Monday, June 25, 2018

UK oilfield services firm Petrofac bucks the downturn in its sector and posts a record order book. Source link

Australia's Beach Energy incoming CEO Matt Kay to commence work in May, earlier than expected. Source link

Cobalt will cut 50 staff positions at its Houston headquarters. Source link

Norway's Statoil meets Norwegian police to exchange information about payments made to Angolan state energy firm Sonangol. Source link

McDermott plans to name its new flagship derrick lay vessel, the DLV 2000, at Keppel Singmarine yard in Singapore in April. Source link

Santos’s new Chief Executive Officer Kevin Gallagher promises to cut costs further after the oil price crash led to a wider net loss and $2.8 billion in writedowns. Source link

Wood Group PSN (WGPSN) plans to reduce the pay of around a third of its UK contractor workforce by an average of nine percent. Source link

Woodside Petroleum reports a halving in its underlying profit and says deep uncertainty over oil prices is weighing on the prospects for its key growth project, a liquefied natural gas development...

Singapore-listed Cosco Corp. posts a net loss of $406.9 million in 2015, compared to a net profit of $14.9 million a year earlier. Source link

Petroleum Geo-Services ASA expects market uncertainty and low earnings to continue through 2016. Source link
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