Maxwell lined up for top slot at Vaalco
George Maxwell has been named as Vaalco Energy’s new CEO, replacing Cary Bounds.
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Further job cuts planned at Dril-Quip Aberdeen
Further job cuts are planned at oilfield equipment firm Dril-Quip in Aberdeen as it moves manufacturing work out of the region, Energy Voice understands.
Schlumberger reflects on ‘exceptional year’ of resilience after suffering losses of $11bn in 2020
Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
TechnipFMC restarts move to split into two companies
TechnipFMC has restarted its bid to split the business in two after the Covid-19 pandemic halted the process.
Oilfield services firm McDermott International secures £410m of new capital
Oilfield services provider McDermott International has secured more than half a billion dollars in new capital.
Shell to lay off 700 workers at Louisiana refinery
Shell will lay off 700 workers after closing its Convent refinery in Louisiana, part of a company effort to reduce carbon emissions.
ConocoPhillips warns of 500 Houston job cuts as Concho deal nears
ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc.
Oil bankruptcies rise in the third quarter
The number of bankruptcies in the energy sector rose during the third quarter as the coronavirus pandemic continued to take its toll on the oil and gas industry.
OTC 2021 event postponed until August
Organisers of the Offshore Technology Conference (OTC) in Houston have postponed the 2021 event until August due to the Covid-19 pandemic.
Chris Johnston joins Acteon as InterMoor group managing director
Subsea specialist Acteon Group has appointed Chris Johnston as group managing director for InterMoor.
ConocoPhillips loses $450m in third quarter
ConocoPhillips lost $450 million in the third quarter as low crude prices and reduced production during the coronavirus pandemic continued to take a toll on the company's bottom line.
Transocean to lay off more offshore rig workers
Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.
As rubble is cleared, legal cloud hangs over Marathon Oil building collapse
The aftermath of the deadly construction collapse inside the Marathon Oil building in west Houston is expected to result in complex and lengthy litigation with numerous companies involved in the project where three construction workers were killed Monday.
Marathon Oil stairway collapse kills three workers
Three workers are dead and one is injured after a stairway collapse at the future headquarters of Marathon Oil.
Occidental posts $6.6billion charge after oil price crash
Occidental Petroleum Corp. reported a $6.6 billion writedown in the second quarter, equivalent to more than 40% of its market value, as the collapse in energy prices took its toll on the debt-laden U.S. shale oil producer.
Schlumberger cutting fifth of global workforce amid huge financial losses
Schlumberger delivered another crushing blow to the oil and gas industry today by announcing it was cutting around a fifth of its workforce.
Aberdeen should use decommissioned oil platform as ‘first class tourist attraction’
Aberdeen should use a giant decommissioned oil platform as a "first class tourist attraction", according to a long-standing city campaigner.
Halliburton loses £1.3billion in 2nd quarter
The coronavirus pandemic stung oilfield service company Halliburton with a $1.7 billion (£1.3bn) loss in the second quarter.
McDermott International exits Chapter 11 bankruptcy
Oil field service company McDermott International shed $4.6 billion debt after emerging from bankruptcy Monday afternoon.
Built by oil’s riches, Houston goes 100% green years earlier
The oil and natural gas capital of the world is going all-in on solar power.
Success as transatlantic tie-up goes digital
Business events linking Aberdeen and Houston in the US have significantly extended their reach by going 100% digital, the man behind the annual tie-ups has said.
Quantum seeks $5.5bn for new fund amid energy-market rout
Quantum Energy Partners is in discussions to raise roughly $5.5 billion for a new fund designed to pounce on opportunities that arise amid turmoil in energy markets, according to people with knowledge of the matter.
Halliburton lays off 1,000 workers at Houston headquarters
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.
Houston feeling the oil price pain
The US oil industry has been shrinking in much the same way as the country’s car industry – and the price crash will accelerate the process, according to a top economist.
Controlled fire at Shell refinery blackens Houston sky
A controlled fire at Royal Dutch Shell Plc’s refinery near Houston cast a plume of black smoke over the city’s industrial suburbs.