Company Operations News for Middle East


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Halliburton Positioned to Thrive
Tuesday, April 23, 2019 Halliburton is well positioned to navigate the near-term and thrive in the long run, according to the company's chairman, president and CEO.

Aberdeen Services Firm Hiring After Equity Raise
Monday, April 22, 2019 Aberdeen-based Archer Knight has completed a $649,505 equity raise.

Chevron Cuts Staff in 2018
Tuesday, April 16, 2019 Chevron Corporation further reduced its headcount in 2018, according to the company's latest annual report.

Schlumberger May Choose Current COO as Next CEO
Tuesday, April 16, 2019 Schlumberger Ltd.'s board is leaning toward picking Chief Operating Officer Olivier Le Peuch to become its next chief executive officer, according to a person familiar with the matter.

Oceaneering Launches New Engineering Consultancy
Friday, April 12, 2019 Oceaneering International launches a new global engineering consultancy.

Ex-Chevron Man Becomes Genel CEO
Monday, April 08, 2019 Genel Energy plc has appointed Bill Higgs as its new chief executive officer, with immediate effect.

Saudis Quietly Raise Aramco Royalties
Thursday, April 04, 2019 Saudi Arabia quietly raised taxation on Aramco by switching the oil benchmark used to calculate royalties.

Aramco Pumping Oil at Fraction of Rivals' Costs
Monday, April 01, 2019 The government-owned producer is extracting crude for less than half the costs of its nearest rival.

McDermott Inks Deal to Build EPCI Facility in Saudi Arabia
Thursday, March 28, 2019 Saudi Aramco and McDermott Arabia Company, Ltd. have agreed to allow McDermott to establish a fabrication facility for offshore platforms and onshore/offshore modules.

Total Increases Workforce by 6 Percent
Friday, March 22, 2019 Total increased its global workforce by six percent in 2018, the company's latest registration document has revealed.

Offshore Jackets and Topsides Contract Goes to McDermott
Thursday, March 21, 2019 The work is expected to take 34 months to complete.

Drillers Turning to Big Data in the Hunt for Cheaper Oil
Wednesday, March 20, 2019 The industry is creating new business opportunities for IT, artificial intelligence, big data processing and analytics providers.

BP Hopes Young Recruits Can Make Oil Cool Again
Tuesday, March 19, 2019 Some Big Oil companies are turning to younger hires for insight on competing with tech for talent.

35-Year Onshore Abu Dhabi Concession Goes to Inpex
Monday, March 18, 2019 INPEX will invest up to US$176 million in Abu Dhabi's Onshore Block 4. PHOTO SOURCE: ADNOC

Equinor Makes Close to 1,000 New Hires in 2018
Friday, March 15, 2019 Equinor made 905 new hires in 2018, according to the company's latest annual report.

Shell CEO's Pay More Than Doubles in 2018
Thursday, March 14, 2019 Royal Dutch Shell CEO Ben van Beurden's total pay, including pension, more than doubled in 2018 compared to 2017.

$220 Million in Drilling Contracts Go to Saipem
Wednesday, March 13, 2019 The awards include new contracts and contract extensions.

Digital Platforms Offer Oil, Gas Workforce Solutions
Tuesday, March 05, 2019 Lloyd's Register executive shares why automation and digitalization are key for oil and gas companies to combat an aging workforce and aging assets.

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.

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.

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.

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

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

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

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.

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.

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

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.

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.

No Theft in Saipem Cyber Attack
Tuesday, December 18, 2018 Saipem reveals there has been no theft or loss of data in connection with the cyber attack it suffered recently.

Noble Secures 5 New Rig Contracts
Monday, December 17, 2018 Noble has racked up new contracts in the US Gulf, Australia and South America.

Saipem Reveals Extent of Cyber Attack
Thursday, December 13, 2018 The cyber attack on Saipem hit servers based in the Middle East, India, Aberdeen and Italy.

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

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

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.

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.

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.

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

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.

Shell Produces One of Its Strongest Ever Quarters
Thursday, November 01, 2018 Shell's CEO announced Thursday that good operational delivery across all Shell businesses produced one of the company's strongest ever quarters.

Saudi Aramco Signs Deals Worth Over $34B
Wednesday, October 24, 2018 Saudi Aramco signs 15 Memoranda of Understanding and strategic and commercial collaborations valued at more than $34 billion.

Petronas Buys into Khazzan Field
Monday, October 22, 2018 Oman Oil Company Exploration and Production has agreed to sell a 10% stake in Block 61, where the Khazzan field is located, to PC Oman Ventures, a wholly owned subsidiary of Petronas.

Saipem Seals Services Deals Worth $400MM
Monday, October 15, 2018 Saipem signs new offshore engineering and construction contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of approximately $400 million.

BHGE to Acquire $550MM Stake in ADNOC Drilling
Monday, October 08, 2018 BHGE and ADNOC sign a strategic partnership agreement that will see BHGE acquire a 5% stake in ADNOC's subsidiary, ADNOC Drilling, for $550 million.

OGCI Sets First Collective Methane Target
Tuesday, September 25, 2018 The Oil and Gas Climate Initiative has set its first collective methane target for member companies.

BP Launches Skills Refinery to Improve Student Employability
Friday, September 21, 2018 BP launches the Skills Refinery, a new global online portal that aims to improve students' employability.

Shell Outlines Methane Emissions Intensity Target for O&G Assets
Monday, September 17, 2018 Royal Dutch Shell plc announces a target to maintain methane emissions intensity below 0.2% by 2025.

Driller Transocean Eyes Improved Lease Rates, Activity In 2019
Wednesday, September 05, 2018 Transocean expects rates to lease drilling rigs to improve and contracting activity to pick up in late 2019.

Saudi Aramco Weighing Global Bond Sale for First Time
Friday, July 27, 2018 If Aramco goes ahead with an international bond, the sale would force it to disclose its accounts to investors for the 1st time since nationalization 4 decades ago.

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