Company Operations News

    Rigzone.com: Company Operations News

    The latest oil and gas news from around the world.

  • SandRidge Names New CEO to Lead Right-Sizing Efforts

    The new exec has proven cost and operational turnaround experience at public oil and gas companies.
    Read more
  • Vallourec, Universal Pressure Pumping Add to Oilpatch Layoffs

    Combined, the companies are releasing about 1,080 workers.
    Read more
  • Oxy Shuffles Leadership, Appoints New CFO

    While the company did not name reasons for the management change, it did note that Cedric Burgher will transition to another Oxy role.
    Read more
  • SeaBird Exploration's Client Cancels OBN Surveys

    The Eagle Explorer has mobilized and is ready for work.
    Read more
  • Halliburton Lays Off Staff in Oklahoma

    About 350 employees will be affected by the layoff.
    Read more
  • Cactus Carves Out $35MM in Cost Savings

    Net spend is now expected to be in the range of $20- to $30 million in 2020, or 50 percent less than 2019.
    Read more
  • Aibel Reports Successful Heavy Lift for Equinor Module

    This photo shows Heerema's Sleipnir crane vessel lifting the SEP module at Aibel's North Sea Hall in Haugesund, Norway. Photo by Øyvind Sætre, Aibel.
    Read more
  • Well Completions Firm NCS Trims Workforce

    NCS expects these steps to yield an annualized cost savings of over $12 million.
    Read more
  • Independence Contract Drilling Shrinks Staff, Salaries

    For the executive team, salary cuts range between 40 and 55 percent of cash compensation.
    Read more
  • TechnipFMC Unit Wins Offshore Mexico Contract from BHP

    Genesis has won a pre-FEED contract for preliminary design of an FPU. PHOTO SOURCE: Genesis
    Read more
  • Fugro Implements Painful Measures

    Fugro revealed Monday that it is minimizing the hire of short-term charters and implementing a hiring and salary freeze and measures to reduce its workforce.
    Read more
  • Petrofac Cutting Salaries and Staff

    Petrofac Limited announced Monday that it is taking decisive actions to improve its cost competitiveness and protect the long-term health of its business.
    Read more
  • Liberty Oilfield Services Makes Staff, Salary Cuts

    Company officers have agreed to a base salary cut of 30 percent, higher than the previously announced 20 percent.
    Read more
  • Saudis Have Pricing Problem as Oil War Hits Month Two

    Saudi Aramco will need to price its crude at aggressively low levels this month to keep its customers satisfied.
    Read more
  • Wood Significantly Adjusts Cost Base

    Wood announced Thursday that it is taking action to 'significantly' adjust its cost base in anticipation of a reduction in activity levels.
    Read more
  • Jasper Ventures Lays Off Staff at Veritas Facility

    The layoff date was March 26 and 67 employees were affected.
    Read more
  • HollyFrontier Welcomes New EVP, COO

    The appointment is effective July 2020.
    Read more
  • Centrica Brakes on Spirit Energy Sale, Cancels Dividend

    Centrica Plc paused the divestment of its North Sea oil and gas assets and withheld its final dividend payment.
    Read more
  • OGA Chief to Stay Until 2022

    Andy Samuel will continue as the chief executive of the Oil and Gas Authority until the end of 2022.
    Read more
  • New CEO at Repsol Sinopec Resources UK Limited

    Repsol Sinopec Resources UK Limited revealed Wednesday that Jose Luis Munoz has taken up the position of chief executive officer at the company.
    Read more