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 moreVallourec, Universal Pressure Pumping Add to Oilpatch Layoffs
Combined, the companies are releasing about 1,080 workers.
Read moreOxy 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 moreSeaBird Exploration's Client Cancels OBN Surveys
The Eagle Explorer has mobilized and is ready for work.
Read moreHalliburton Lays Off Staff in Oklahoma
About 350 employees will be affected by the layoff.
Read moreCactus 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 moreAibel 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 moreWell Completions Firm NCS Trims Workforce
NCS expects these steps to yield an annualized cost savings of over $12 million.
Read moreIndependence Contract Drilling Shrinks Staff, Salaries
For the executive team, salary cuts range between 40 and 55 percent of cash compensation.
Read moreTechnipFMC Unit Wins Offshore Mexico Contract from BHP
Genesis has won a pre-FEED contract for preliminary design of an FPU. PHOTO SOURCE: Genesis
Read moreFugro 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 morePetrofac 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 moreLiberty 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 moreSaudis 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 moreWood 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 moreJasper Ventures Lays Off Staff at Veritas Facility
The layoff date was March 26 and 67 employees were affected.
Read moreHollyFrontier Welcomes New EVP, COO
The appointment is effective July 2020.
Read moreCentrica 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 moreOGA 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 moreNew 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