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TTS to cut 40-60 jobs in China and Norway

TTS Group will lay off 40-60 employees due to, as it explained, a weaker market development than expected in the ...

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Seadrill pauses rigs orders. Cuts dividend

Seadrill will refrain from ordering new offshore rigs in the near future due to the challenging market conditions ...

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LBO cuts 50

Norway's Linjebygg Offshore AS (LBO) is one of many oilfield services suppliers forced to lay off workers this year ...

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Aibel lays off 230 Haugesund workers

Norwegian engineering and construction company Aibel will reduce its workforce by an additional 230 people.

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PGS cuts fleet to reduce cost and capex

Petroleum Geo-Services ASA announced today that it has implemented further steps to streamline operations, reduce ...

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Lundin completes Luno II appraisal well. Cuts ...

Lundin Petroleum has completed drilling of the appraisal well 16/4- 8 S in the Luno II discovery, offshore Norway. ...

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JES Cuts Steel for Two Vega Offshore PSVs. Eyeing New ...

JES International Holdings Limited, a major private shipbuilding group based in China, has started the steel ...

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CIMC Raffles Cuts ‘North Dragon’ Steel (China)

Chinese construction company Yantai CIMC Raffles Offshore Limited has begun construction of a semi-submersible ...

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CIMC Raffles Cuts First Steel for Sinopec’s New ...

China’s CIMC Raffles has kicked off work on a new jack-up rig for Sinopec.  The steel cutting ceremony for ...

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Norway: Cuts in Production Possible Due to Storm, ...

Norway: Cuts in Production Possible Due to Storm, Statoil Says

Norway’s Statoil stated that cuts or shutdowns in offshore production are possible over the upcoming weekend ...

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Kazakhstan: Royal Dutch Shell Cuts Down Kashagan Costs ...

Royal Dutch Shell  has radically simplified the design of the Kashagan oil development, slashing $18bn (£11.5bn) ...

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