Company Operations News


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New Exploration and Production Company Created
Wednesday, December 12, 2018 Eni announces the creation of Var Energi AS.

McDermott and BHGE Join Australia Gas Project
Wednesday, December 12, 2018 McDermott and BHGE have struck a deal with Western Gas to be the exclusive development partners for the Equus Gas Project.

Parker Drilling Files for Chapter 11 Bankruptcy
Wednesday, December 12, 2018 The Houston oilfield services provider has entered a restructuring process.

Cyber Attack Targets Oil and Gas Services Company
Tuesday, December 11, 2018 Saipem suffers a cyber attack on its servers.

ConocoPhillips Plans for $6.1B Capital Spend in 2019
Monday, December 10, 2018 ConocoPhillips is keeping capital expenditures flat in 2019 while anticipating a production surge.

Chevron Boosts Spending on Shale Projects
Friday, December 07, 2018 Chevron raises its spending budget for the first time since 2014.

US Oil Rig Count Drops by 10
Friday, December 07, 2018 US drillers cut 10 rigs this week.

Sapura Energy Consortium Bags $719MM ONGC Contract
Thursday, December 06, 2018 A Sapura Energy consortium has bagged an ONGC services contract valued at approximately $719 million.




Well-Centric Buys Simmons Edeco Europe
Thursday, December 06, 2018 Well-Centric, a FrontRow Energy Technology Group company, announces the acquisition of Simmons Edeco Europe.

Sanchez Energy Enlists Advice from Restructuring Firm
Thursday, December 06, 2018 Sanchez Energy has reached out to a restructuring firm as the company explores strategic alternatives.

DEA to Buy Sierra Oil and Gas
Wednesday, December 05, 2018 DEA Deutsche Erdoel AG signs an agreement to acquire Sierra Oil & Gas.

Baker Hughes Inks Service Contract with Saudi Aramco
Wednesday, December 05, 2018 Baker Hughes inks a three-year well services contract with Saudi Aramco.

Transocean Acquires Ocean Rig
Wednesday, December 05, 2018 Transocean reports that it has completed its acquisition of Ocean Rig UDW Inc.

Workers Return to North Sea Platform After Downman
Tuesday, December 04, 2018 All personnel have been safely returned to the North Sea Brent Charlie platform following a downman on November 27.

Accenture Acquires Enaxis Consulting
Tuesday, December 04, 2018 Accenture acquired Enaxis Consulting to help grow its oil and gas business in North America.

EnQuest Boosts Magnus Stake to 100%
Monday, December 03, 2018 EnQuest completes the acquisition of a 75% interest in the North Sea Magnus oil field from BP.

ADES Buys 11 Drilling Rigs from Weatherford
Monday, December 03, 2018 In the second of a series of closings under one transaction, ADES acquires 11 drilling rigs from Weatherford International.

Shell Completes Sales Worth up to Almost $2B
Friday, November 30, 2018 Shell has wrapped up sales deals worth up to $1.827 billion.

Tenaris to Cut Production and Staff at Canadian Facility
Thursday, November 29, 2018 Tenaris is decreasing production and cutting staff at its AlgomaTubes facility due in part to increases in imports to Canada because of the Trump administration's steel tariffs.

Petrobras Sells Rights in 37 Oilfields for $823MM
Wednesday, November 28, 2018 Brazil's state-controlled oil company is selling its stakes in dozens of oilfields for $823 million.

Offshore Saudi Contract Goes to Boskalis and Lamprell
Wednesday, November 28, 2018 Saudi Aramco has awarded a Long Term Agreement for Offshore Facilities program contract to a consortium.

ADNOC Adds Wintershall to UAE Mega Project
Tuesday, November 27, 2018 ADNOC and the Abu Dhabi Government add Wintershall to the Ghasha ultra-sour gas mega project.

GOM Subsea Contract Goes to McDermott
Tuesday, November 27, 2018 McDermott will install new subsea umbilical and flowline at the Great White Frio development.

Ensign Completes Hostile Takeover of Trinidad Drilling
Tuesday, November 27, 2018 Ensign Energy beats out Precision Drilling in a bidding war for Trinidad Drilling.

North Sea Operators Extend Subsea 7 Deal
Monday, November 26, 2018 Subsea 7 wins extension to its Diving Support Vessel initiative (DSVi) framework agreement.

Amerisur Signs Farm Out Deal with Occidental
Friday, November 23, 2018 Amerisur Resources enters into a farm out agreement with Occidental Andina across several exploration blocks.

