Thursday, March 26, 2015 Petrobras names Luciano Coutinho, the head of Brazil's state development bank BNDES, as its new chairman.

Seplat Says 2014 Profit Fell 54% as Oil Prices Plunged
Thursday, March 26, 2015 Nigeria's Seplat says its 2014 pre-tax profit dropped 54 percent as the price of crude oil plunged.

Genel Raises Debt to Fund Kurdistan Strategy
Thursday, March 26, 2015 Iraqi Kurdistan-focused Genel Energy completes a placing of $230 million of bonds.

ConocoPhillips Awards Bayu-Udan Satellite Communications Deal to Speedcast
Thursday, March 26, 2015 Speedcast bags satellite communications services contract from ConocoPhillips for the Bayu-Udan field in Timor Sea.


  



Yokogawa to Supply Control & Safety System for Petronas' PFLNG2 Facility
Thursday, March 26, 2015 Yokogawa wins contract to supply a control and safety system for Petronas' floating liquefied natural gas facility (PFLNG2) now under construction in South Korea.

Shell Completes $1.7B Sale of Nigerian Assets
Wednesday, March 25, 2015 SPDC announces it has completed the assignment of its interest in OML 29 and the Nembe Creek Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta.

BP Sees TANAP Gas Pipeline Project Deal within Two Months
Wednesday, March 25, 2015 BP expects to sign a deal with the Trans-Anatolian Natural Gas Pipeline project within two months.

Delivery of Songa Equinox Semisub Delayed by Remedial Work at DSME's Yard
Wednesday, March 25, 2015 Delivery of Songa Equinox semisub delayed by four weeks as it undergoes remedial work at Daewoo Shipbuilding & Marine Engineering's yard in South Korea.

Alam Maritim's JV Deepsea to Acquire OSV 'OLV Venture 1' for $60M
Wednesday, March 25, 2015 Alam Maritim's joint venture company Deepsea Leader Venture inks agreement to acquire offshore support vessel 'OLV Venture 1' for $60 million.

Hess, Petroceltic Pull Out of Kurdistan License
Wednesday, March 25, 2015 Petroceltic and its partner Hess have chosen to pull out of the Dinarta license in Iraqi Kurdistan after drilling difficulties.

Former Hercules Offshore Executive James Noe Joins Falcon Energy
Wednesday, March 25, 2015 Singapore's Falcon Energy appoints former Hercules Offshore executive as chief operating officer of its marine and liftboat division.

Rosneft Cancels Rig Contract With North Atlantic Drilling
Wednesday, March 25, 2015 Rosneft cancels a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd.

Seafox Appoints New Group CEO
Tuesday, March 24, 2015 Seafox appoints Martin Adler as its new Group CEO.

SapuraKencana's FY2015 Net Profit Up 32% to $382M, Boosted by Upstream Ops
Tuesday, March 24, 2015 SapuraKencana's net profit rises 32 percent in financial year 2015 to $381.8 million, boosted by income from upstream operations.

Linn, Quantum Energy Tie Up to Buy Oil, Gas Assets
Tuesday, March 24, 2015 Quantum Energy Partners will invest up to $1 billion in new entity for the acquisition and development of oil and gas assets.

Wells Cathedral School Pupils Win BP's Ultimate STEM Challenge
Tuesday, March 24, 2015 Pupils from Wells Cathedral School in Somerset, England win BP's inaugural Ultimate STEM Challenge competition.

Subsea Training Academy Ashtead Technology Increases Offering
Tuesday, March 24, 2015 A first-of-its-kind subsea training academy, Ashtead Technology, is marking its first six months by expanding its range of courses in response to industry demand.

Malaysia's Cliq Energy Buys into Kazakhstan Oilfields for $117M
Tuesday, March 24, 2015 Malaysia's Cliq Energy buys into Kazakh oilfields for $117 million.

MacGregor to Supply Deck Equipment for Chinese Shipbuilder Wuhu Xinlian
Tuesday, March 24, 2015 MacGregor to supply complete deck equipment packages for two anchor, handling, supply and oil recovery vessels to Chinese shipbuilder Wuhu Xinlian.

Portugal's Galp Chairman Proposes New Chief Executive
Monday, March 23, 2015 Galp Energia Chairman will propose Carlos Gomes da Silva as its new CEO after incumbent says he will not seek a new mandate.

BP Plans Maintenance at Sullom Voe Oil Terminal in June
Monday, March 23, 2015 BP is planning maintenance at its Sullom Voe oil terminal during the second half of June, according to a company spokesman.

Sinopec's Operating Revenue Falls to $36.64B Despite Higher Production
Monday, March 23, 2015 Sinopec's exploration and production business posts a 6% fall in operating revenue in 2014 to $36.64 billion despite production rising 8.44% to 480.22 million barrels of oil equivalent.

Technip, FMC Form New Subsea Joint Venture
Monday, March 23, 2015 Technip and FMC Technologies create a new joint venture focusing on the subsea market.

New Partnership Allows for Expansion of Major STEM Initiative in UK
Monday, March 23, 2015 With additional backing and support, the Scottish MATE ROV Challenge plans to attract more young, aspiring engineers to the subsea industry.

Baker Hughes: US Oil Rig Count Falls To Lowest Since March 2011
Friday, March 20, 2015 The number of rigs drilling for oil in the US continue to decline this week, falling 41 to 825, the lowest rig count in four years, Baker Hughes says.

