Oil And Gas Industry News

The latest upstream oil and gas news from around the world.

Oil Contractor Saipem Slashes Guidance And Jobs In Turnaround Plan

Saipem slashes its guidance for the year as it books writedowns of 1B and announces a restructuring plan that includes 8 800 job losses as it cuts costs to counter falling oil prices

Anadarko Petroleum Quarterly Profit Lower Beats Street

Anadarko reports a drop in profit but results topped Wall Street expectations as the oil and natural gas company improved drilling practices and produced more crude than expected

Oil Steadies After 4 Day Loss US Inventory Draw Eyed

Oil prices steady with Brent recovering from near six month lows and US crude settling more than 1 higher

Chevron to Cut 1 500 Jobs

Chevron will cut 1 500 jobs globally due to the current market environment

I Just Got Laid Off Now What

Career experts offer advice to oil and gas professionals who are looking to move their career forward after layoffs

BHP Plans To Shed Around 100 HQ Jobs As Commodities Tumble

BHP Billiton intends to cut about 100 jobs at its Melbourne headquarters in coming years as it strives to lower overheads and streamline corporate operations amid a crash in minerals prices

Mexico s Pemex Posts Wider 2Q Loss On Lower Prices Output

Pemex reports a bigger second quarter loss weighed down by a nearly 10 slide in crude output

Pantheon Resources VOBM 1 Spuds 2 Well Drilling Program Starts

Pantheon Resources announces the spud of the VOBM 1 well onshore East Texas and the commencement of a 2 well drilling program

PTS Warns UK Seafarers to be Prepared for Regulatory Changes

Petrofac Training Services warns UK seafarers to be prepared for upcoming changes to the Standards of Training Certification and Watchkeeping which are due to come into force on January 1 2017

Pura Vida MZ 1 Well Secondary Objectives Come Up Dry Drilling Continues

Pura Vida Energy NL announces that the secondary objectives of the MZ 1 exploration well offshore Morocco have come up dry

Dolphin Begins East Campeche Seismic Survey Offshore Mexico

Seismic survey specialist Dolphin Geophysical begins the East Campeche 2D long offset multi client survey offshore Mexico

Vermilion Energy Enters Farm in Agreement in Germany

Vermilion Energy enters into a farm in agreement with Mobil Erdgas Erdol and BEB Erdgas und Erdol

Attack Halts Flow in Natural Gas Pipeline from Iran to Turkey

Saboteurs attack a pipeline carrying natural gas from Iran to Turkey according to the Turkish energy minister

Russia s Gazprom Gas Output Seen at All Time Low in 2015

Russia s Economy Ministry expects gas production at Gazprom to decline to an all time low due to sluggish demand and a fall in upstream investments

European Majors Reap Benefits of Cost Cutting Measures

Statoil and BP are reaping the benefits of cost cutting across their operations

Trapoil Merges with Jersey Oil and Gas

Junior energy firms Trapoil and Jersey Oil and Gas agree to merge

Statoil CEO Sees Oil at 80 by 2018

Statoil CEO Eldar Saetre sees the price of oil climbing to 80 per barrel by 2018

BP Misses 2nd Quarter Profit Forecast on Spill Charge

BP misses 2Q 2015 profit expectations due to a 9 8 billion pre tax charge related to the 2010 Macondo oil spill

Technip Secures Subsea Tie in Contract for PETRONAS PFLNG1 Facility

Technip secures an engineering procurement construction installation and commissioning contract from Petronas Carigali for the tie in of Petronas FLNG1 facility to KAKG A platform in Kanowit field offshore East Malaysia

Douglas Westwood Comments on the Evolution of Subsea EPC

Douglas Westwood comments on the evolution of subsea enginering procurement and construction sector

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