Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%.The biggest hydraulic fracking services provider…
EV Private Equity (EVPE) has appointed two new Advisory Board members, Bettina Bachmann and Carl Stjernfeldt, who bring decades of experience and venture capital knowledge to the firm.Bachmann spent 35 years at Shell, latterly as Vice President…
There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday.'Diversification into renewable energy and the circular economy is crucial,' Claudio Descalzi told financial daily Il Sole 24 Ore in an interview…
A newly created online assessment tool aims to help drilling employers reinforce the competency of roustabouts.Developed as part of the OPITO Skills Screening online tool, a comprehensive question bank has been created by the International Association…
Baker Hughes has officially dropped GE from its name after the industrial conglomerate shed majority ownership in the oilfield services company in September.Formerly Baker Hughes, a GE company, the firm will now be known as Baker Hughes, and…
Aberdeen-based deepwater specialist Balmoral announced it has won three industry awards in recent weeks.Earlier this month, the company picked up two prizes at the Energy Industries Council (EIC) national awards in the ‘Service and Solutions’ and ‘Collaboration’ categories…
The offshore industries and researchers are sharing industry-acquired ecological data as part of a program increase understanding of the influence of manmade structures on the ecosystem of the North Sea.The INSITE Program has attracted recognition and support from industry…
Energy services company Wood said Stephanie Cox will take over as CEO of its Americas business, succeeding Andrew Stewart who has been appointed executive president of strategy and development for the global business.Responsible for the firm’s…
Flow measurement research and development (R&D) specialist TÜV SÜD National Engineering Laboratory announced it has opened a £16 million ($20.5 million) Advanced Multiphase Facility (AMF), which aims to help global oil and gas operators to ensure production remains economically viable…
Sinomine Specialty Fluids (formerly Cabot Specialty Fluids) said it has signed a framework agreement with Equinor for supply of cesium drilling and completion fluids to the company’s operations on the Norwegian Continental Shelf. The contract…
Santos announced it has acquired ConocoPhillips’ northern Australia business with operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon for US$1.39 billion plus a $75 million contingent payment subject to FID on Barossa.Matt Fox…
BP will take charges of $2 to $3 billion in the third quarter, the British energy firm said on Friday, as it looks to reach divestments worth $10 billion by the end of 2019, a year ahead of schedule.In a statement, London-based BP said it expects…
Tekmar Group, a provider of subsea protection systems technologies, said it has signed a sale and purchase agreement for the acquisition of subsea concrete mattresses provider Pipeshield International from its founder Steven Howlett. The deal…
Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced two senior hires to build upon recent successes in the Asia Pacific (APAC) region. Fueled by the region’s energy and infrastructure markets…
Norway's BW Offshore will wait for markets to stabilize before launching a planned initial public offering of its oil production arm, BW Energy, an executive said on Thursday.'We are generally ready to go to the market for a listing... however…