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News Categories: Company Operations News

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Court Reviewing Arrest Warrant Application for KOGAS CEO
Thursday, December 18, 2014 South Korean prosecutors say a court is reviewing an arrest warrant application for the chief executive of state-run Korea Gas Corporation, Jan Seok-hyo.

Det norske Appoints New Head of Projects
Thursday, December 18, 2014 Det norske oljeselskap appoints Olav Henriksen as its new head of projects.

Former Shell Head Voser Returns To ABB As Chairman
Thursday, December 18, 2014 ABB names former Shell boss Peter Voser as its new chairman, a homecoming for a man who was previously finance chief at the company.

Indonesia's Pertamina Says Oil Drop Hits Profits, Growth Plans
Thursday, December 18, 2014 Indonesia state oil and gas firm Pertamina sees a more than 20-percent fall in its net profit for 2014.

Independent Gets Cronx Extension
Thursday, December 18, 2014 Independent Oil & Gas reports that the UK government has extended the Cronx license by 12 months and that it expects to complete the acquisition of Cronx by June 30 next year.


Marathon Oil Cuts 2015 Capex 20% As Crude Tumbles
Wednesday, December 17, 2014 Marathon Oil says its capital expenditures will be about 20% lower next year due to the steep drop in crude oil prices.

Dutch Oil Platform Company SBM Offshore Maintains Outlook
Wednesday, December 17, 2014 SBM Offshore has maintained its sales guidance for 2014 but said it would take $146 million in one-off charges.

Canadian Oil Producers Slash 2015 Capital Budgets
Wednesday, December 17, 2014 Canadian oil producers Husky Energy and Penn West Petroleum slash their 2015 capital budgets due to a slide in crude oil prices.

Solo Oil Purchase of Tanzanian License Can Go Ahead
Wednesday, December 17, 2014 Tanzanian Ministry of Energy and Minerals confirms that Aminex can sell a 13-percent interest in the Kiliwani North Development Licence to Solo Oil.

Norway's Statoil Approves $610M North Sea Development
Tuesday, December 16, 2014 Statoil will spend $610 million to develop its small Gullfaks Rimfaksdalen gas and condensate field in the North Sea, going ahead with the project despite low oil prices.

Technip Completes Sale of Diving Assets to Ranger Offshore
Tuesday, December 16, 2014 France's Technip completes the sale of its diving assets in the Gulf of Mexico to Ranger Offshore.

Canada's Encana To Raise 2015 Spending, Bucks Industry Trend
Tuesday, December 16, 2014 Encana says it would boost capital spending in 2015 to focus on its more-profitable shale oil fields, bucking an industry-wide move to cut spending as oil prices tumble.

Enbridge's Midcoast Energy Partners Cuts Jobs As Nat Gas Volumes Decline
Monday, December 15, 2014 Enbridge's Midcoast Energy Partners business unit reduces workforce amid a drop in natural gas volumes in the pipeline.

Amec Foster Wheeler Buys Scopus Group
Monday, December 15, 2014 Amec Foster Wheeler buys Scopus Group a precision engineering company that services the global oil and gas industry.

Norwegian Oil Firm Noreco to Restructure
Monday, December 15, 2014 Noreco proposes a restructuring as low oil prices and persistent production problems at its key assets threaten its ability to remain a going concern.

Repsol To Discuss Bid For 100% Of Talisman
Monday, December 15, 2014 Repsol says it would discuss a takeover offer for 100% of Talisman Energy, which is also being circled by other potential bidders.

Technip To Push On With Diversification Plan After CGG Talks Fail
Monday, December 15, 2014 Technip says it would press on with its strategy of broadening its range of services despite its failed attempt to buy seismic surveys specialist CGG.

Technip Rules Out CGG Bid After Talks Fail
Sunday, December 14, 2014 Technip rules out making an offer for seismic surveys specialist CGG after talks between the two firms fail to produce an agreement.

Otto Energy Accepts Nido's $108M Offer to Acquire Galoc Production Company
Friday, December 12, 2014 Otto Energy accepts Nido Petroleum's $108 million offer to acquire its 100 percent stake in Galoc Production Company.

Icon Offshore Bags $12.3M Contracts to Supply OSVs for Work Off Malaysia
Thursday, December 11, 2014 Icon Offshore bags $12.3 million contracts for the provision of offshore support vessels for work offshore Malaysia.

Interra Terminates Acquisition of Indonesia's PT Benakat Barat Petroleum
Thursday, December 11, 2014 Interra Resources terminates planned acquisition of equity interests in Indonesia's Benakat Barat Petroleum.

Canada's Cenovus Energy to Spend 15% Less in 2015
Thursday, December 11, 2014 Cenovus Energy plans to reduce capital spending by 15 percent in 2015.

Origin, Santos Extend Debt, Slash Costs as Oil Prices Sink
Thursday, December 11, 2014 Origin Energy and Santos take steps to shore themselves up against a 50 percent slide in oil prices as they both race to complete huge gas projects in Australia in 2015.

