John Swinden takes over as CEO of Singapore’s financially troubled Swiber Holdings as the firm’s interim judicial managers (IJMs) are hopeful of completing ongoing projects.
Source: Offshore
Swiber Names John Swinden as CEO, Hopeful of Completing Ongoing Projects
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UK-based oilfield services company Hunting amends its credit facility after reporting a first-half loss due to low commodity prices.
Source: Offshore
Oilfield Services Firm Hunting Amends Credit Facility after H1 Loss
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Andalas Energy and Power and PT Pertamina sign agreement to fast-track commercialization of the latter’s marginal gas fields in Indonesia.
Source: Offshore
Andalas Joins Pertamina in Commercializing Marginal Gas Fields in Indonesia
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Petrobras rises the most in three weeks after completing a voluntary dismissal program.
Source: Offshore
Petrobras Rises Most in Three Weeks After Cutting Workforce
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When it comes to natural gas, Exxon Mobil Corp. believes in playing the long game.
Source: Offshore
Exxon Ignores Near-Term Glut to Play Long Game on Liquefied Gas
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Jobs in mining declined for another consecutive month, according to data released from the US jobs report.
Source: Offshore
US Jobs Report: Mining Down 4,300
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China’s Sinopec says losses from its Argentina unit could be ‘greatly reduced’ if oil prices rise.
Source: Offshore
Sinopec Expects Profit from Argentina Unit if Oil Recovers
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Armour Energy completes the transfer of tenements for the Kincora Project in Surat Basin, Queensland, Australia.
Source: Offshore
Armour Completes Transfer of Tenements for Kincora Project in Surat Basin
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Oilfield services giant Baker Hughes is cutting some workers’ pay by 5%.
Source: Offshore
Baker Hughes Implements 5% Pay Cut to US Workers
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Shell extends MODEC’s contract for FPSO Fluminense, currently operating in the Bijupira and Salema oil fields in Brazil’s Campos Basin to December 2020.
Source: Offshore
Shell Extends MODEC's Contract for FPSO Fluminense to December 2020
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