Minister: India Expects to Raise $3.6B from Share Sale in Four Companies
Friday, March 20, 2015 India could raise $3.6 billion from the sale of stakes in four state-run firms including Oil and Natural Gas Corp (ONGC) and National Aluminium Co Ltd (NALCO), Junior Finance Minister Jayant Sinha says.

Max Petroleum's Kazakh Bank Accounts Suspended, Exports Halted
Friday, March 20, 2015 Max Petroleum's bank accounts in Kazakhstan will be suspended due to non-payment of taxes and its export sales as the debt-laden oil and gas company continues its attempts to secure funds.

Malaysia's Petronas Says $5B Bond Issue for Capex, Possible M&As
Thursday, March 19, 2015 Malaysia's Petronas plans to use the $5 billion it raised in Asia's largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company says.

Brazil Comptroller to Probe More Contractors in Petrobras Scandal
Thursday, March 19, 2015 Brazil's Comptroller-General Office adds another six construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at Petrobras.

Tamarind Appoints Former Talisman Executive Ron Aston as Vice Chairman
Thursday, March 19, 2015 Tamarind Energy appoints Talisman's former senior vice president and country manager of Malaysia Ron Aston as the firm's vice chairman.

Norway's Statoil Sets Precedent With Government Payment Disclosure
Thursday, March 19, 2015 Statoil releases unprecedented detail about its payments to governments around the world, even as some of its rivals are fighting new rules that will require increased disclosure.

Head of BG Group's Canadian LNG Project Leaves, Not Being Replaced
Wednesday, March 18, 2015 The head of BG's Canadian unit has left Vancouver to take another role in the company and will not be replaced, the company says, delivering another blow to British Columbia's fledgling liquefied natural gas industry.

UK Engineer Smiths Warns of Hit from Weak Oil Price
Wednesday, March 18, 2015 UK engineer Smiths Group reports a five-percent fall in first-half operating profit and warns that trading in its John Crane unit may be hurt in as oil and gas customers cut spending.

SBM Offshore, Brazil Comptroller Agree to Seek Leniency Deal
Wednesday, March 18, 2015 Brazil's comptroller general and SBM Offshore say they had agreed on a framework for what could be the first leniency deal in a bribery scandal linked to Petrobras.

Rey Resources Considers Next Move in Concluding Acquisition of Derby Block
Wednesday, March 18, 2015 Rey Resources considers its next move in concluding the acquisition of the Derby Block in the Canning Basin, Western Australia.

PetroChina Vice Chairman Under Investigation Amid Graft Crackdown
Tuesday, March 17, 2015 PetroChina Vice Chairman Liao Yongyuan is being investigated for "serious disciplinary violations", the company says, as an anti-corruption crackdown reaches deeper into the Chinese state-owned oil giant.

Quicksilver Resources Files For Chapter 11 Protection
Tuesday, March 17, 2015 Quicksilver Resources and its US units file for Chapter 11 bankruptcy protection, adding to a list of oil and gas producers who have folded amid low oil prices.

Russian Energy Minister Novak to Meet Exxon CEO on Wednesday
Tuesday, March 17, 2015 Russian Energy Minister Alexander Novak plans to meet Exxon CEO Rex Tillerson Wednesday.

China-Owned Nexen To Cut 400 Jobs In North America, UK
Tuesday, March 17, 2015 Nexen says it will cut approximately 400 jobs in North America and the United Kingdom in response to plunging global oil prices.

Matrix C&E Clinches $32.2M Drilling Riser Buoyancy Contracts
Tuesday, March 17, 2015 Matrix Composites and Engineering clinches $32.2 million contracts for the supply of drilling riser buoyancy.

KBR Bags Saudi Aramco's Project Management Services Contract
Tuesday, March 17, 2015 KBR bags contract to provide project management services for Saudi Aramco's offshore program.

Atwood Osprey Semisub Temporarily Out of Service for Repairs
Tuesday, March 17, 2015 Atwood Osprey semisub temporarily put out of service as repairs are needed after drifting from its drilling location off the north west coast of Australia during Cyclone Olwyn.

Aker Sets Out Strategic Goals
Tuesday, March 17, 2015 Aker plans to build on strengths in subsea and field design markets, but sees continued slowdown in Norwegian MMO market over the next two years.

Vard Terminates Contracts to Build 2 PSVs for E.R. Offshore's Units
Monday, March 16, 2015 Vard Holdings terminates contracts to build two platform supply vessels for E.R. Offshore after the latter's affiliates filed for insolvency in Germany.

Sea Forties Echo Platform Shut After Collision - Apache
Monday, March 16, 2015 The Forties Echo platform in the North Sea has been shut after being hit by a supply vessel.

Speedcast Acquires Hermes Datacomms to Boost Energy Communication Services
Monday, March 16, 2015 Speedcast acquires Hermes Datacommunications to expand its communications services to the energy sector.

ABB Wins NOK 1.1B Statoil Power Contract
Monday, March 16, 2015 ABB wins a $134-million contract from Norway's Statoil to supply power kit to the giant Johan Sverdrup oilfield in the North Sea.

Colombia Oilfield Move Challenges Ecopetrol, Canada's Pacific Rubiales
Monday, March 16, 2015 A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Pacific Rubiales to replace the future loss of nearly half its production.

Frank's International to Acquire Timco in $75M Cash Deal
Monday, March 16, 2015 Frank’s International enters definitive purchase agreement to acquire Timco Services for $75 million.

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