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Company Operations News

Friday, July 21, 2017   (Today)

Company Operations News

Schlumberger Buys Eurasia Drilling Stake In Test Of Russia-US Ties
Schlumberger NV has agreed to buy a 51% stake in Russian peer Eurasia Drilling Co (EDC) in a deal likely to test Russia-US ties.

GE Sinks as Oil Outlook Sputters, Marring End of Immelt's Tenure
Even in his final days as General Electric Co.'s CEO, Jeffrey Immelt can't escape the stench of oil.

Thursday, July 20, 2017

Company Operations News

African Petroleum Lets Blocks Sale Exclusivity Clause Lapse
African Petroleum has agreed to let an exclusive agreement lapse in talks to sell oil licenses in Gambia and Senegal, it says.

Singapore's Keppel Posts Lower 2Q Profit, Says Rig Market Outlook Muddy
Keppel posts a 21% drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.

Tuesday, July 18, 2017

Company Operations News

First Phase of Saudi Aramco's Energy Industrial City Complete in 2021
State oil firm Saudi Aramco said the first phase of a new Energy Industrial City in Saudi Arabia will be completed in 2021.

Monday, July 17, 2017

Company Operations News

New UK Listing Rules Set to Attract State Companies Beyond Aramco
Saudi Arabia, Oman and Abu Dhabi have all announced plans in the past year to float some of their oil assets.

Centrica Merges Oil Business with Bayerngas to Tap Younger Fields
Centrica will own 69 percent of the new entity and raise its interests in younger fields.

SBM Offshore, Repsol to Get $247 Million in Yme Insurance Settlement
SBM Offshore and Repsol will share an insurance payment of $247 million, less legal costs, related to a troubled Norwegian offshore project.

Thursday, July 13, 2017

Company Operations News

Diplomat: Russia's Rosneft Plans To Open Mozambique Office
Rosneft is preparing to open an office in Mozambique, a senior Mozambican diplomat says.

Wednesday, July 12, 2017

Company Operations News

Shell To Sell Stake In Corrib Gas Field In Ireland For $1.23B
Shell to sell its 45% stake in the Corrib gas venture to a unit of Canada Pension Plan Investment Board (CPPIB) for up to $1.23 billion

Ophir Energy Cuts Cost; Eliminates Staff
British oil and gas explorer cuts 15% of its global workforce as it "right sizes" for new FLNG Project.

Tuesday, July 11, 2017

Company Operations News

Halcon Pivots to Permian with $1.4 Billion Bakken Deal
Shale oil producer Halcon Resources Corp said it would sell most of its North Dakota operations for $1.4 billion cash, part of a plan to shift its focus to Texas' Permian Basin, the largest U.S. oilfield.

Monday, July 10, 2017

Company Operations News

Freeport-McMoRan Cuts Another 25 Jobs
Houston-based Freeport-McMoRan Oil and Gas is conducting another round of layoffs due to asset sales.

Friday, July 7, 2017

Company Operations News

Cargill Completes Sale Of Petroleum Business To Macquarie
Commodity trader Cargill Inc completes the sale of its petroleum business to Australian investment bank Macquarie Group Ltd.

Ocean Installer Secures Subsea Work with Statoil
Ocean Installer has been awarded a contract for subsea installations and tie-in operations for Statoil on Johan Sverdrup, as well as Utgard and Bauge.

Apache to Exit Canada
Apache Corporation confirms it will complete an exit from Canada upon the closing of 3 recent transactions.

Thursday, July 6, 2017

Company Operations News

African Petroleum's Priority Is To Have Dialogue With Gambia
African Petroleum's first priority is to engage in a constructive dialogue with Gambian authorities, its CEO says.

Gazprom Strengthens Ties with Hungary
Gazprom and the Hungarian Ministry of Foreign Affairs and Trade have agreed to advance cooperation.

Halliburton in Summit Acquisition
Halliburton Company announces the acquisition of Summit ESP, a provider of electric submersible pump (ESP) technology and services.

Wednesday, July 5, 2017

Company Operations News

Gambia Oil Minister Confirms End To Talks With African Petroleum
Gambian Oil Minister Fafa Sanyang confirms the West African nation has ended talks to extend the exploration rights of Oslo-listed African Petroleum for 2 offshore oil blocks.

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