Company Operations News

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Saffron Energy Unveils Board Changes
Tuesday, December 12, 2017 Saffron Energy plc announces a number of changes to its board.

Austrian Gas Hub Blast Hits Deliveries To South, Southeast -Operator
Tuesday, December 12, 2017 An explosion and fire at the Baumgarten gas hub has disrupted deliveries to Austria's southern and southeastern borders.

AWE receives acquisition proposal from Mineral Resources Limited
Monday, December 11, 2017 AWE Limited receives an acquisition proposal from Mineral Resources Limited.

Subsea UK Unveils New Board for 2018-19
Monday, December 11, 2017 Industry body Subsea UK has unveiled its new board for 2018-19, following a members' ballot at its Annual General Meeting.

Kuwait Replaces Oil And Finance Ministers - State News Agency
Monday, December 11, 2017 Kuwait replaced its oil and finance ministers in a cabinet reshuffle on Monday, state news agency KUNA reported.

Wintershall, DEA Signal Intention to Merge
Friday, December 08, 2017 BASF and LetterOne sign a letter of intent to merge their oil and gas subsidiaries Wintershall and DEA.

CHC Lands Centrica Helicopter Support Contract
Friday, December 08, 2017 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.

One Dead, Output Shut After Accident At Norway's Tambar Oilfield
Friday, December 08, 2017 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.

Hurricane Looking for New Chairman, Directors
Thursday, December 07, 2017 UK based oil and gas company Hurricane Energy plc is looking for a new non-executive chairman for its board.

Tendeka Hires New CEO to Galvanize Growth
Thursday, December 07, 2017 Energy services company Tendeka appoints Brad Baker as its new chief executive officer to galvanize its growth.

Malaysia's Sapura Energy Records Net Loss In 3Q
Thursday, December 07, 2017 Sapura Energy Bhd posts a net loss for its third-quarter earnings, hit by lower spending from the energy sector.

Indonesia's Pertamina To Take Over State Gas Utility PGN In 1Q 2018
Thursday, December 07, 2017 Indonesian state energy company Pertamina will take over government gas utility PT Perusahaan Gas Negara (PGN) in the first quarter of 2018.

CNPC Warns Of China Gas Shortages If Extreme Weather Hits
Thursday, December 07, 2017 China National Petroleum Corp warns there could be natural gas shortages in China this winter if the country is hit by 'extreme' weather.

BP to Build New Lubricants Blending Plant in China
Wednesday, December 06, 2017 BP plc announces plans to build a new lubricants blending plant in China, which will be the company's third facility of this type in the country.

Hungary's MOL looking to exit UK North Sea - Sources
Wednesday, December 06, 2017 Hungarian oil and gas group MOL is seeking to exit the UK North Sea four years after entering the basin as a drop in oil prices has put margins under pressure, banking sources said.

Saudi Aramco Awards U.S. General Dynamics Offshore Security Contract
Wednesday, December 06, 2017 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.

Aker Solutions Bags $483MM Johan Castberg Deal
Tuesday, December 05, 2017 Aker Solutions secure services contract with Statoil worth around $483 million (NOK 4 billion).

Sturgeon Opens Total E&P UK's New Aberdeen Office
Tuesday, December 05, 2017 Total E&P UK's new Aberdeen office has been opened by Scotland's first minister, Nicola Sturgeon.

RGU Launches World-First Decommissioning Simulator
Monday, December 04, 2017 Aberdeen's Robert Gordon University (RGU) launches the world's first decommissioning simulator.

Tamar Petroleum In Talks To Buy Part Of Noble Stake In Gas Field
Monday, December 04, 2017 Israel's Tamar Petroleum is in talks to buy a 7.5% stake in the Tamar natural gas reserve and the Dalit field from Noble Energy for cash and equity.

Saipem Secures More Work in Saudi Arabia, West Africa
Friday, December 01, 2017 Saipem is awarded a new services contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia.

Norway Oil Region's Business Outlook Strongest Since 2014 -Survey
Friday, December 01, 2017 Business conditions have levelled out in Norway's western oil-producing regions during the last three months.

Aberdeen Consultancy to Double in 2018
Thursday, November 30, 2017 Aberdeen-based dive consultancy will double in size after securing a multi-million dollar contract with 'an established UK North Sea operator'.

Australia's AWE Gets $325MM Takeover Offer From Chinese Firm
Thursday, November 30, 2017 Australian oil and gas producer AWE Ltd receives a takeover offer worth $325 million.

Chevron, Total, Petrochina May Develop Iraq's Majnoon Oilfield
Thursday, November 30, 2017 Chevron, Total and PetroChina may form a consortium to develop Iraq's Majnoon oilfield, which Royal Dutch Shell wants to exit.

Wood, Saudi Aramco Sign Deal to Help Local Workforces
Wednesday, November 29, 2017 Energy services firm Wood signs a new Memorandum of Understanding with Saudi Aramco, which will help local workforces in the Kingdom of Saudi Arabia.

Welsh Businesses Team Up to Form New Company
Wednesday, November 29, 2017 Two Welsh businesses, which provide specialized geological services for the oil exploration industry around the globe, have formed a new joint venture company.

