Company Operations News for Gulf of Mexico


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OPITO Makes First Renewables Move Share your comments
Monday, September 28, 2020Global energy industry skills body OPITO announced Monday that it has made its first move into the renewable energy industry.

Devon to Become Bigger Permian Player Share your comments
Monday, September 28, 2020Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal.

The North America OFS Landscape is Changing Share your comments
Monday, September 28, 2020Here is a preview of what to watch this week in the oil and gas markets.

NES and Fircroft Combine Share your comments
Wednesday, September 23, 2020NES Global Talent has revealed that it will combine with the Fircroft Group.

Shell and Microsoft Embark on New Alliance Share your comments
Wednesday, September 23, 2020Shell and Microsoft are embarking on a new strategic alliance to support progress towards a world with net-zero emissions.

Exxon North Sea Retreat Could Yield Gain for Sinopec Share your comments
Tuesday, September 22, 2020China Petroleum & Chemical Corp. (Sinopec), Kuwait Foreign Petroleum Exploration Co. and EnQuest Plc reportedly are bidders for the North Sea assets.

$200MM Oxy Cash Payout Suggests Growing Confidence Share your comments
Monday, September 21, 2020Oxy will pay approximately $200 million in dividends on preferred shares to Berkshire Hathaway in cash rather than common stock.

Poirier to Succeed Girling at TC Energy Share your comments
Monday, September 21, 2020Keystone XL became the central drama of Girling's time at the helm of TC Energy, formerly known as TransCanada Corp.

Maersk Drilling Announces Ambitious Climate Goal Share your comments
Friday, September 18, 2020Maersk Drilling (CPH: DRLCO) announced Friday that it has set an 'ambitious' target of halving the intensity of CO2 emissions from its drilling operations by 2030.

Wintershall to Rely on Flexible Working Share your comments
Friday, September 18, 2020Wintershall Dea has revealed that it will rely on flexible working even after the Covid-19 pandemic subsides.

NOIA Reveals Offshore Safety Award Winners Share your comments
Thursday, September 17, 2020The National Ocean Industries Association (NOIA) on Wednesday identified its Safety in Seas (SIS) award recipients for 2020.

Ex-GE Oil & Gas President Joins Venture Global LNG Share your comments
Wednesday, September 16, 2020Venture Global LNG has announced that Brian Cothran has joined the business as the company's new chief operating officer.

BP Offers Glimpse into Its Trading Business Share your comments
Wednesday, September 16, 2020Trading has been one of the few bright spots during the first half of this year for BP and its peers.

Abu Dhabi Wealth Fund Adds $615MM Cheniere Stake Share your comments
Wednesday, September 16, 2020Abu Dhabi's main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc.

Shell Awards Digital Twin Contract Share your comments
Tuesday, September 15, 2020Shell Global Solutions International has awarded Kongsberg Digital an enterprise framework agreement to supply digital twin software.

Weatherford Gets New President and CEO Share your comments
Monday, September 14, 2020The board of directors of Weatherford International plc (OTC Pink: WFTLF) has announced that it will appoint Girish K. Saligram as the company's new president and CEO.

ConocoPhillips Adds Goldman Sachs Alum to Board Share your comments
Thursday, September 10, 2020ConocoPhillips reported Tuesday that Eric Mullins has been appointed to the company's board of directors.

SLB in Major Deal with IBM and Red Hat Share your comments
Wednesday, September 09, 2020Schlumberger (NYSE: SLB) has announced a 'major' collaboration with IBM and Red Hat to accelerate digital transformation across the oil and gas industry.

Oilfield Fraud Lawsuit Ensnares $100MM CEO Share your comments
Wednesday, September 09, 2020In their lawsuit, investors allege Anadarko executives kept repeating rosy expectations about Shenandoah long enough to profit from them.

$75B Dividend Squeeze Intensifies for Saudi Aramco Share your comments
Wednesday, September 09, 2020Saudi Aramco is trying to pay a $75 billion dividend this year, almost all of it to the state.

INGAA Names New President and CEO Share your comments
Wednesday, September 09, 2020Amy Andryszak will take the helm at INGAA.

Borr Drilling Gets NYSE Notice Share your comments
Tuesday, September 08, 2020Borr Drilling Limited (NYSE: BORR, OSE: BDRILL) announced Monday that it has received written notice from NYSE that the company is not in compliance with the NYSE continued listing standard.

Chevron Welcomes Familiar Face to Board Share your comments
Tuesday, September 08, 2020The former GOP presidential candidate and US ambassador will rejoin Chevron's board next week.

Activist Investor Takes Stake in Noble Energy Share your comments
Tuesday, September 08, 2020The size of the stake, and the investor's intentions, are unknown.

OPEC Puts Celebrations on Ice Share your comments
Monday, September 07, 2020OPEC's 60th anniversary celebrations have been postponed in the wake of the Covid-19 pandemic.

