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News Categories: Company Operations News

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Chesapeake Reaches $25M Michigan Settlement Over Leasing Charges
Friday, April 24, 2015 Chesapeake will create a $25 million compensation fund as part of a settlement of antitrust, fraud and racketeering charges brought by the state of Michigan.

Enterprise Products Wins Verdict against Energy Transfer Partners
Friday, April 24, 2015 A Houston district court jury finds Energy Transfer Partners breached its contract with competitor Enterprise Products Partners LP.

Pink Petro's CEO Mehnert Bags Vanguard Award
Friday, April 24, 2015 Pink Petro CEO and Founder Katie Mehnert received the Vanguard Award in recognition of Mehnert's commitment to developing a pipeline of talent in STEM careers at the luncheon.

Ithaca Agrees to Sell Norwegian Business to Hungary's MOL
Friday, April 24, 2015 North Sea-focused Ithaca Energy agrees to sell its Norwegian business to Hungary's MOL for $60 million.

Norway's Giant Sverdrup Oil Field Could Face Delay, Cost Overrun
Friday, April 24, 2015 The start of Norway's 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts but the project could break even at about half of the current oil price, authorities say.


  



Baker Hughes: US Oil Rig Count Decline Quickened This Week
Friday, April 24, 2015 The fall in US rigs drilling for oil quickened a bit this week suggesting a recent slowdown in the drilling decline was temporary.

Betting on Oil Price Recovery, Statoil Snips Where Rivals Slash
Thursday, April 23, 2015 Statoil cuts investments less than any other oil major this year, positioning for a crude price recovery.

Sino G&E Raises $62M in Share Placement, to Fund China Gas Assets
Thursday, April 23, 2015 Sino Gas & Energy raises $62 million in share placement, with the funds to be used for its China unconventional gas projects.

Oil Services Company Weatherford Raises Job Cuts Target to 10,000
Thursday, April 23, 2015 Oil services company Weatherford increases the total number of employees it is looking to lay off in 2015 to 10,000 as it copes with the fall in oil prices.

Worldwide Recruitment Solutions Opens Singapore Office to Expand in Asia
Thursday, April 23, 2015 Global energy recruiter Worldwide Recruitment Solutions opens an office in Singapore to expand in Asia.

Lloyds Energy Eyes Near-Shore FLNG Project
Thursday, April 23, 2015 Lloyds Energy eyes near-shore floating liquefied natural gas project.

BP to Sell UK Gas Pipeline Stake to Infrastructure Fund
Thursday, April 23, 2015 BP agrees to sell its stake in one of Europe's biggest pipelines to Antin Infrastructure Partners.

Dutch Engineer Arcadis Collateral Victim of Brazil Scandals
Thursday, April 23, 2015 Dutch engineer Arcadis sees a sharp drop in revenues from Brazil amid fallout from corruption scandals in the Brazilian oil and gas industry.

Malaysian Firm Sells Drilling Rig for $223M
Wednesday, April 22, 2015 Coastal Contracts sells a jack-up rig for $223 million.

Sembawang Shipyard Bags Teekay's $41M Gina Krog FSO Conversion Project
Wednesday, April 22, 2015 Sembcorp Marine's unit Sembawang Shipyard bags a $41.4 million floating storage and offloading conversion contract from Teekay for the Gina Krog field in the North Sea.

OPITO Enters into China's Oil, Gas Training Provider Sector
Tuesday, April 21, 2015 OPITO marks entry into China with the accreditation of Shenzhen Safeway Technology Service in Guangdong Province.

Contract Driller Nabors Posts 10.5% Fall In Revenue
Tuesday, April 21, 2015 Nabors' quarterly revenue falls 10.5%, hurt by slower drilling activity in North America, and the company says it cut its workforce by more than 18% since the end of 2014.

BP Readies Defenses as Oil Industry Responds to Shell's BG Raid
Tuesday, April 21, 2015 As the oil industry takes stock of Shell's $70 billion move for BG, one company has more to chew on than most. BP is now thinking what was once unthinkable: that it could be next in the cross-hairs.

Transocean Names New CEO
Tuesday, April 21, 2015 Transocean announces that Jeremy D. Thigpen has been named President and Chief Executive Officer effective April 22.

Lundin Appoints New Operations VP
Monday, April 20, 2015 Sweden's Lundin Petroleum appoints Nick Walker to head development and operations.

Venezuela Wants Oil Firm Harvest Out, If It Can Find Deep-Pocketed Buyer
Monday, April 20, 2015 Venezuela would prefer Harvest Natural Resources to leave the country, but wants it to sell a project stake to a company with financial muscle to make major investments, PDVSA says.

Atwood Osprey's Drilling Contract Shortened by a Year
Monday, April 20, 2015 Atwood Oceanics reports that Atwood Osprey's current drilling contract has been shortened by a year.

Laggan-Tormore Project Causes More Woe for Petrofac
Monday, April 20, 2015 Petrofac incurs a further $195 million loss after adverse weather conditions and industrial action cause delays on the Laggan-Tormore gas plant project in the Shetlands.

Encana Says to Explore Sale of Haynesville Gas Properties
Monday, April 20, 2015 Encana is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, according to sources.

Reliance's 4Q FY15 Oil, Gas Revenue Declines 10.2% to $402.8M
Monday, April 20, 2015 Reliance's oil and gas revenue declines 10.2 percent in the fourth quarter of 2015 to $402.08 million, down from $447.68 million a year ago.

Seadrill Unit's Deal with Russia's Rosneft Postponed Again
Friday, April 17, 2015 Seadrill subsidiary North Atlantic Drilling delays closing a cooperation deal with Rosneft amid western sanctions against Russia.