French CGT Labour Union Calls For 24-Hour Strike By Power Workers
Wednesday, November 29, 2017 France's hardline CGT labour union is calling for a 24-hour strike by workers in the gas and electricity supply industries over a pay dispute.

Statoil to Launch Onshore Operations Centre in 2018
Tuesday, November 28, 2017 Statoil will establish a new onshore integrated operations centre in 2018.

Maduro Says Taps Military Officer To 'Clean Up' Oil Company PDVSA
Monday, November 27, 2017 Venezuelan President Nicolas Maduro on Sunday tapped a National Guard major general to lead state oil company PDVSA and the oil ministry.

SandRidge Sets Poison Pill after Icahn Reveals Stake
Monday, November 27, 2017 SandRidge Energy says it adopted a shareholder rights plan, known as a 'poison pill', amid rising opposition from major shareholders to the oil producer's bid for rival Bonanza Creek Energy.

Pemex Revolving Door Turns as CEO Becomes Finance Minister
Monday, November 27, 2017 Similar to his predecessors, Jose Antonio Gonzalez Anaya didn't last long as chief executive officer of Petroleos Mexicanos.

Aberdeen Services Company Secures Chrysaor Deal
Tuesday, November 21, 2017 Craig International wins new services deal with Chrysaor.

India's ONGC Buys 15% Stake In Namibia Offshore Block From Tullow
Tuesday, November 21, 2017 India's ONGC Videsh Ltd (OVL) acquires a 15% stake in Namibia's offshore Block 2012A from Tullow Oil.

BP Seeks Stake In Cairn Energy Senegal Assets
Monday, November 20, 2017 Cairn Energy is in talks with BP to sell a 30% stake offshore Senegal.

Saipem Secures Onshore Services Deals Worth Around $1B
Friday, November 17, 2017 Saipem wins new contracts in Saudi Arabia and Mexico, and additional works of existing contracts in Saudi Arabia and Kazakhstan.

German Gas Supplier VNG In Talks To Sell Norwegian Energy Business -Sources
Friday, November 17, 2017 German gas supplier VNG is in talks to sell a majority stake in its Norwegian Norge oil and gas business, which could fetch up to $500 million, 3 banking sources say.

Wentworth Resources Relocating Head Office to London
Thursday, November 16, 2017 Wentworth Resources Limited is relocating its head office and executive management team from Calgary, Canada, to London, UK, as part of a 'restructuring process'.

New Aberdeen Oilfield Services Company Wins First Contract
Thursday, November 16, 2017 Aberdeen headquartered energy services firm Well-Safe Solutions has landed its first contract after launching in July.

Premier Oil Seeking Buyers For Stake In Indonesia Gas Field
Thursday, November 16, 2017 Premier Oil is seeking buyers for a 25% stake in the Tuna field development in Indonesia after reaching a gas sale deal with Vietnam.

BHP Eyes Two-Year Exit From Shale; Also Selling Nickel
Thursday, November 16, 2017 BHP Billiton hopes to fully divest its troubled U.S. onshore shale business in around 2 years.

UK, Norway Team Up for North Sea Hackathon Events
Tuesday, November 14, 2017 The Industry Technology Facilitator and Norwegian Energy Partners to host joint technology hackathon events in an effort to tackle operator late life and decommissioning challenges in the North Sea.

Total Chief Says Would Have To Review Iran Gas Deal If New Sanctions Arose
Tuesday, November 14, 2017 Total would have to review its Iran gas project if the United States decided to impose unilateral sanctions on Tehran, given its interests in the U.S. market, its chief executive told CNN.

Noble Group Says Jeffrey Frase Resigns As Co-CEO
Monday, November 13, 2017 Commodities trader Noble Group says Jeffrey Frase resigns as co-chief executive officer (CEO) and global head of oil liquids.

McDermott Teams in Dubai, Chennai, Al Khobar to Work on 'Major' Contract
Friday, November 10, 2017 Oilfield services company McDermott International Inc's engineering and procurement teams in Dubai, Chennai and Al Khobar will work on a 'major' contract award from a 'Middle East customer'.

Oilfield Services Companies Team Up for New Joint Venture
Friday, November 10, 2017 Oilfield services companies Tasman Oil Tools Group and OLIO Resources Sdn Bhd announce the launch of a new joint venture entity, OLIO Tasman Oil Tools Sdn Bhd.

Gambia To Market Oil Blocks Revoked From African Petroleum
Friday, November 10, 2017 Gambia plans to market 2 offshore oil blocks that it revoked from African Petroleum.

Kenya Offers Bigger Share Of Oil Revenue To Local Communities
Friday, November 10, 2017 Kenya's government has proposed in a draft bill to give 30% of prospective oil revenue to the community where the resource was discovered.

Baker Hughes: US Drillers Add The Most Oil Rigs In A Week Since June
Friday, November 10, 2017 US energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015.

Russia's Tatneft Says Not In Talks To Sell Entire Company Or Its Part
Thursday, November 09, 2017 Tatneft, Russia's mid-sized oil producer, has not been in any kind of talks and does not plan to hold any discussions on selling a part or the entire company, it said in emailed reply to Reuters on Thursday.

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