Wednesday, January 16, 2019

The US oil rig count dropped by four this week, while the country added four gas rigs, keeping the total rig count flat. Source link

Saudi Aramco plans to tap the debt market in 2Q to finance the acquisition of Sabic, likely issuing its first ever international bond and disclosing its accounts in the process. Source link...

The ultra-harsh environment jackup rig boasts a maximum drilling depth of 35,000 feet. Source link

One of the oil industry's highest-paid executives is taking a pay cut as his company braces for possibly difficult times ahead after its stock plunged last year. Source link

Aberdeen-based offshore support vessel specialist Sentinel Marine says it will create 80 new jobs by adding 3 multi-role ships to its fleet. Source link

Elliott Management Corp. has offered up $2.07 billion in cash for 'undervalued' QEP Resources. Source link

Equinor completes the sales of 2 'non-core' discoveries on the Norwegian Continental Shelf for a combined total of almost $500 million. Source link

The new head of Brazil's state-controlled oil company criticized its history of government interference and vowed to pursue policies that will boost profit. Source link

Dave Lesar stepped down as chairman of Halliburton, ending a 25-year run with the oil-services giant. Source link

The two companies have been discussing a possible all-cash acquisition, with the deadline for a firm offer or walk-away expected by Jan. 28. Source link
- Advertisement -