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PetroVietnam Reduces Salaries to Cope with Coronavirus, Low Oil Prices

Apr 01, 2020

Vietnam Oil and Gas Group is cutting employee salaries to rein in costs as it grapples with low oil prices and a coronavirus pandemic that has infected 212 people in the southeast Asian nation, the company said on Wednesday.The move was part of efforts to cut costs by 15% to 30%, said the company, better known as PetroVietnam.'The combined impact of the disease and low oil prices has hurt PetroVietnam's performance in March…

CNOOC Names New President

Mar 20, 2020

Chinese oil company CNOOC has announced the appointment of Hu Guangjie executive director and president of the company. In a statement on Friday, CNOOC said that Xu Keqiang had resigned as the President of the Company, but would remain an Executive…

Nayara Energy Director Resigns After U.S. Sanctions Imposed

Feb 21, 2020

Didier Casimiro, placed on a sanctions list by the United States earlier this week, on Friday resigned from the board of Indian refiner Nayara Energy, part-owned by Russian oil major Rosneft, company filings with the Indian government show.The United States on Tuesday blacklisted Rosneft Trading S…

Worley CEO to Step Down. Replacement Named

Feb 03, 2020

Australia-based oilfield services and engineering company Worley has named a new CEO after Andrew Wood decided to retire after 26 years with the company, seven as CEO.He will be replaced by Chris Ashton, who has been with Worley since 1998, most recently serving as the Chief Operating Officer…

POSH Goes Private on Wednesday

Feb 03, 2020

Singapore-based offshore support vessel operator PACC Offshore Services Holdings, or POSH, is set to go private on Wednesday.OEDigital reported last week that Quetzal Capital, a Kuok Group company, had launched compulsory acquisition for the remaining shares of the offshore vessel operator…

Permanent Deals for Monadelphous' Ichthys Workers

Jan 24, 2020

Australian unions have negotiated permanent contracts for 70 percent of their members working for Monadelphous aboard Inpex facilities.'The Offshore Alliance and [Electrical Trades Union] negotiated Monadelphous INPEX facilities EBA [Enterprise…

Mainstream Names Asia-Pacific Head

Jul 12, 2019

Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business.'This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore…

U.S. Offshore Wind: RMG, Bibby Sign MOU

Jul 09, 2019

As the prospects for offshore wind energy continue to grow in and around the United States, so too do the business potential and parnterships. The latest announcement comes from south Florida where Resolve Marine Group and Bibby Marine Services…

Current News

Oil Holds near $32 ahead of OPEC-Led Talks on Output Cuts

Oil Holds near $32 ahead of OPEC-Led Talks on Output Cuts

What Do You Do When You Drop a BOP?

What Do You Do When You Drop a BOP?

Pertamina Buys NWS Condensate at 'Deep Discount'

Pertamina Buys NWS Condensate at 'Deep Discount'

KrisEnergy Sells Indonesia Block to BP

KrisEnergy Sells Indonesia Block to BP

CNOOC to Trim 2020 Spending by Up To 15%

CNOOC to Trim 2020 Spending by Up To 15%

Iran's South Pars Field Tops 700 MCM/Day Output

Iran's South Pars Field Tops 700 MCM/Day Output

Chinese Refiners Buy Rare North Sea, Guyana Crude at Low Prices

Chinese Refiners Buy Rare North Sea, Guyana Crude at Low Prices

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