Company Operations News


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PTTEP Boosts Stake in Sinphuhorm Project
Friday, February 15, 2019 PTTEP SP Limited has signed an agreement to acquire a 33.8% stake in APICO LLC.

Noble to Buy Newbuild Jackup
Friday, February 15, 2019 Rig expected to begin operations during the third quarter of 2019.

Tullow Looks at No Deal Brexit Implications
Thursday, February 14, 2019 Tullow, which employs a number of EU nationals in the UK, says its board is concerned about the uncertainty that a No Deal Brexit would cause these 'much-valued members of staff'.

Harvest Oil & Gas Sells San Juan Basin Assets
Thursday, February 14, 2019 US independent Harvest Oil & Gas is exiting the San Juan Basin, just months after emerging from bankruptcy.

ExxonMobil Extends Rowan Drillship Contract
Thursday, February 14, 2019 The supermajor has contracted the ultra-deepwater drillship since September 2018.

Ampelmann Opens New Office in Russia
Wednesday, February 13, 2019 Dutch offshore service provider Ampelmann has opened a new office in Sakhalin, Russia.

Carnarvon Conducting Placement to Raise $50MM
Wednesday, February 13, 2019 Carnarvon Petroleum Limited is conducting a placement to 'institutional and sophisticated investors' to raise approximately $50 million.

Energy Consultancy Sees Strong Start to 2019
Tuesday, February 12, 2019 Energy consultancy Add Energy says it is on track to achieve its growth ambitions after 'a strong start to the year'.




Schlumberger Board Names COO
Friday, February 08, 2019 Olivier Le Peuch takes the COO role immediately.

UK OFS Sector Sees Turnover and Headcount Fall
Wednesday, February 06, 2019 UK oilfield services sector turnover experienced its 3rd consecutive annual decline in 2017, according to a new report from EY.

Chevron Shuffles Senior Leadership
Tuesday, February 05, 2019 Chevron Corporation announces a number of senior leadership appointments.

BP Exceeds Expectations
Tuesday, February 05, 2019 BP joined its Big Oil peers by giving investors a positive surprise.

Claxton Opens New Office in Norway
Friday, February 01, 2019 Offshore services company Claxton revealed Friday that it has opened a new office in Stavanger, Norway.

Shell Pledges To Do It All
Thursday, January 31, 2019 Shell delivers a 'do it all' message.

BHGE Ends 2018 with a $195MM Profit
Thursday, January 31, 2019 The oilfield services giant closes out 2018 with a $195 million profit on nearly $22.9 billion of revenue.

Hillcrest and Xstate Form Strategic Alliance
Wednesday, January 30, 2019 Hillcrest Petroleum signs an MOU with Xstate Resources to jointly pursue oil and gas acquisitions in Canada and onshore US.

SandRidge Energy Names New CEO
Tuesday, January 29, 2019 The Oklahoma City-based shale producer names Paul McKinney as new president and CEO.

Hatch and Ridgemont Seek Permian Assets
Tuesday, January 29, 2019 Newly formed E&P company's management team has acquired approximately $4 billion in assets in past three years.

Ensco and Rowan Amend Merger Agreement
Tuesday, January 29, 2019 The two offshore drillers have amended their agreement to include increased acquisitions.

Lundin Takes Bigger Stake in NCS Assets
Monday, January 28, 2019 Lundin Norway enters into an agreement with Lime Petroleum to acquire its entire Utsira High acreage position covering the Rolvsnes and Goddo basement area.

Ophir Grants Deadline Extension in Medco Takeover Bid
Monday, January 28, 2019 Ophir Energy has given Medco a deadline extension on its takeover offer.

Petrofac Establishing Global Workforce Forum
Friday, January 25, 2019 Petrofac is establishing a global workforce forum.

DOF Bags Contract with Major North Sea Operator
Thursday, January 24, 2019 DOF has been awarded a 2 year contract by a 'major North Sea operator'.

Arabian Sea Jackup Contract Goes to Shelf
Wednesday, January 23, 2019 India's ONGC secures jackup for three years.

Genel Buys Stakes in Chevron KRI Blocks
Tuesday, January 22, 2019 Genel Energy reaches an agreement to acquire stakes in the Chevron operated Sarta and Qara Dagh blocks.

