Results 39 articles shown
EGME to Employ 1,000 People across Africa from 2016
Monday, May 02, 2016 Essel Group Middle East will employ up to 1,000 people across Africa from 2016 onwards, according to the company's group chief executive Punkaj Gupta.
Premier Completes E.ON North Sea Asset Acquisition
Friday, April 29, 2016 Premier Oil plc completes the acquisition of UK North Sea assets from E.ON.
Fugro to Cut 600 Employees in 'Coming Quarters'
Friday, April 29, 2016 Fugro will reduce its headcount by around 600 employees in "the coming quarters" as it continues to adjust its cost base and capacity to "the market reality".
Eni Swings To Net Loss But Operating Profit Beats Expectations
Friday, April 29, 2016 Eni beats operating profit expectations in 1Q despite swinging to a net loss because of weak oil prices and a charge on its Saipem holding.
Oil Firm Det Norske Repeats 2016 Guidance, 1Q In Line
Friday, April 29, 2016 Det norske reports 1Q operating earnings in line with expectations and repeats its outlook guidance for 2016.
ConocoPhillips Tables Asset Sales As Rout Worsens Buyer's Market
Friday, April 29, 2016 ConocoPhillips is pulling some of its assets off the market as a prolonged industry downturn makes it harder to get the desired prices.
Oil Service Firm Aker Solutions Says Market Uncertainty Persists
Thursday, April 28, 2016 Aker Solutions posts 1Q earnings in line with expectations and says outlook for its core Norwegian market still looks subdued this year amid the lower crude prices.
Wood Group Secures 5-Year Services Deal With BP Offshore Azerbaijan
Thursday, April 28, 2016 Wood Group secures a new 5 year contract with BP-operated projects, valued at $500 million, to deliver engineering, procurement and construction management services to 8 facilities, offshore Azerbaijan.
Worldwide Recruitment Solutions Expands in Singapore to Support APAC Growth
Thursday, April 28, 2016 Worldwide Recruitment Solutions expands in Singapore to support its growing Asia Pacific operations.
Tullow Oil Cuts Deeper As Banks Agree To Amend Loan Terms
Thursday, April 28, 2016 Tullow Oil reduces its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices.
Technip Q1 Better-Than-Expected Thanks To Record Vessel Use
Thursday, April 28, 2016 Technip reports a smaller-than-expected drop in quarterly revenue, as a strong backlog of projects meant its vessel use rate was at a record high despite the slump in the oil and gas sector.
Singapore's Viking O&M Names Low Jooi Kok as CEO
Wednesday, April 27, 2016 Singapore's Viking Offshore and Marine names Low Jooi Kok as chief executive officer to succeed Ong Choo Guan.
Cenovus Energy Cuts 2016 Budget, Loss Narrows On Forex Gain
Wednesday, April 27, 2016 Cenovus Energy Inc reports a smaller quarterly loss, helped by foreign exchange gains, and says it will cut its 2016 capital budget to help cope with a prolonged slump in oil prices.
Amec Foster Wheeler Appoints Halliburton Executive As CEO
Wednesday, April 27, 2016 Amec Foster Wheeler appoints Halliburton executive Jonathan Lewis as chief executive, replacing long-serving CEO Samir Brikho who left unexpectedly in January.
Ocean Rig Acquires an Ultra Deepwater Drillship for $65M
Wednesday, April 27, 2016 Ocean Rig acquires an ultra deepwater drillship through an auction for $65 million.
Dayang Bags Topside Maintenance Services Deal for KPOC's Kebabangan Field
Tuesday, April 26, 2016 Dayang Enterprise bags a 2 year topside maintenance services contract from Kebabangan Petroleum Operating Company for the Kebabangan project offshore Sabah, Malaysia.
Lansdowne Fails to Farm-Out Celtic Sea Licenses
Tuesday, April 26, 2016 Lansdowne Oil & Gas fails to farm-out the SEL 5/07 and SEL 5/08 licenses in the Celtic Sea offshore the south coast of Ireland, "due to adverse industry conditions".
Serbian Engineer Abducted In Libya
Tuesday, April 26, 2016 A Serbian engineer has been kidnapped in a remote area of Libya near the Egyptian border.
BP Reduces Losses, Prepares to Cut CAPEX
Tuesday, April 26, 2016 BP plc reveals that its losses before interest and tax reduced to $1.2 billion in 1Q 2016, from $2.2 billion in 4Q 2015, and states that it is prepared to further cut its capital expenditure.
Singapore's Calm Ocean Building 2 Heavy-Lift Semisubs in China
Tuesday, April 26, 2016 Singapore-based Calm Oceans is building 2 heavy-lift semisubmersibles for the construction and decommissioning of offshore platforms at Blue Island Shipyard in China.
