Jack-up drilling rig contractor Borr Drilling has appointed Christoph Bausch as its new Chief Financial Officer, replacing Francis Millet with effect from November 1, 2020.Previously, Bausch served as Executive Vice President and Chief Financial Officer of Weatherford…
Qatar's maritime and logistics firm Milaha said it entered into a formal agreement with U.S. headquartered oilfield services firm Schlumberger to cooperate on projects that will localize the energy sector supply chain, including the construction of a Qatari offshore oil well stimulation vessel…
Vineyard Wind, a company with plans to construct offshore wind farms in the U.S., has appointed Sy Oytan as Deputy Chief Executive Officer.Vineyard Wind is, a 50/50 joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners…
Offshore drilling contractor Borr Drilling has received a notice from the New York Stock Exchange informing it that the company is not in compliance with the continued listing standard.The notice is related to the minimum average share price…
Top oilfield service firm Schlumberger NV expects to return to 2019 level pre-tax margins by the end of next year, a sign the oil industry faces a long-haul to recover from the latest oil-price crash.Chief Executive Olivier Le Peuch told an…
UK-based offshore decommissioning company Well-Safe Solutions has bought Seadrill's 1993-built West Epsilon jack-up rig, in a move that the company says will create a 100 new jobs.This will be Well-Safe's second rig in the fleet following the…
Andrew F. Gould, former Chairman and Chief Executive Officer of Schlumberger has joined the board of directors of offshore engineering services firm McDermott.Gould has more than 40 years of experience in the global oil and gas industry. Following his 37-year career with Schlumberger…
A Mexican government plan to boost the energy sector that could be unveiled in the coming weeks will not likely include any new exploration or production projects open to private or foreign oil firms, the head of an oil sector trade group said Thursday…
Green Energy International Limited (GEIL) and LEKOIL, the companies comprising Otakikpo JV which operates the Otakikpo field off Nigeria, have executed definitive agreements with Schlumberger for the next phase of the field development offshore Nigeria…
Jack-up drilling rig specialist Borr Drilling announced Monday it has appointed former Schlumberger executive vice president Patrick Schorn as its new chief executive officer effective September 8.Schorn, who has been a director at Borr Drilling since January 2018…
Shell has completed its farm-in into Egdon Resources' North Sea licenses containing the Resolution and Endeavour gas discoveries, Egdon said Tuesday.Following the initial farm-in agreement struck in January, the UK Oil and Gas Authority has…
Oilfield services giant Schlumberger has this week introduced two interesting technologies for remote well operations and downhole reservoir testing, the Performance Live and the Symphony, respectively.Performance Live is a digital service that optimizes remote well site operations control…
Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording a $3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.The company cut some 21,000 jobs amid…
Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue to rein in costs in preparation for a longer period of volatility in oil prices.Oil producers halted the drilling of new wells and drastically…
Tim Harris was preparing to relocate for an assignment with energy services firm Halliburton Co for the fifth time in 15 years when his career came to a halt.A third-generation employee, Harris rose through the ranks at the top shale-oil services provider to oversee oilfield crews…
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