Schlumberger Impresses With Cost Cuts, Resilient Margins
Friday, April 17, 2015 Schlumberger reports a smaller-than-expected fall in 1Q margins as it continues to execute tight cost controls to combat a decline in drilling activity.

Keppel O&M Records 1Q 2015 Net Profit of $150.4M, Down 12% YOY
Friday, April 17, 2015 Keppel Offshore & Marine posted a net profit of $150.4 million in the first quarter of 2015, down 12 percent from a year ago.

Total, BP Feel No Pressure To Make Acquisitions After Shell
Thursday, April 16, 2015 France's Total and British rival BP say they aren't under pressure to make acquisitions after Shell's recent takeover of BG Group.

Ezra's Subsea Division EMAS AMC Clinches $55M Contracts
Thursday, April 16, 2015 Ezra Holdings' subsea division EMAS AMC clinches $55 million contracts from several oil and energy companies.

Madagascar Oil Awarded 25-Year Development Title for Tsimiroro Block
Thursday, April 16, 2015 Madagascar Oil is awarded a 25-year 'Development Mining Title' for the Block 3104 Tsimiroro production sharing contract.

Petrobras Says Has No Plans to Sell Sub-Salt Oil Fields
Thursday, April 16, 2015 Petrobras says it has no plans to sell sub-salt oilfields in a divestment program aimed at shoring up its finances.

Otto Marine Delivers 4 OSVs, Including 2 AHTS, to Pertamina's Subsidiary
Thursday, April 16, 2015 Otto Marine delivers four offshore support vessels, including two anchor handling tug supply vessels, to PT Pertamina Trans Kontinental at its yard in Batam, Indonesia.

Woodside's 1Q 2015 Sales Revenue Falls 16%, Hit by Low Oil Prices
Wednesday, April 15, 2015 Woodside's sales revenue falls 15.9% to $1.408 billion in 1Q 2015 despite a 3% rise in sales volume, with the decline attributed to lower oil prices.

UMW Commences Arbitration as Frontier Breaches UMW Naga 7 Contract
Wednesday, April 15, 2015 UMW Offshore Drilling commences arbitration in Singapore regarding a breach of contract by Philippines' Frontier Drilling for the UMW Naga 7 jackup.

CEO: Petronas Not Cutting Pay Or Staff
Wednesday, April 15, 2015 Petronas denies a media report that said staff at one of its units were asked to take a pay cut due to the plunge in global oil prices.

Wintershall Strengthens Position in Southern North Sea
Wednesday, April 15, 2015 German oil and gas producer Wintershall plans to step up its activities in the southern North Sea.

Statoil Board Member Resigns to Avoid Conflict of Interest
Wednesday, April 15, 2015 Catherine Hughes resigns from Statoil's board to avoid potential conflict of interest after "a recent change of circumstances".

Bumi Armada Lands $300M LNG FSU Contracts for EGM in Malta
Wednesday, April 15, 2015 Bumi Armada's subsidiaries ink $300 million contracts to supply, operate and maintain a liquefied natural gas floating storage unit for ElectroGas Malta.

Civmec Enters into Due Diligence to Acquire Technip's Indonesian Subsidiary
Tuesday, April 14, 2015 Civmec enters into due diligence to acquire Technip's Indonesian subsidiary PT Global Industries Asia Pacific.

Gulfsands Ousts CEO, Names Waterford Nominee as Chairman
Tuesday, April 14, 2015 Gulfsands removes Mahdi Sajjad as chief executive after investor pressure.

Papua New Guinea In Talks To Raise Billions To Fund Oil, Gas Plans
Tuesday, April 14, 2015 Papua New Guinea's NPCP is looking to raise billions of dollars to help fund new oil and gas projects, as the South Pacific country battles a sharp slump in forecast revenue.

Technip Wins Subsea Contract for Triton FPSO
Tuesday, April 14, 2015 Technip wins a brownfield subsea contract from Dana Petroleum for its Triton floating production, storage and offloading vessel in the North Sea.

Tap Oil Updates on Commercial Spat with Thai Partner in Manora Oil Field
Tuesday, April 14, 2015 Tap Oil updates on its commercial dispute with the firm's joint venture partner in the Manora oil development in the Gulf of Thailand.

Subsea 7 Bags $200M Contract from Petrobras for Offshore Brazil Projects
Tuesday, April 14, 2015 Subsea 7 bags $200 million contract to install flexible lines for Petrobras' oil and gas projects offshore Brazil.

Yemen LNG Declares Force Majeure, Halts Production Over Worsening Security
Tuesday, April 14, 2015 Yemen's liquefied natural gas (LNG) plant declares force majeure due worsening security and has halted all production at the plant.

UKOG Completes Purchase of Markwells Wood License
Monday, April 13, 2015 UK Oil & Gas reports the completion of the acquisition of a 40-percent interest in the PEDL126 license in southern England, which contains the Markwells Wood oil discovery.

Gulf International Drilling's Contracts Hit by Low Oil Prices
Monday, April 13, 2015 Sharp oil price decline negatively impacts on Gulf Drilling International's drilling contracts, with one cancelled and the other being renegotiated.

PPP Informs Shareholders to Take No Action on Zeta Energy's Takeover Offer
Monday, April 13, 2015 Pan Pacific Petroleum informs shareholders to take no action regarding Zeta Energy's takeover offer as it prepares a formal recommendation on the acquisition.

Seismic Firm TGS to Cut 10th of Workforce, Slashes Guidance
Monday, April 13, 2015 Norwegian seismic survey firm TGS to lay off a 10th of its workforce as energy companies slash spending.

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