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(Reuters) - Exxon Mobil Corp XOM.N is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The second-largest U.S. oil company by market value lost nearly $1.7 billion in the first six months and analysts forecast a... Continue Reading →
Oilfield services provider Helix Energy Solutions saw its profit and revenues drop in the third quarter of 2020 compared to the same period last year due to lower utilization and activity. Helix Energy on Wednesday reported a net income of $24.5 million for the third quarter of 2020 compared to $31.7 million for the same... Continue Reading →
PGS has seen red in the third quarter of 2020 as revenues fell close to 70 per cent. The Oslo-listed seismic player reported quarterly loss of $32.6 million, or 8 cents per share on revenues of $85 million. This result compares against profit of $31.5 million, or 9 cents per share on 276.5 million revenues in the... Continue Reading →
The still challenging scenario imposed by the coronavirus pandemic continues to spill into Petrobras' plans. The state-owned company announced this week that it decided to postpone, to 2021, part of its scheduled platform stops, initially planned for the fourth quarter. The measure is a response to the contingency scenario of Covid-19, which continues to limit... Continue Reading →
"We are doing something amazing in Baker Hughes,” said Alex Seinuah, the leader of Baker Hughes’ Growth Initiatives Hub. “I call the hub a start-up business. Within the hub we look at disruptive technologies and services that we believe will deliver value to our customers. Within the hub we look at digital specifically for production... Continue Reading →
Baker Hughes Co reported a third straight quarterly loss on Wednesday, as a coronavirus-induced slump in commodity prices continued to hurt demand for equipment and services. Producers have been drilling fewer wells following a collapse in crude oil prices this year as demand for oil products has sunk. The downturn has hit rivals Schlumberger NV... Continue Reading →
Danish offshore drilling company Maersk Drilling has secured more work for its Maersk Voyager drillship with Total in Angola. The contract is for three development wells, to be drilled at Total's offshore Block 17. According to Maersk Drilling, the contract has an estimated span of 140 days. This will keep the Maersk Voyager rig busy contracted until... Continue Reading →
Spanish green energy company Iberdrola reported 4.7% net profit growth for the first nine months on Wednesday and said it still expected that metric to rise at a mid to high-single digit rate this year. Boasting more than 32GW of renewable generation capacity in markets including Spain, the United States, Brazil and Britain, Iberdrola is capitalizing on... Continue Reading →
(Reuters) - Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six people and two companies as part... Continue Reading →
(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor’s Diversified Services segment, was awarded a new approximately five-year contract under the consortium of CMgP, Consorcio Mantenimiento de Gasoductos del Peru, (Stork Peru S.A.C. and SICIM S.P.A.) by Compañía Operadora de Gas, S.A.C – COGA in Peru. Fluor booked the undisclosed contract value in the... Continue Reading →
