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Company Operations News

Friday, August 18, 2017

Company Operations News

Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three
US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices.

Thursday, August 17, 2017

Company Operations News

Conoco To Start Dismantling Historical Norwegian Oil Platform
ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator says.

Colombia's Ecopetrol Names New CEO, Echeverry Resigns
Ecopetrol says its current vice-president, Felipe Bayon, will take over as chief executive.

Tuesday, August 15, 2017

Company Operations News

Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B
Transocean has agreed to buy Norwegian competitor Songa Offshore for $1.1 billion.

Thursday, August 10, 2017

Company Operations News

Amec Foster's First-Half Trading Profit Falls, Margins Improve
Amec Foster Wheeler reports an 8% fall in half-year profit, but stronger margins helped to boost its shares.

Premier Oil Names Roy Franklin As Chairman
Premier Oil hires oil and gas industry veteran Roy Franklin as its chairman.

Tuesday, August 8, 2017

Company Operations News

Baker Hughes Clinches Integrated Services Contract For PNG Gas Field
Baker Hughes wins a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field.

Monday, August 7, 2017

Company Operations News

Chinese-Owned Oil Firm Addax Shuts Offices After Swiss Bribery Case
Chinese-owned oil firm Addax Petroleum is shutting its offices in Geneva, Houston and Aberdeen, a month after it agreed to pay 31 million Swiss francs ($31.85 million)to settle charges of suspected bribery of foreign officials.

UAE's ADNOC To Split Huge Oil Concession, In Talks With Potential Partners
Abu Dhabi National Oil Co (ADNOC) says it will split its ADMA-OPCO offshore oil concession into two or more areas.c

Thursday, August 3, 2017

Company Operations News

Canadian Natural Resources Profit Tops Estimates; Cuts CAPEX
Canadian Natural Resources posts a higher quarterly profit that topped estimates.

Chesapeake To Cut Rig Count, Bring Fewer Wells To Production
Chesapeake beats quarterly profit estimates, but says it plans to cut its rig count and bring fewer wells into production this year.

Wednesday, August 2, 2017

Company Operations News

UK Regulator: Wood Group Takeover Of Amec Could Hurt Competition
Britain's market regulator says a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition.

BP's West Africa Partner Kosmos To List In London By End-September
Kosmos Energy will list on the London Stock Exchange by the end of September in a bid to attract more European investors.

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