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Rigzone.com: Company Operations News



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



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Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three

Fri, 18 Aug 2017 00:00:00 GMT

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.



Conoco To Start Dismantling Historical Norwegian Oil Platform

Thu, 17 Aug 2017 00:00:00 GMT

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

Thu, 17 Aug 2017 00:00:00 GMT

Ecopetrol says its current vice-president, Felipe Bayon, will take over as chief executive.



Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B

Tue, 15 Aug 2017 00:00:00 GMT

Transocean has agreed to buy Norwegian competitor Songa Offshore for $1.1 billion.



Amec Foster's First-Half Trading Profit Falls, Margins Improve

Thu, 10 Aug 2017 00:00:00 GMT

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

Thu, 10 Aug 2017 00:00:00 GMT

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



Baker Hughes Clinches Integrated Services Contract For PNG Gas Field

Tue, 08 Aug 2017 00:00:00 GMT

Baker Hughes wins a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field.



Chinese-Owned Oil Firm Addax Shuts Offices After Swiss Bribery Case

Mon, 07 Aug 2017 00:00:00 GMT

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

Mon, 07 Aug 2017 00:00:00 GMT

Abu Dhabi National Oil Co (ADNOC) says it will split its ADMA-OPCO offshore oil concession into two or more areas.c



Canadian Natural Resources Profit Tops Estimates; Cuts CAPEX

Thu, 03 Aug 2017 00:00:00 GMT

Canadian Natural Resources posts a higher quarterly profit that topped estimates.



Chesapeake To Cut Rig Count, Bring Fewer Wells To Production

Thu, 03 Aug 2017 00:00:00 GMT

Chesapeake beats quarterly profit estimates, but says it plans to cut its rig count and bring fewer wells into production this year.



UK Regulator: Wood Group Takeover Of Amec Could Hurt Competition

Wed, 02 Aug 2017 00:00:00 GMT

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

Wed, 02 Aug 2017 00:00:00 GMT

Kosmos Energy will list on the London Stock Exchange by the end of September in a bid to attract more European investors.



Pioneer Natural Trims 2017 Budget, Cites Weak Oil Prices

Tue, 01 Aug 2017 00:00:00 GMT

Pioneer Natural Resources Co posted a better-than-expected profit, but said it would trim its 2017 capital budget.



Devon Energy Trims Full-Year Spending

Tue, 01 Aug 2017 00:00:00 GMT

Devon Energy trims its full-year exploration spending by $100 million, joining a growing list of US shale producers.



EOG Resources Profit Disappoints, But Sticks By CAPEX

Tue, 01 Aug 2017 00:00:00 GMT

EOG Resources Inc posted a lower-than-expected quarterly profit.