The Latest

Business

Halliburton Cuts More US Jobs as Oil Bust Deepens

Oilfield services firm Halliburton on April 6 was cutting about 350 employees in Oklahoma, according to a filing with the state, amid a deepening oil bust.

April 6, 2020

Seismic

SeaBird Receives Cancelation Notice for OBN Surveys Offshore West Africa

SeaBird Exploration Plc said it has been notified that the end-client has canceled the two OBN surveys off West Africa due to the COVID-19 situation on April 6. 

April 6, 2020

Business

Fugro to Cut Staff, Implements Hiring and Salary Freeze

Fugro has enacted restrictions and additional appropriate measures to reduce the impact of the COVID-19 pandemic and the low oil price environment, the company said on April 6.

April 6, 2020

Public Capital

Shale Service Providers Liberty, NCS Multistage Lay Off Workers

Liberty Oilfield Services is cutting its workforce by 7%, while NCS Multistage plans to plans to reduce its workforce by 20%, the oilfield service companies said April 2.

April 3, 2020

Investment

Navigating Low Oil: Proactive Actions for E&Ps

Although the industry learned a lot during the last downcycle, oil and gas companies won’t have the same access to capital in the latest slump and will likely only be able to invest the cash they generate.

April 3, 2020

Seismic

TDI-Brooks Completes MSGBC Basin Field Data Program Offshore West Africa

TDI-Brooks International, under contract to TGS, said April 2 it has completed its offshore “seep-hunting” surface geochemical analysis and geotechnical campaign of the MSGBC Basin, from Northern Senegal through The Gambia and AGC zone, into Guinea-Bissau down to the Guinea transform fault.

April 3, 2020

Digital Oilfield

Venture Global Says Calcasieu Pass LNG Equipment String Test 'Successful'

Venture Global LNG Inc. revealed the successful string test of the first Venture Global Calcasieu Pass mixed refrigerant compression system at Baker Hughes’ testing facility in Massa, Italy on April 2. 

April 3, 2020

Logistics

Tech Investments Ramp Up as Remote Work Heightens Cybersecurity Risks

An unprecedented shift to remote work has forced U.S. businesses to rethink organizational policy and security measures in response to the COVID-19 outbreak.

April 2, 2020

Business

Offshore Technology Conference Pulls Plug for 2020 Event

The 2020 Offshore Technology Conference has been canceled by the OTC board of directors due to the continued health and travel concerns surrounding the coronavirus pandemic.

April 2, 2020

Logistics

Prescient Adopts Blockchain Network for Marine, Energy Insurance Program

With GumboNet, Prescient will enhance its insurance offerings with the cost savings and truth immutability inherent in blockchain transactions.

April 2, 2020