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The latest upstream oil and gas news from around the world.

Copyright: Copyright 2018 Inc. All rights reserved.

Maersk Drilling Lays Off Dozens in GOM

Tue, 23 Jan 2018 00:00:00 GMT

Maersk Drilling is cutting some of its employees working in the Gulf of Mexico.

International Service Companies Net North Sea Contracts

Tue, 23 Jan 2018 00:00:00 GMT

Petrofac and Aker Solutions secure new North Sea services deals.

Schlumberger Profit Beats, Predicts Strong 2018 For Shale

Fri, 19 Jan 2018 00:00:00 GMT

Schlumberger expects another strong year for shale drilling in 2018 along with its first international business growth in four years.

Enquest Seeks Buyers For Stake In North Sea Kraken Field

Thu, 18 Jan 2018 00:00:00 GMT

EnQuest hires investment bank Jefferies to advise on a sale of a 20% stake in its recently-started Kraken field, according to a document seen by Reuters.

Ithaca Energy to Sell Entire Interest in PL089, P534, PEDL 328

Thu, 18 Jan 2018 00:00:00 GMT

Ithaca Energy agrees to sell its entire interest in licenses PL089, P534 and PEDL 328 to Verus Petroleum SNS Limited.

API's Jack Gerard to Step Down

Wed, 17 Jan 2018 00:00:00 GMT

After serving for 10 years as president and CEO of the API, Jack Gerard is calling it quits.

Tellurian Set to Boost Louisiana Gas Holdings Tenfold

Tue, 16 Jan 2018 00:00:00 GMT

Tellurian plans to start building its Driftwood LNG export terminal in Louisiana next year.

Offshore Achievement Awards Finalists Revealed

Tue, 16 Jan 2018 00:00:00 GMT

The finalists for the Offshore Achievement Awards have been revealed.

Noble Group Nets Less Than Expected From Oil Unit Sale To Vitol

Mon, 15 Jan 2018 00:00:00 GMT

Noble Group completes the sale of its U.S.-focused oil business to the world's largest oil trader Vitol.

EIC Takes On New Chairman

Mon, 15 Jan 2018 00:00:00 GMT

The Energy Industries Council (EIC) announces the appointment of Hugh Saville as the new chairman of its board of directors.

Wentworth Appoints New CEO

Mon, 15 Jan 2018 00:00:00 GMT

East Africa-focused oil and gas company, Wentworth Resources Limited, appoints Eskil Jersing as its new CEO.

Liberty Oilfield Services CEO Sees Muted Response To Crude Price Rise

Fri, 12 Jan 2018 00:00:00 GMT

Oil producers are unlikely to significantly expand drilling budgets this year despite the recent run-up in crude prices, Liberty Oilfield Services' CEO says.

Noble Corporation Appoints New CEO

Fri, 12 Jan 2018 00:00:00 GMT

Offshore drilling contractor Noble Corporation plc reveals that Julie Robertson will succeed David Williams as the company's new chairman, president and CEO.

BP Picks Jacobs Engineering for Khazzan Phase 2 Services Work

Thu, 11 Jan 2018 00:00:00 GMT

BP selects Jacobs Engineering Group Inc. to provide engineering, procurement and construction management services for Phase 2 of the Khazzan Project in the Sultanate of Oman.

Iraq To Ask Foreign Oil Firms To Build Housing For Employees

Wed, 10 Jan 2018 00:00:00 GMT

Iraq will ask foreign oil companies operating in the country to build housing for Iraqis employed on their projects.

KCA Deutag Appoints New Senior Vice President of RDS

Wed, 10 Jan 2018 00:00:00 GMT

KCA Deutag appoints Albert Allan as the new senior vice president of RDS, the company's rig design and engineering subsidiary.

Aberdeen Services Firm Wins UKCS Contract with Total

Wed, 10 Jan 2018 00:00:00 GMT

Aberdeen-headquartered services company, TWMA, secures a 3 year contract with Total.

IOS Proceeding with Expansion Following Contract Wins

Tue, 09 Jan 2018 00:00:00 GMT

Independent Oilfield Services is proceeding with a $4 million expansion after securing 2 new contracts worth more than $16 million.

SDX CEO 'Very Confident' Company Can Deliver on Forecast Gas Sales Rates

Tue, 09 Jan 2018 00:00:00 GMT

Following the release of the latest results at the KSR-16 well in Morocco, SDX Energy Inc President and CEO Paul Welch says the business is 'very confident' it can deliver on its forecast gas sales rates.

Kreuz Subsea Wins 'Most Financially Significant' Contract in its History

Tue, 09 Jan 2018 00:00:00 GMT

Kreuz Subsea, a global subsea services company, secures the 'most financially significant' contract its history.