Company Operations News

    Rigzone.com: Company Operations News

    The latest oil and gas news from around the world.

  • CGG Sells Multi-Physics Business

    CGG has entered into a sale and purchase agreement with Xcalibur Group for the sale of its multi-physics business.
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  • Supermajor Era Ends for BP

    BP's CEO declared Tuesday the company would be a supermajor no more.
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  • Gulf of Mexico Operator Files Chapter 11

    Fieldwood Energy has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.
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  • Shell Shrinks Appalachia Portfolio

    National Fuel Gas has acquired Shell's integrated upstream and midstream assets in Pennsylvania.
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  • Calfrac Gets Competing Offer

    Wilks Brothers LLC has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd.
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  • Range to Sell Louisiana Acreage, Cut 100 Jobs

    Range Resources Corp. is selling its Louisiana shale fields for about one-10th of what it paid for them just four years ago.
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  • Eni Gets New CFO

    Francesco Gattei has become the new chief financial officer of Eni.
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  • OGTC Launches Virtual Hackathon

    The Oil & Gas Technology Centre has launched its first virtual hackathon event.
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  • NEO Energy Wraps Up North Sea Total Deal

    NEO Energy has completed the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from Total Oil UK Ltd and Total E&P North Sea UK Ltd.
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  • ExxonMobil Rips Up $30B Growth Plan

    As recently as March, the Texas giant had pinned its future to huge capital spending on oil and natural gas.
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  • Oxy Restores Cuts to Employee Pay

    Occidental Petroleum Corp. has restored employee pay cuts imposed after oil prices tumbled and doubled the salary cap for executives to $500,000 a year.
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  • Halliburton Launches Innovation Lab

    Halliburton has announced the creation of Halliburton Labs.
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  • Offshore Drilling Contractor Files Chapter 11

    Noble Corp. plans to cut more than $3.4 billion of debt.
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  • Exxon and Chevron Post Historic Losses

    Exxon Mobil Corp. and Chevron Corp. posted the worst losses in a generation.
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  • Total Gabon Sells Assets for up to $350MM

    Total Gabon has signed an agreement with Perenco to divest its interests in several assets for up to $350 million.
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  • New Chairman for Sapura Energy

    Sapura Energy Berhad has announced the appointment of Tan Sri Dato' Seri Shamsul Azhar Abbas.
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  • Subsea Cable Firm Breaks Ground on US Headquarters

    The above photo shows work underway at the site of JDR's new Houston-area facility. PHOTO SOURCE: JDR
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  • NOIA Approves New Vice Chairman

    NOIA's board of directors approved Talos Energy Inc's founder as the organization's new vice chairman.
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  • Denbury to File Chapter 11

    Denbury Resources Inc. became the latest debt-laden oil producer to say it will seek bankruptcy and hand ownership to lenders.
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  • Total Takes $8.1B Impairment

    The bulk of the impairment -- about $7 billion -- applies to Canadian oil sands.
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