Company Operations News for Middle East


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Subsea 7 Expects to Slash Around 3,000 Jobs Share your comments
Thursday, May 28, 2020Subsea 7 expects to slash around 3,000 people from its global workforce of 12,000 by the end of the second quarter of next year.

Saipem Signs Global Engineering Deal with Equinor Share your comments
Tuesday, May 26, 2020Saipem has signed a two-year frame agreement with Equinor covering engineering services worldwide.

BP Offshore Deals Go to Worley Share your comments
Thursday, May 21, 2020BP has formed a pair of global framework agreements with Worley tied to BP's global offshore developments.

Shell Planning Voluntary Job Losses Share your comments
Thursday, May 21, 2020Shell will have a clearer picture of what the reorganization of the company will look like by the end of the year.

McDermott Lands Middle East FEED Contract Share your comments
Tuesday, May 19, 2020Work on the project is set to start immediately.

Redundancy at Heart of Lone Worker Lifeline Share your comments
Tuesday, May 12, 2020Industrial Scientific Corp. unveiled a technology meant to provide a measure of safety for lone workers in the field.

Solstad Bags Vessel Contracts Share your comments
Tuesday, May 12, 2020Solstad Offshore ASA revealed Monday that two of its vessels have been awarded new contracts.

Aramco Weighs Staggering Sabic Payments Share your comments
Monday, May 11, 2020Saudi Aramco is in early talks about further staggering payments for a controlling stake in local petrochemical giant Saudi Basic Industries Corp.

Total Targets Carbon Neutrality in 2050 Share your comments
Tuesday, May 05, 2020Total SA set out bolder commitments to eliminate most of its carbon emissions by 2050, while curbing spending on oil and gas projects due to the crude-price slump.

ADNOC Seeks Subsea First for MENA Region Share your comments
Tuesday, April 28, 2020The high-voltage, direct current subsea power transmission system would link ADNOC's offshore production facilities to ADPower's onshore electricity grid.

Diamond Offshore Files for Bankruptcy Share your comments
Sunday, April 26, 2020Diamond Offshore Drilling filed for bankruptcy amid an unprecedented crash in crude prices that's wrecking demand for oil exploration at sea.

Cheniere Pledges $1MM+ to Battle Pandemic Share your comments
Thursday, April 23, 2020Cheniere Energy has pledged more than $1 million to organizations that provide essential services to those most in need and at risk during the Covid-19 outbreak.

Equinor Appoints New Exploration Leader Share your comments
Wednesday, April 22, 2020Equinor revealed Wednesday that it has appointed a new exploration leader.

Survivex Delivers Remote Safety Training in Lockdown Share your comments
Monday, April 20, 2020Survivex is delivering safety training to oil workers in Asia from its base in Aberdeen during the coronavirus lockdown.

SandRidge Energy Places Some Staff on WARN Leave Share your comments
Friday, April 17, 2020Affected employees will remain on WARN Leave through June 14.

Offshore Drilling Starts for Qatar Mega-Project Share your comments
Thursday, April 16, 2020Qatar Petroleum has begun the offshore development drilling campaign for its North Field East Project. PHOTO SOURCE: Qatar Petroleum

ADNOC Cancels $1.65B Dalma Gas Contracts Share your comments
Thursday, April 16, 2020ADNOC has terminated two recently awarded contracts for the Dalma Gas Development Project.

Exxon Opens Nominations for Power Play Awards Share your comments
Wednesday, April 15, 2020ExxonMobil has officially opened nominations for the second annual Power Play Awards.

BP Bosses Give Donations to Mental Health Charities Share your comments
Tuesday, April 14, 2020BP Chief Executive Officer Bernard Looney has revealed that he and BP Chairman Helge Lund have decided to give 20 percent of their salaries for the rest of the year to mental health charities.

Petrofac Cutting Salaries and Staff Share your comments
Monday, April 06, 2020Petrofac Limited announced Monday that it is taking decisive actions to improve its cost competitiveness and protect the long-term health of its business.

Wood Significantly Adjusts Cost Base Share your comments
Friday, April 03, 2020Wood announced Thursday that it is taking action to 'significantly' adjust its cost base in anticipation of a reduction in activity levels.

Saudis Have Pricing Problem as Oil War Hits Month Two Share your comments
Friday, April 03, 2020Saudi Aramco will need to price its crude at aggressively low levels this month to keep its customers satisfied.

Silver Eagle to Build Drilling Units Share your comments
Wednesday, April 01, 2020Above is a rendering of Silver Eagle Global's new SEDU. IMAGE SOURCE: Silver Eagle Global

Polarcus Cuts Jobs and Salaries Share your comments
Wednesday, April 01, 2020Polarcus Limited has announced a $15 million cost reduction plan following the coronavirus outbreak and recent oil price crash.

