Canada’s ReconAfrica has produced a technical evaluation on the entire Kavango Basin, in Namibia and Botswana.
Oil firms must seize the opportunity presented by the Covid-19 pandemic to grasp the nettle and embrace digital technology and data analysis, industry experts have said.
An Aberdeen oil worker who was recently made redundant from Halliburton due to Covid-19 has now set up his own hand sanitiser business to help tackle the virus.
Houston oil field services company Halliburton has laid off 1,000 employees at its headquarters as low crude prices take their toll on demand for the products and services to company sells to energy producers.
Oil and gas firms are “grappling” between putting workers on the government’s coronavirus furlough scheme or going straight to redundancies, according to experts.
An oilfield services firm has been heavily criticised for rejecting a coronavirus furlough scheme as it plans scores of North Sea redundancies.
The oil and gas industry shed nearly 51,000 drilling and refining jobs in March, a 9% reduction that is likely to get worse as futures prices fell into negative territory Monday.
Oilfield services giant Halliburton fell to a $1billion (£804.5m) net loss in the first quarter of the year, warning it “expects a further decline in revenue and profitability” as 2020 goes on.
Oilfield services giant Halliburton will “significantly reduce” its workforce in the coming weeks, according to chief executive Jeff Miller.
Oilfield service giant Halliburton plans to "furlough" about 3,500 employees of its Houston headquarters for the next two months amid grim market conditions that include four year-low oil prices and the coronavirus outbreak.
Energy services firm TechnipFMC has reported a £1.7 billion pre-tax loss in the fourth quarter of 2019.
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.
Oilfield service giants will need to chart a new path if they wish to remain industry top dogs during the energy transition, according to the director of a global investment firm.
North-east job losses are thought to be “inevitable” if a potential merger involving two offshore giants takes place, a union boss warned last night.
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,
The largest oil and gas producer in the UK North Sea has imposed offshore travel restrictions in the wake of the coronavirus outbreak.
Houston oilfield service company Halliburton made a $1.1 billion loss in 2019 amid an ongoing shale slump in the United States that has weakened demand for hydraulic fracturing and related services.
Trump administration officials have given five energy companies with strong ties to Houston another three months in the oil fields of Venezuela.
An innovative North Sea equipment sharing scheme devised to save companies time and money on ordering new gear could be revived next year.
More than a dozen job losses are expected to hit the workforce of a Halliburton company in the north-east.
Houston oilfield service giant Halliburton is laying off dozens of employees in California amid an ongoing slump in drilling and completion activity in the United States and Canada.
Neptune Energy and partners have dished out drilling services contracts worth £30.8 million for its 50 million barrel Seagull project in the UK North Sea.
A dispute between Halliburton and its insurer over its $1.1bn (£855m) Deepwater Horizon oil spill payments will be presided over by the UK’s highest court today.
The UK arm of oilfield service company Halliburton has swung back into black after shrugging off previous financial losses.
Developing the SNE field will require capital expenditure of around $4.2 billion, a presentation by Australia’s FAR has said, versus the previous projection of $3bn.