Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter.The company did not immediately respond to a request for comment by Reuters…
A range of oil companies and their suppliers saw their market value enrichened Monday for reasons that included oil skipping its usual end-of-month dip in December, as WTI and Brent in 2020 still looking like 2019.With oil stable, even “minor”…
Italian offshore energy services provider Saipem and the Italian State Police have signed an agreement that aims to prevent and combat cyberattacks that target information and services systems of companies of special importance for the country…
UAE-based oil company TAQA is set to take over operatorship over the Brae oil field in the UK sector of the North Sea from RockRose Energy.RockRose energy got hold of the licenses containing the Brae field last year, following the completion of the UK North Sea assets of the U…
Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up for lower drilling activity in North America.Net income fell to $333 million…
Dutch offshore services firm IHC IQIP has won an order to deliver 84 jacket pile grippers for an offshore wind project.The order relates to a Taiwanese project for 21 OWF jacket foundations to be installed in 2020, IHC IQIP said earlier this week…
Oilfield services company TechnipFMC has reaffirmed its planned split into two separate companies is „well on track“ for completion in the first half of 2020. TechnipFMC, formed in 2017 via a merger between France's Technip and U.S. FMC Technologies…
The oil and gas industry might lose the social license to operate, and if it doesn't act quickly on helping solve the climate change problem, there may be no second chance.Tim Eggar, the Chairman of the UK Oil and Gas Authority (OGA) addressed…
Brazilian oil company Petrobras is looking to sell two sets of deepwater concessions offshore Brazil.The company on Wednesday started the opportunity disclosure stage for the sale of its entire stake in the deepwater concessions Golfinho Cluster and Camarupim Cluster…
A consultancy firm that allegedly arranged a fraudulent $184 million loan announced by Nigerian oil company Lekoil Ltd said on Wednesday that it welcomed an investigation into the matter.Shares in Lekoil Ltd fell by more than 70% following a…
An Italian appeals court said on Wednesday it had acquitted oil services group Saipem and oil major Eni of alleged corruption charges in Algeria.The court also acquitted a series of other defendants, including former Eni Chief Executive Paolo Scaroni…
Oil prices slipped on Wednesday on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. Prices were also under pressure…
Tullow Oil expects to report a $1.5 billion writedown after lowering its long-term oil price assumptions by $10 to $65 a barrel, an announced reduction in reserves in Ghana and disappointing exploration wells, it said on Wednesday.'Tullow expects…
Lebanon has postponed a deadline for the submission of applications as part of its second licensing round for oil and gas acreage, Lebanon's energy minister Nada Boustani tweeted Monday.According to Reuters, which translated the tweet in Arabic…
Offshore services firm James Fisher Offshore (JFO) said it is consolidating its services with those of its sister company James Fisher Subsea Excavation (JFSE). The merger brings subsea excavation services company JFSE under the JFO banner.Jack Davidson…
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