Husky curbs spending plans

Canada's Husky Energy plans to spend approximately $3.4 billion on its capital expenditure program in 2019.

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FOE to change its name amid refinancing efforts

Norwegian offshore drilling company Fred. Olsen Energy (FOE) has decided to change its name amid ongoing ...

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Regulatory processes delay MacGregor-TTS deal

MacGregor has experienced delays in its planned acquisition of marine and offshore businesses of TTS Group due to ...

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Solstad bondholders agree to suspension of debt payments

Bondholders of Solstad Offshore have accepted the company's proposal for temporary suspension and deferral of ...

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Carlyle completes EnerMech acquisition

Aberdeen-based oilfield services provider EnerMech has confirmed the conclusion of its sale to The Carlyle Group. ...

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Neptune's Indonesian business gets new managing director

Oil and gas company Neptune Energy has appointed a new managing director of its Jakarta-based Indonesian business.

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Ex-Rockhopper COO named non-executive chair at IOG

Independent Oil and Gas has appointed an independent non-executive chair of the board with effect from January 1, 2019.

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Petrobras starts procedure for new CEO appointment

Brazilian oil company Petrobras has received a letter from its controlling shareholder with the appointment of the ...

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Pacific Drilling to relist on NYSE

Pacific Drilling has received approval to relist its common shares on the New York Stock Exchange.

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Faroe on takeover bid: DNO wants it on the cheap

Oil company Faroe Petroleum has again urged shareholders to ignore the unsolicited takeover offer by DNO, saying ...

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Scorpio takes over NAO after $5 million investment

Scorpio Offshore has taken control of the NYSE-listed offshore support vessel owner, Nordic American Offshore ...

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Ophir Energy increases debt facility to repay Santos assets

Ophir will now be able repay a facility used to fund the acquisition of a package of assets from Australia's Santos.

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Hess to boost capital budget after two years of stagnation

Hess Corporation will allocate 75% of its 2019 E&P capital and exploratory budget of $2.9 billion to high return ...

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ConocoPhillips to keep 2019 capital flat

U.S. oil major ConocoPhillips has revealed that its capital expenditure budget for 2019 will be $6.1 billion. 

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Point Resources, Eni Norge merge into Vår Energi

Oil companies Point Resources and Eni Norge have completed the merger, and have as a result established a company ...

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Neptune takes over its first development in Norway

Neptune Energy has taken over the operatorship of the Fenja field development located offshore Norway. 

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Equinor's $914M Troll Phase 3 project gets green light

Equinor's proposed development of Phase 3 of the Troll field in the Norwegian part of the North Sea has been ...

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Polarcus to go to court with PGS over patent claim

Polarcus has accepted service of court proceedings filed by PGS relating to the acquisition of seismic data in ...

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Chevron in first capex boost after four years

Chevron has announced a $20 billion-dollar capex for 2019, marking a first budget boost after it had lowered capex ...

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Well-Centric to create 'largest well integrity firm in UK'

Well-Centric has announced the acquisition of Simmons Edeco Europe from its Canadian owner.

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Sirius Petroleum adds Precision to portfolio

Sirius Petroleum has signed a sale and purchase agreement to acquire a 75% stake in Precision Energy Tetra 109 from PEG.

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Solstad asking for suspension on debt payments

Solstad Offshore has scheduled a bondholders' meeting to ask their consent for temporary suspension and deferral of ...

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Maersk Supply Service chooses new CFO

Danish offshore shipowner Maersk Supply Service (MSS) has elected a new chief financial officer of the company.

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Chevron elects new board member

U.S. oil major Chevron has elected a new member of the company’s board of directors.

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James Fisher CEO to retire after 15 years in the role

Chief executive officer (CEO) of marine and oil and gas services provider James Fisher and Sons has decided to ...

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Kreuz Subsea names first independent non-exec director

Subsea services company Kreuz Subsea has appointed the company’s first independent non-executive director.

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Wood picks new president for strategy and development

Oilfield services provider Wood has appointed a new executive president for strategy and development.

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