Sable Offshore slumped 60.5% to a record low on Monday after the oil producer raised 'substantial doubt' about its ability to continue as a going concern, citing strained liquidity due to sales disruption to its main buyer.Shares of the company…
Australia's Woodside Energy on Thursday unveiled a new payout policy for investors and flagged it would axe around 10% of its workforce globally, as it set out higher targets for cost cutting and return on capital.Favoured by investors for paying…
The tribunal of Brazil's antitrust agency (CADE) has approved the merger of Italian oilfield services company Saipem and Norway's Subsea7, Saipem said on Wednesday.Brazil's green light is an important step towards the completion of the deal…
BP has appointed former Shell executive Emma Lewis as Executive Vice President, Downstream, effective January 4, 2027, when she will also join the company's leadership team.In her new role, Lewis will oversee BP's Downstream segment, which includes refining…
Britain's Unite union said on Tuesday that about 170 offshore workers employed by US energy company Apache would escalate strike action in a dispute over jobs, pay and conditions.A 24-hour strike is scheduled to begin at 6 a.m. (0600 GMT) on November 4 and end at 5…
Wood Group offshore workers have started a fresh 48-hour strike affecting five Harbour Energy-operated platforms, with further industrial action planned later in November amid a dispute over pay and working conditions.The latest stoppage began on November 3 and is scheduled to end on November 4…
GE Vernova Inc. announced that it will acquire Trench Group, a provider of high-voltage grid equipment, from investment firm Triton Partners. The deal will create scale across GE Vernova’s Electrification product lines, expanding its capabilities…
ConocoPhillips has informed its staff of a reduction to its workforce in Canada, a spokesperson for the oil and gas producer said on Monday.The reduction includes employees and contractors and is set to take place on Tuesday, the spokesperson added…
The Chouest Group and the founders of Horizon Maritime Services have announced a strategic partnership that includes the acquisition of the Canadian offshore and marine services company from CFFI and its lender, HPS.The transaction expands the Louisiana-based Chouest Group's presence in Canada…
A memorial service for Sir lan Wood, Scottish industrialist, philanthropist and public servants, was held earlier today, Friday, October 23, in Aberdeen. It was attended by over 300 people, including Sir lan's immediate family, friends and former…
The National Ocean Industries Association (NOIA) has launched Ocean Minerals Forward, a new industry education and communications initiative examining the potential of deep-sea mineral resources to strengthen U.S. critical mineral supply chains…
Crewsure Insurance Services Limited (Crewsure) has announced the launch of Crewsure Energy, a new program that brings together traditional employee benefits with specialist Crisis Response protection, designed for companies employing personnel…
Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction…
Ithaca Energy said Chief Executive Officer (CEO) Luciano Vasques intends to retire from the company by March 31, 2027, with the board beginning a search for his successor.The company said the succession process would allow for an orderly transition of responsibilities…