MEG to Cut Spending and Shuffle Board
Tuesday, January 22, 2019 Fresh off defeating a hostile takeover bid, MEG Energy is slashing capital spending and reviewing the makeup of its board.

Saipem Bags Deals Worth Approximately $1.3B
Friday, January 18, 2019 Saipem has secured 2 EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.

Ensco and Rowan Extend Time to Decide on Merger
Friday, January 18, 2019 The two companies have convened and adjourned its general meeting in which they were scheduled to approve resolutions on their merger.

US Drops 25 Oil and Gas Rigs This Week
Friday, January 18, 2019 This marks the third consecutive week of rig declines for the US.

Shell Appoints New Upstream Director
Thursday, January 17, 2019 Shell appoints Wael Sawan as its new upstream director.

Atlas Professionals Buys Brander
Wednesday, January 16, 2019 Energy recruitment specialist Atlas Professionals acquires technical recruitment company Brander.

UK-Based Energy Services Firm Changes Name
Tuesday, January 15, 2019 Fabricom Offshore Services has announced the launch of a new name and corporate identity.

Halliburton Names New Western Hemisphere President
Tuesday, January 15, 2019 The oil services giant has promoted Mark Richard as president for the Western Hemisphere.

Ophir Energy's Board Rejects Medco's Takeover Proposal
Tuesday, January 15, 2019 Ophir's board unanimously rejected the proposal, saying it's undervaluing Ophir.

No Firm Decision on Chevron Asset Bid for Premier
Monday, January 14, 2019 Premier Oil says no firm decision has been taken to bid for 'all or any of the assets currently being marketed by Chevron'.

Chevron Capex Highlights Permian
Monday, January 14, 2019 Chevron's capital budget underscores the importance of shale, particularly in the Permian Basin.

WildHorse to Lay Off Staff After Chesapeake Acquisition
Monday, January 14, 2019 WildHorse Resources Management Company will permanently close its Houston office, resulting in almost 100 layoffs.

Equinor Buys Chevron's Rosebank Stake
Friday, January 11, 2019 Equinor completes the acquisition of Chevron's 40% operated interest in the Rosebank project.

US Drops Four Oil Rigs This Week
Friday, January 11, 2019 The US oil rig count dropped by four this week, while the country added four gas rigs, keeping the total rig count flat.

Oil Giant to Issue First Global Bond in 2019
Thursday, January 10, 2019 Saudi Aramco plans to tap the debt market in 2Q to finance the acquisition of Sabic, likely issuing its first ever international bond and disclosing its accounts in the process.

ConocoPhillips Contracts Rowan Jackup
Thursday, January 10, 2019 The ultra-harsh environment jackup rig boasts a maximum drilling depth of 35,000 feet.

Chesapeake to Cut Rigs to Reduce CAPEX in 2019
Thursday, January 10, 2019 The Oklahoma City-based E&P company is lowering its rig count by 20% in 2019.

One of Oil's Highest Paid Execs Taking Pay Cut
Wednesday, January 09, 2019 One of the oil industry's highest-paid executives is taking a pay cut as his company braces for possibly difficult times ahead after its stock plunged last year.

Unite Members Accept New OCA Offer
Wednesday, January 09, 2019 UK union Unite has revealed that its 2,500 members covered by the Offshore Contractors Association have accepted a revised pay offer from the OCA.

Aberdeen Services Firm to Create 80 Jobs
Monday, January 07, 2019 Aberdeen-based offshore support vessel specialist Sentinel Marine says it will create 80 new jobs by adding 3 multi-role ships to its fleet.

QEP Resources Receives $2B Takeover Bid
Monday, January 07, 2019 Elliott Management Corp. has offered up $2.07 billion in cash for 'undervalued' QEP Resources.

Equinor Wraps Up $470MM NCS Sales
Friday, January 04, 2019 Equinor completes the sales of 2 'non-core' discoveries on the Norwegian Continental Shelf for a combined total of almost $500 million.

New Petrobras CEO Rejects Government Intervention
Friday, January 04, 2019 The new head of Brazil's state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit.

Halliburton's Lesar Exits After 25 Years
Thursday, January 03, 2019 Dave Lesar stepped down as chairman of Halliburton, ending a 25-year run with the oil-services giant.

Shell Extends Jackup Contract in Trinidad
Wednesday, January 02, 2019 Shell has extended its contract for the Rowan Gorilla VI jackup in Trinidad.

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