PGS narrows loss as revenues sink on low pricing

Petroleum Geo-Services (PGS), a marine geophysical company, narrowed its fourth quarter 2016 loss while its ...

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Amec Foster Wheeler man jumps ship for Wood Group

Oil and gas services firm Wood Group has appointed a former Amec Foster Wheeler man as the president of its ...

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Marathon posts wider loss, plans to double spending

Marathon Oil on Wednesday posted a wider net loss for the fourth quarter 2016 due to a tax-related charge and said ...

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Parker Drilling sinks deeper into red

Parker Drilling, a Houston-based provider of offshore and onshore contract drilling services, sank deeper into red ...

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Ex-Origin CEO joins BHP board

Australian energy company BHP Billiton has appointed former Origin Energy CEO as a new independent non-executive ...

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Spectrum withdraws MCG bid

Spectrum has decided to withdraw its bid for the takeover of the geophysical company MultiClient Geophysical, after ...

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Oceaneering president to take over as CEO

The president of subsea services provider Oceaneering International has been named as the company’s next ...

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Noble Energy narrows quarterly loss

Noble Energy narrowed its net loss and increased revenues during the fourth quarter of 2016. The company also said ...

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Awilco Drilling's profit sinks in 4Q

UK-based offshore drilling contractor Awilco Drilling posted a lower profit and revenues for the last quarter of ...

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Woodside CFO goes to Origin

Australian energy firm Origin Energy has appointed Woodside Energy’s Lawrie Tremaine as the company’s ...

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AWT switches name to StormGeo

The shipping division of meteorological services provider StormGeo, Applied Weather Technology (AWT), has been ...

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Lundin to spin off non-Norwegian assets into new player

Swedish oil company Lundin Petroleum has proposed to spin-off its assets in Malaysia, France and the Netherlands ...

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MCG backs Geoex offer

Following two takeover offers for the marine seismic data provider, MultiClient Geophysical (MCG), the company has ...

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Impairments drag Noble deeper into red

Drilling contractor Noble Corporation posted a bigger loss for the fourth quarter 2016, compared to the year-before ...

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Anadarko names new board member

The U.S. independent oil company Anadarko Petroleum has announced a new addition to its board of directors. The ...

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Total on hunt for deals after outperforming rivals

By Bate Felix PARIS (Reuters) – French oil company Total <TOTF.PA> is on the hunt to buy assets from ...

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New subsea oilfield services player emerges

Oil company Global Energy has changed its name and completed the transactions to buy subsea service vessels as part ...

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Prosafe shrinks quarterly loss

Prosafe, an operator of accommodation rigs known as flotels, narrowed its loss during the fourth quarter 2016 and ...

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Prosafe has new CEO

Offshore accommodation specialist Prosafe has named a new CEO and made several other changes to its management ...

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Bowleven urges shareholders to reject takeover plan

Bowleven plc, a UK-based oil and gas company with African assets, has urged its shareholders to oppose attempts ...

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Maersk Drilling sinks to loss

Danish offshore driller Maersk Drilling posted a net loss for the fourth quarter of 2016 “in the middle of ...

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Maersk elects new chairman

Denmark’s A.P. Møller – Mærsk A/S has named a new chairman of the board of directors and submitted a ...

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BP sees profit in fourth quarter

British oil major BP returned to profit during the last quarter of 2016 helped by higher oil prices and lower ...

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Statoil hit by impairment charges

Norwegian oil company Statoil widened its loss during the fourth quarter of 2016 mainly due to impairment charges.  ...

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Olympic finalizes restructuring

Norwegian offshore vessel owner Olympic Ship has completed its financial restructuring announced in 2016.  Back in ...

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Diamond bounces back to profit

Drilling contractor Diamond Offshore went from red to black during the fourth quarter of 2016 while its revenues ...

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Aker BP reports $67 million net loss

Norwegian oil company Aker BP posted a total income of $656 million in the fourth quarter of 2016, and a net loss ...

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