Company Operations News

    Rigzone.com: Company Operations News

    The latest upstream oil and gas news from around the world.

  • Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three

    US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices.
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  • Conoco To Start Dismantling Historical Norwegian Oil Platform

    ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator says.
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  • Colombia's Ecopetrol Names New CEO, Echeverry Resigns

    Ecopetrol says its current vice-president, Felipe Bayon, will take over as chief executive.
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  • Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B

    Transocean has agreed to buy Norwegian competitor Songa Offshore for $1.1 billion.
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  • Amec Foster's First-Half Trading Profit Falls, Margins Improve

    Amec Foster Wheeler reports an 8% fall in half-year profit, but stronger margins helped to boost its shares.
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  • Premier Oil Names Roy Franklin As Chairman

    Premier Oil hires oil and gas industry veteran Roy Franklin as its chairman.
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  • Baker Hughes Clinches Integrated Services Contract For PNG Gas Field

    Baker Hughes wins a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field.
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  • Chinese-Owned Oil Firm Addax Shuts Offices After Swiss Bribery Case

    Chinese-owned oil firm Addax Petroleum is shutting its offices in Geneva, Houston and Aberdeen, a month after it agreed to pay 31 million Swiss francs ($31.85 million)to settle charges of suspected bribery of foreign officials.
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  • UAE's ADNOC To Split Huge Oil Concession, In Talks With Potential Partners

    Abu Dhabi National Oil Co (ADNOC) says it will split its ADMA-OPCO offshore oil concession into two or more areas.c
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  • Canadian Natural Resources Profit Tops Estimates; Cuts CAPEX

    Canadian Natural Resources posts a higher quarterly profit that topped estimates.
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  • Chesapeake To Cut Rig Count, Bring Fewer Wells To Production

    Chesapeake beats quarterly profit estimates, but says it plans to cut its rig count and bring fewer wells into production this year.
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  • UK Regulator: Wood Group Takeover Of Amec Could Hurt Competition

    Britain's market regulator says a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition.
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  • BP's West Africa Partner Kosmos To List In London By End-September

    Kosmos Energy will list on the London Stock Exchange by the end of September in a bid to attract more European investors.
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  • Pioneer Natural Trims 2017 Budget, Cites Weak Oil Prices

    Pioneer Natural Resources Co posted a better-than-expected profit, but said it would trim its 2017 capital budget.
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  • Devon Energy Trims Full-Year Spending

    Devon Energy trims its full-year exploration spending by $100 million, joining a growing list of US shale producers.
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  • EOG Resources Profit Disappoints, But Sticks By CAPEX

    EOG Resources Inc posted a lower-than-expected quarterly profit.
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