POSH Secures Vessel Services Contracts in the Middle East
Tuesday, April 26, 2016 PACC Offshore Services Holdings Ltd. secures long term charters for 8 offshore supply vessels, with a combined value of approximately $167.5 million, with "a Middle Eastern national oil company".
Singapore High Court Grants Stay of the Action in PPLS-MPD Jackup Spat
Tuesday, April 26, 2016 Singapore High Court grants Marco Polo Drilling a stay of the action on arbitration proceedings commenced by PPL Shipyard over the termination of a jackup construction contract.
Subsea 7 Secures Services Contract Offshore UK
Monday, April 25, 2016 Subsea 7 secures an engineering, procurement, instalation and commissioning contract from Apache North Sea, worth between $50 and $150 million, as part of the Callater field development.
Wood Group Secures Statoil Services Contracts across NCS
Monday, April 25, 2016 Wood Group wins 4 subsea contracts with Statoil on the Norwegian Continental Shelf, with the latest award comprising a study to deliver subsea field concept engineering for the Snorre expansion project.
Shell To Close BG Head Quarters Near London By Year End
Monday, April 25, 2016 Shell will close the head office of BG Group, the gas producer it agreed to acquire for $50 billion in February, by the end of the year.
Canada's Precision Drilling Posts Quarterly Loss
Monday, April 25, 2016 Canadian rig contractor Precision Drilling Corp posts a first-quarter loss, compared with a profit a year earlier, hurt by lower demand for rigs amid a prolonged slump in oil prices.
Australia Watchdog Looks To End ExxonMobil, BHP Joint Gas Sales
Friday, April 22, 2016 Australia's competition watchdog wants to break up a marketing joint venture between ExxonMobil and BHP Billiton to help boost competition in the eastern Australian gas market, it says.
National Oilwell Varco Lays Off Another 520 Staff In Norway
Friday, April 22, 2016 National Oilwell Varco will cut its Norwegian workforce by another 520 people after low oil prices resulted in fewer orders.
Lundin Petroleum Reveals Pre-Tax Exploration Costs for 1Q 2016
Friday, April 22, 2016 Lundin will incur pre-tax exploration costs of approximately $71 million in the first quarter of 2016, according to the company's latest financial update.
Odfjell Drilling Confirms 200 Job Cuts Globally
Thursday, April 21, 2016 Odfjell Drilling confirms to Rigzone that it will be cutting around 200 jobs globally in response to the lower oil price environment.
Shell Eyes $700M Exit from Gabon
Thursday, April 21, 2016 Royal Dutch Shell is working on selling out of its onshore assets in Gabon, according to two sources familiar with the matter, seeking to refocus its African presence.
Wood Group Secures 5 Year North Sea Services Deal with Nexen
Thursday, April 21, 2016 Wood Group secures a 5 year contract by Nexen, valued at $150 million, to deliver operations, maintenance and technical support across the company's North Sea offshore assets.
Technics Oil & Gas Appoints Ng Chiu Yuen as Group MD
Thursday, April 21, 2016 Singapore-based Technics Oil & Gas appoints Ng Chiu Yuen as group managing director.
Transocean, Jurong Shipyard Reach Deal to Defer Delivery of 2 Drillships
Wednesday, April 20, 2016 Transocean reaches agreement with Jurong Shipyard to defer delivery of two ultra deepwater drillships.
Jacobs Bags Contract to Join Woodside's Engineering Services Panel
Wednesday, April 20, 2016 Jacobs Engineering bags a contract from Woodside to join a panel to provide engineering services for the latter's onshore and offshore assets in Australia.
Halliburton Is Said to Face EU Objections to Baker Hughes Deal
Wednesday, April 20, 2016 Halliburton's troubled bid to buy oil-services rival Baker Hughes faces a formal complaint from European Union regulators as soon as this month, adding to a court fight with US antitrust officials.
DOF Subsea Secures Global Services Contracts
Wednesday, April 20, 2016 DOF Subsea, a subsidiary of DOF ASA, secures global services contracts worth in excess of $61 million over the past few months.
Aker Solutions Wins Engineering Services Agreement with Lundin
Wednesday, April 20, 2016 Aker Solutions secures a framework agreement from Lundin Norway to provide engineering services for offshore developments in Norway.
ITF JIP Enters Trial Phase with Support from Total, BP, Shell, Chevron
Wednesday, April 20, 2016 A joint industry project established through The Industry Technology Facilitator (ITF) has entered a trial phase with the support of oil and gas operators.
|Brent Crude Oil :||$48.1/BBL||0.06%|
|Light Crude Oil :||$44.78/BBL||2.48%|
|Natural Gas :||$2.04/MMBtu||5.99%|
|Updated in last 24 hours|