ODS Anticipates Creating Up To 500 Jobs by 2021
Thursday, November 22, 2018 UK decommissioning company Offshore Decommissioning Services anticipates that it will create up to 500 new jobs by 2021, according to a company spokesperson.

Johan Castberg FPSO Topside Work Begins
Wednesday, November 21, 2018 Kvaerner is cutting first steel today for the topside of Equinor's Johan Castberg FPSO vessel.

Sapura Energy Wins New Contracts Worth Over $400MM
Wednesday, November 21, 2018 Sapura Energy Berhad strengthens its presence in Mexico and Malaysia with new contract wins.

Energy Firms Help California Wildfire Relief Efforts
Tuesday, November 20, 2018 Several energy companies have pledged donations to support relief efforts for those affected by the wildfires in California.

Heerema to Sell Yards and Cut Staff
Tuesday, November 20, 2018 HFG contends 'the risks associated with building topsides are high and clients are not prepared to pay for this risk.'

Pacific Drilling Emerges from Bankruptcy
Tuesday, November 20, 2018 Pacific Drilling emerges from Chapter 11 bankruptcy and names a new CEO.

Ineos In Talks with ConocoPhillips
Monday, November 19, 2018 Ineos confirms it is in talks with ConocoPhillips after a spokesperson for the U.S. headquartered independent confirmed last week that the company is marketing its UK assets.

ACCC Clears Way for Santos' Quadrant Energy Buy
Monday, November 19, 2018 The Australian Competition and Consumer Commission clears the way for Santos' acquisition of Quadrant Energy.

ConocoPhillips Marketing UK Assets
Friday, November 16, 2018 ConocoPhillips is marketing its UK assets after receiving an unsolicited offer.

V&E Partner Talks Permian Hiring
Friday, November 16, 2018 As long as oil prices remain strong and takeaway capacity exceeds production, producers will be hiring in the Permian, according to V&E partner John Grand.

Anadarko Names Former EVP, CFO as New President
Friday, November 16, 2018 Anadarko names Bob Gwin as the company's president.

Pioneer to Move to All West Texas Sand in 2019
Thursday, November 15, 2018 Pioneer Natural Resources is closing a sand mine in Central Texas as the company transitions proppant supply to West Texas sand sources.

Suncor Energy CEO to Retire Next Year
Thursday, November 15, 2018 Suncor's COO Mark Little will assume the role of CEO after Steve Williams retires in May.

University Launches Growth Program for Energy Firms
Wednesday, November 14, 2018 Robert Gordon University is launching a program to support businesses within the energy sector to accelerate their growth.

Chevron Wellhead Deal Goes to TechnipFMC
Wednesday, November 14, 2018 TechnipFMC signs a surface technologies frame agreement with Chevron.

Wood Wins Mega Project Services Deal
Tuesday, November 13, 2018 Wood secures multi-million dollar contract extension from ADNOC Offshore.

Halliburton Gets Second CFO in 17 Months
Tuesday, November 13, 2018 Halliburton reported Monday that it has promoted Lance Loeffler to CFO.

Pioneer Sells Pressure Pumping Assets to Midland Company
Tuesday, November 13, 2018 Pioneer Natural Resources is selling the assets to Midland, TX-based oilfield services company ProPetro for $400MM.

Kazakhstan Wellhead Megaproject Gets Design
Tuesday, November 13, 2018 Fluor and others have developed one of the world's largest single 3D intelligent plant design models.

ADNOC and Aramco Sign Gas Pact
Monday, November 12, 2018 ADNOC signs a framework agreement with Saudi Aramco to explore potential opportunities for collaboration in the natural gas and LNG sectors.

Maersk Drilling to Sell Jackup
Monday, November 12, 2018 The company has entered into an agreement to sell the Maersk Giant to an Australian-based company.

Sub-Saharan Africa Capex Could Hit $24B in 2019
Friday, November 09, 2018 CAPEX among Sub-Saharan Africa national oil companies and SSA-focused international oil and gas companies is set to register a 13.1% growth in 2019.

Oasis Petroleum Sells Assets to Oasis Midstream
Friday, November 09, 2018 Oasis Midstream Partners LP is buying assets from Oasis Petroleum Inc. for $250 million.

Exxon's $2B Canada Move Shows Confidence
Thursday, November 08, 2018 Almost 2 years after Exxon Mobil removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil unit is investing again.

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