Reliance Gives Plan to Carve Out O2C Assets Share your comments
Monday, September 07, 2020Reliance Industries Ltd. released a detailed plan to carve out its oil-to-chemicals business Sunday.

Exxon Faces Greater Demands from Papua New Guinea Share your comments
Wednesday, September 02, 2020Papua New Guinea is demanding a greater share of the country's resource wealth, stepping up its battle with companies including Exxon Mobil Corp. and Barrick Gold Corp.

Dana Petroleum Gets New CEO Share your comments
Tuesday, September 01, 2020Dana Petroleum revealed Monday that Jongwoo Kim has been appointed the new chief executive of the company.

Schlumberger Sale Marks Shale Turning Point Share your comments
Tuesday, September 01, 2020Schlumberger revealed Tuesday its OneStim unit will be combined with Liberty Oilfield Services in exchange for a 37% stake in the combined company.

SLB Agrees to Create Geothermal Company Share your comments
Monday, August 31, 2020Schlumberger New Energy, a new Schlumberger (NYSE: SLB) business, and Thermal Energy Partners have agreed to create STEP Energy; a geothermal project development company.

Former Venezuela Oil Official Flees to US Share your comments
Monday, August 31, 2020US prosecutors say that professional launderers worked for years to hide the movement of $1.2 billion stolen from PDVSA.

$500MM Aramco Venture Capital Arm Gets New CEO Share your comments
Thursday, August 27, 2020Saudi Aramco appointed a new chief executive officer to run its $500 million venture capital and investments arm after the previous head departed

Schlumberger Alum Joins McDermott Board Share your comments
Thursday, August 27, 2020Andrew F. Gould has joined McDermott International's board of directors, effective Aug. 27, 2020.

BP to Sell GOM Telecoms Network Share your comments
Tuesday, August 25, 2020Offshore communication network provider Tampnet has agreed to purchase an offshore fiber cable system from BP.

Aramco Shakes Up Top Management Share your comments
Monday, August 24, 2020Saudi Aramco reshuffled its senior management and created a division focused on portfolio optimization.

Noble Reveals Date of Chevron Merger Vote Share your comments
Monday, August 24, 2020Chevron has agreed to acquire Noble in an all-stock transaction valued at $5 billion.

Top Oil Fund and Exec Face SEC Action Share your comments
Wednesday, August 19, 2020The world's biggest exchange-traded fund tracking oil is facing US regulatory action.

Valaris Files Chapter 11 Share your comments
Wednesday, August 19, 2020The restructuring agreement will cut more than $6.5 billion of debt.

Berkshire Hathaway Sells Oxy Stake Share your comments
Monday, August 17, 2020Warren Buffett's Berkshire Hathaway, Inc. had helped fund Occidental's takeover of Anadarko Petroleum Corp.

Whiting CEO to Exit Months After Payout Share your comments
Saturday, August 15, 2020Whiting Petroleum's CEO will leave the company just five months after receiving a $6.4 million payout to see the company through bankruptcy proceedings.

Bilfinger Cuts Almost 6000 Jobs Share your comments
Friday, August 14, 2020Bilfinger had 5,936 fewer employees in the second quarter of 2020 compared to the same period last year.

Seadrill to Cut 168 Jobs in Houston Share your comments
Friday, August 14, 2020Seadrill Americas has notified employees of pending layoffs at its 11025 Equity Dr., Suite 150 location in Houston.

Southwestern to Expand Appalachia Footprint Share your comments
Thursday, August 13, 2020Southwestern Energy reported Wednesday that it has reached a definitive agreement to acquire Montage Resources in an all-stock transaction.

Carr to Succeed Milton at ExxonMobil Share your comments
Thursday, August 13, 2020Ian Carr most recently served as senior vice president of ExxonMobil's Fuels business.

Solstad Offshore Bags Several New Deals Share your comments
Thursday, August 13, 2020Solstad Offshore ASA has bagged several new deals this week.

Petrofac Sets Net Zero and Diversity Targets Share your comments
Wednesday, August 12, 2020Petrofac revealed Tuesday that it has set two new targets to reach by 2030.

$5B Chevron Deal Wins Support from Israeli Official Share your comments
Wednesday, August 12, 2020Israel's energy minister is "confident" the country's regulators will allow Chevron Corp. to operate the local natural gas assets of Noble Energy Inc.

Halliburton to Auction Off Sites from Alberta to Louisiana Share your comments
Wednesday, August 12, 2020The firm plans to sell 13 North American sites through a mix of online and in-person bidding.

Iran Wants the Public to Invest in Oil Share your comments
Wednesday, August 12, 2020Iran plans to enable members of the public to invest in oil on its capital markets for the first time.

Marsden to Succeed Cathcart at Bechtel Share your comments
Tuesday, August 11, 2020Bechtel reported that it has named Paul Marsden president of its Oil, Gas & Chemicals (OG&C) business.

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