Latest Headlines

  1. Quality Companies Appoints Wayne Lacey As Vice President Of Operations For Zadok Technologies 3/25/2020

    Quality Companies, the global offshore and onshore construction, fabrication and electrical and instrumentation company, has appointed Wayne Lacey as vice president of operations for Zadok Technologies.

  2. Equinor Launches USD 3 Billion Action Plan To Strengthen Financial Resilience In 2020 3/25/2020

    Equinor presents updated outlook for 2020 and an around USD 3 billion action plan to strengthen the financial resilience in a market impacted by the COVID-19 and low commodity prices.

  3. Chevron Announces Actions In Response To Market Conditions 3/24/2020

    Chevron Corporation today announced several steps it is taking in response to market conditions. “With an industry leading balance sheet and a flexible capital program, we believe Chevron is resilient and positioned to withstand this challenging environment,” said Chevron Chairman and CEO Michael Wirth.

  4. Aker Solutions Wins 20-Year Umbilicals Master Order With Chevron 3/23/2020

    Aker Solutions has entered a master agreement to provide umbilicals for Chevron-operated oil and gas fields in the US Gulf of Mexico. The company also secured the first work order under the new master agreement, to provide 24 kilometers (15 miles) of umbilicals for Chevron’s Anchor project.

  5. Total Announces Immediate Action Plan In Context Of Sharp Decrease In Oil Prices 3/23/2020

    Patrick Pouyanné, Chairman & CEO of Total, addressed the Group’s employees on March 19 to mobilize them in the face of the challenges ahead. He recalled the resilience that the Group’s teams demonstrated during the 2015-16 oil crisis as well as the two pillars of the Group’s strategy which are the organic pre-dividend breakeven of less than $25/b and the low gearing to face this high volatility.

  6. SEC Allows Exxon And Chevron To Bar Shareholders’ Request To Report On Alignment With Global Climate Goals 3/23/2020

    For the second year in a row, the U.S. Securities and Exchange Commission (SEC) has allowed Exxon to reject shareholders’ request for clear reporting on whether and how it intends to reduce its total carbon footprint in alignment with the global Paris goal of net-zero emissions by 2050. In a separate ruling, the SEC also allowed Chevron to avoid the question of whether it intends to align with the Paris goal.

  7. API’s February Monthly Statistical Report Shows Early Glimpse Of Coronavirus Impact On Energy Markets 3/19/2020

    The American Petroleum Institute today released its February 2020 Monthly Statistical Report , providing an early indication of the impact of the coronavirus pandemic on energy markets. Data from the report reflect the onset of the virus with downturns in demand for diesel (-9.9% y/y) and jet fuel (-5.2% y/y), but a slight increase in gasoline (+0.3% y/y), suggesting many consumers chose to drive instead of fly in February.

  8. EcoPoint Flowline Mapping Service Offers Operator Compliance, Geospatial Database 3/19/2020

    Operators of underground oil and gas flowlines in Colorado can fully comply with revised state regulations requiring accurate, universal flowline location data with a field service from EcoPoint Inc., a Colorado-based firm specializing in geospatial data solutions.

  9. Four-Year Zonal Isolation Contract In Malaysia 3/18/2020

    Independent global completions service company Tendeka has secured a four-year contract to supply its zonal isolation technologies across a leading operator’s Malaysian assets.

  10. Tracerco Secures First Baseline Subsea Inspection Project For A New Pipelay Development 3/18/2020

    Tracerco, part of Johnson Matthey Plc, has recently been awarded a deep-water subsea inspection project to assess the integrity of a new pipelay in the Gulf of Mexico (GoM).