BP CEO Says Staff Jobs Safe For at Least Three Months Share your comments
Monday, March 30, 2020CEO Bernard Looney made the promise in a live webcast to about 7,000 employees from his apartment in London.

BP Foundation Donates $2MM to Pandemic Fight Share your comments
Friday, March 27, 2020The BP Foundation is donating $2 million to the World Health Organization's Covid-19 Solidarity Response Fund.

Equinor Launches $3B Action Plan Share your comments
Thursday, March 26, 2020Equinor revealed Wednesday that it has launched a $3 billion action plan to strengthen its financial resilience in 2020.

Seadrill Re-Hires Houlihan Share your comments
Thursday, March 26, 2020Billionaire John Fredriksen's Seadrill Ltd. re-hired long time adviser Houlihan Lokey Inc. to engage in fresh talks with lenders, people familiar with the situation said.

Exxon Shortens Jack-up Contract Share your comments
Tuesday, March 24, 2020Dubai-based Shelf Drilling Ltd. said its Trident XIV jack-up rig customer intends to terminate the contract early.

Chevron Cuts Spending by $4B Share your comments
Tuesday, March 24, 2020Chevron became the latest oil company to take an ax to its budget.

Shell Tightens Belt Amid Pandemic Share your comments
Monday, March 23, 2020Shell has embarked on a series of operational and financial initiatives that are expected to contribute $8-9 billion of free cash flow on a pre-tax basis.

Tenaris Cutting 900+ Employees Share your comments
Monday, March 23, 2020Tenaris is cutting more than 900 employees in the United States due to the sharp decline in the price of oil.

Exxon Looks to Significantly Reduce Spending Share your comments
Tuesday, March 17, 2020ExxonMobil is looking to significantly reduce spending due to the market conditions caused by the COVID-19 pandemic and commodity price decreases.

Ineos Takes Virus Action Share your comments
Monday, March 16, 2020Ineos Group has announced a series of measures to protect employees following the outbreak of the coronavirus.

Apache Responds to Low Oil Prices Share your comments
Friday, March 13, 2020Apache Corporation has announced multiple actions in response to the current oil price environment.

Wood Makes Exclusive Tech Deal with Shell Share your comments
Thursday, March 12, 2020The deal applies to a slug suppression device for pipeline-riser systems.

Weir to Become Mining Tech Pure Play Share your comments
Thursday, February 27, 2020Weir Group plc has announced that its focus is now on becoming a mining technology pure play.

Aramco Signs Deals Worth Over $21B Share your comments
Wednesday, February 26, 2020Saudi Aramco has signed 66 Memoranda of Understanding and strategic and commercial collaborations worth more than $21 billion.

Petrofac Bags Sharjah Project Share your comments
Friday, February 21, 2020Petrofac's EPS division has been awarded an EPCC contract by Sharjah National Oil Corporation.

Repsol Profit Misses Estimates Share your comments
Thursday, February 20, 2020Repsol SA reported fourth-quarter earnings that missed estimates as a weaker refining and chemicals business and a drop in crude prices had a larger impact than expected.

CGG Exits Land Seismic Business Share your comments
Wednesday, February 19, 2020The company has embarked on a strategic transition.

Petrofac Bags $1.6B Contracts for Mega Project Share your comments
Tuesday, February 18, 2020Petrofac Emirates has been awarded two contracts by Abu Dhabi National Oil Company worth a total of around $1.65 billion.

TGS Appoints New CFO Share your comments
Tuesday, February 18, 2020TGS has appointed Fredrik Amundsen as its new chief financial officer.

Transocean Ups Backlog by $366MM Share your comments
Monday, February 17, 2020Transocean reported that it has added 10 contracts since last October.

TechnipFMC Expects $2.4B Impairment Charge Share your comments
Wednesday, February 12, 2020TechnipFMC has revealed that it expects approximately $2.4 billion of non-cash asset impairment charges to impact its results in the fourth quarter.

New BP CEO Sets Out Plan Share your comments
Wednesday, February 12, 2020BP pledged to achieve net-zero carbon emissions from its oil and gas operations and production by 2050.

Ineos Teams Up with F1 Team Share your comments
Tuesday, February 11, 2020Ineos has teamed up with the Mercedes-AMG Petronas Formula One team through a new principal partnership.

BP Downstream Chief to Move On Share your comments
Monday, February 10, 2020Tufan Erginbilgic, the chief executive of BP plc's Downstream segment since 2014, has decided to leave the company at the end of next month.

Total Profit Beats Estimates Share your comments
Thursday, February 06, 2020Total SA's fourth-quarter profit beat even the highest estimate as record production offset the impact of slumping natural gas prices and strikes at its French oil refineries.

BP Shines in Oil Industry Gloom Share your comments
Tuesday, February 04, 2020BP's fourth-quarter profit beat analyst estimates and the company increased its dividend slightly.

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