Company Operations News


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New CEO for Pioneer
Friday, February 22, 2019 Timothy L. Dove will retire as CEO and a board director, effective immediately.

Total Declines Comment on Reported Dutch Sale Cancellation
Friday, February 22, 2019 A Total SA spokeswoman has declined to comment on the reported cancellation of the sale of mature natural gas fields in the Dutch North Sea.

Ophir Adviser Joins Efforts to Disrupt Takeover
Thursday, February 21, 2019 One of Ophir Energy's earliest investors is adding to pressure the exploration company is facing over a takeover plan.

Wintershall, DEA Plan to Axe 1,000 Jobs
Thursday, February 21, 2019 After Wintershall and DEA complete their merger this year, the newly formed company will be cutting 1,000 jobs.

Ensco and Rowan Merger Given Final Approval
Thursday, February 21, 2019 More than four months after originally announcing their plans to merge, offshore drilling contractors Ensco plc and Rowan Companies plc Rowan Companies plc have been given the final green light.

Schlumberger and Rockwell Create Digital Oilfield Solution
Wednesday, February 20, 2019 Schlumberger and Rockwell Automation are teaming up to create a fully integrated digital oilfield automation solutions provider for the oil and gas industry.

Permian Player May Be Too Big To Sell
Wednesday, February 20, 2019 Consolidation has been a hot topic in the Permian Basin.

OPITO Appoints Ex-Transocean Manager
Tuesday, February 19, 2019 Global energy industry skills body OPITO has appointed ex-Transocean manager Stuart Clow as a director.




Alberta Eyes $1.7 Billion Profit From Crude-by-Rail Project
Tuesday, February 19, 2019 The deal between Canadian Pacific Railway and Canadian National Railway entails leasing 4,400 rail cars over three years.

Kosmos Founding Partner to Retire
Monday, February 18, 2019 Kosmos Energy's chief exploration officer and founding partner, Brian F. Maxted, has decided to retire from the company.

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.

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