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Company Operations News

Friday, December 15, 2017

Company Operations News

EIC Appoints New Board Members
The Energy Industries Council (EIC), a trade association for companies that supply goods and services to energy industries worldwide, has announced the appointment of 2 new board members.

Thursday, December 14, 2017

Company Operations News

Cenovus Energy To Cut More Jobs Amid Cost-Cutting Push
Cenovus will cut an additional 15% of its workforce and lower operating expenses as new chief executive, Alex Pourbaix, works aggressively to cut costs and lower debt.

UK's Petrofac Sees Recovery In New Orders, Cuts CAPEX
Oilfield services company Petrofac Ltd sees a recovery in new orders as an uptick in oil prices boosts project activity.

Wednesday, December 13, 2017

Company Operations News

ExxonMobil to Lead Construction, Ops of Mozambique LNG Facilities
ExxonMobil assumes responsibility for midstream ops in deepwater Mozambique block.

Mozambique President Sacks Energy And Foreign Ministers
Mozambican President Filipe Nyusi has sacked 4 ministers, including those with the foreign affairs and energy portfolios, his office said in a statement late on Tuesday.

UK's Wood Group Sees 2017 Core Earnings Of $590-$600MM
John Wood Group, which bought smaller rival Amec Foster Wheeler earlier this year, expects 2017 core earnings of between $590 million and $600 million.

Aker Solutions Wins Modification Contract
Aker Solutions has won an order from Maersk Drilling to modify the production module on the Mærsk Inspirer jack-up rig for the Repsol-operated Yme oilfield offshore Norway.

Tuesday, December 12, 2017

Company Operations News

Saffron Energy Unveils Board Changes
Saffron Energy plc announces a number of changes to its board.

Monday, December 11, 2017

Company Operations News

Kuwait Replaces Oil And Finance Ministers - State News Agency
Kuwait replaced its oil and finance ministers in a cabinet reshuffle on Monday, state news agency KUNA reported.

Subsea UK Unveils New Board for 2018-19
Industry body Subsea UK has unveiled its new board for 2018-19, following a members' ballot at its Annual General Meeting.

AWE receives acquisition proposal from Mineral Resources Limited
AWE Limited receives an acquisition proposal from Mineral Resources Limited.

Friday, December 8, 2017

Company Operations News

One Dead, Output Shut After Accident At Norway's Tambar Oilfield
One person has been confirmed dead following an accident on Thursday on a Maersk-owned drilling rig at Aker BP's Tambar oilfield off Norway.

CHC Lands Centrica Helicopter Support Contract
CHC Group secures a contract from Centrica to provide helicopter services in support of the forthcoming drilling program at the Fogelberg field in the Norwegian Sea.

Wintershall, DEA Signal Intention to Merge
BASF and LetterOne sign a letter of intent to merge their oil and gas subsidiaries Wintershall and DEA.

Thursday, December 7, 2017

Company Operations News

CNPC Warns Of China Gas Shortages If Extreme Weather Hits
China National Petroleum Corp warns there could be natural gas shortages in China this winter if the country is hit by 'extreme' weather.

Indonesia's Pertamina To Take Over State Gas Utility PGN In 1Q 2018
Indonesian state energy company Pertamina will take over government gas utility PT Perusahaan Gas Negara (PGN) in the first quarter of 2018.

Malaysia's Sapura Energy Records Net Loss In 3Q
Sapura Energy Bhd posts a net loss for its third-quarter earnings, hit by lower spending from the energy sector.

Tendeka Hires New CEO to Galvanize Growth
Energy services company Tendeka appoints Brad Baker as its new chief executive officer to galvanize its growth.

Hurricane Looking for New Chairman, Directors
UK based oil and gas company Hurricane Energy plc is looking for a new non-executive chairman for its board.

Wednesday, December 6, 2017

Company Operations News

Saudi Aramco Awards U.S. General Dynamics Offshore Security Contract
Saudi Aramco has awarded a contract to the local subsidiary of U.S. company General Dynamics as the state oil giant aims to increase security at its offshore facilities.

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