Dijols Launches Takeover Offer for CAT oil
Thursday, December 11, 2014 Oil industry veteran Maurice Dijols launches a $926-million takeover offer for Austria's CAT oil.

Wood Group Order Book to Provide Resilience in 2015
Thursday, December 11, 2014 Wood Group says a largely-reimbursable order book and prospects will help provide it with relative resilience during 2015.

Senex Updates on Operations in Cooper Basin, Reviews Expenditure
Wednesday, December 10, 2014 Senex Energy provides an operational update on its oil and gas operations in Cooper Basin, Australia and reveals that it is reviewing its expenditure in the lower oil price environment.

BG Group Sells Australian Gas Pipeline For $5 Billion
Wednesday, December 10, 2014 BG Group agrees to sell its wholly owned QCLNG Pipeline subsidiary in Australia to APA Group for $5 billion.

Beach to Commence Gas Sales to Origin from SACB, SWQ JVs in Australia
Wednesday, December 10, 2014 Beach Energy to commence gas sales to Origin Energy from its South Australian Cooper Basin and South West Queensland joint ventures in Australia.

Brazil Top Prosecutor Says Petrobras Management Should Go
Wednesday, December 10, 2014 Brazil's prosecutor-general Rodrigo Janot calls for the replacement of Petrobras' top management and punishment of everyone involved in a scheme to funnel kickbacks from contracts to politicians.

Goodrich, Oasis Petroleum Cut Spending For 2015 As Oil Slides
Wednesday, December 10, 2014 Goodrich Petroleum and Oasis Petroleum expect to spend much less on exploration and production next year, joining a list of US oil and gas companies cutting capital spending as oil prices plunge.

Total Restructures Exploration and Production Business
Wednesday, December 10, 2014 France's Total restructures its exploration and production unit into five geographical divisions.

Cosco Guangdong Completes Installation of Upper Hull of EDrill-3 Tender Rig
Tuesday, December 09, 2014 Energy Drilling reports Cosco Guangdong has completed installation of the upper hull of EDrill-3 tender rig at its yard in southern China.

CMHI Cuts Steel for MTR-3 Tender Rig, Mermaid Ausana Vessel in China
Tuesday, December 09, 2014 China Merchants Heavy Industries holds steel cutting ceremony for Mermaid Maritime's MTR-3 tender rig and Mermaid Ausana subsea vessel at its yards in China.

BP To Invest $12B In Egypt Over 5 Years, Boost Gas Supplies
Tuesday, December 09, 2014 BP plans to invest more than $12B in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, the country manager of BP Egypt says.

Hydrogen Appoints Mirzan Mahathir as Director of its Malaysian Companies
Tuesday, December 09, 2014 Mirzan Mahathir joins the board of directors of global recruitment firm Hydrogen Group's Malaysian companies as a majority shareholder.

Malaysia's SapuraKencana 3Q Profit Up 42% on New Business
Tuesday, December 09, 2014 SapuraKencana Petroleum says net profit increased 41.9 percent during its third quarter thanks to newly-acquired upstream units.

Russia's Timchenko Says Has 'No Interest' in Buying Bashneft
Tuesday, December 09, 2014 Russian tycoon Gennady Timchenko says he has no interest in buying independent oil firm Bashneft.

Thailand's Mermaid Maritime Raising $500M for Offshore Marine M&A
Tuesday, December 09, 2014 Thai company Mermaid Maritime is building up its cash holdings ahead of moves for merger and acquisition in the offshore marine sector.

Statoil Shuts LNG Plant Due to a Leak, Duration Unknown
Monday, December 08, 2014 Statoil shuts Europe's only plant producing liquefied natural gas for an indefinite period due to a gas leak.

SapuraKencana Clinches $459M Contracts for Work in Asia Pacific, Africa
Monday, December 08, 2014 SapuraKencana Petroleum clinches $459 million contracts for work in Asia Pacific and Africa.

Early Contract Termination for Mermaid Maritime's MTR-2 Tender Assist Rig
Monday, December 08, 2014 Mermaid Maritime reports the early cancellation of a contract for the MTR-2 tender assist rig to operate in Indonesia.

Ireland's Petroceltic Sued by Largest Shareholder
Monday, December 08, 2014 Irish oil producer Petroceltic is sued by its largest shareholder, Worldview Capital Management, which is also calling for the resignation of its CEO.

Hassan Basma Steps Down as Bumi Armada's CEO
Monday, December 08, 2014 Hassan Basma steps down as CEO of Bumi Armada, with Chan Chee Beng taking over as acting CEO.

Precision Drilling Expects Lower Capital Spending in 2015
Monday, December 08, 2014 Canada's Precision Drilling Corporation expects 2015 capital spending to be 44-percent lower than this year's budget.

ASL Marine Accepts Cancellation of 2 Newbuild OSV Contracts
Monday, December 08, 2014 ASL Marine Holdings accepts cancellation of two shipbuilding contracts for offshore support vessels scheduled for delivery next year.