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Polarcus Organization Reshape
United Arab Emirates >> 6/22/2020 - Polarcus Limited (“Polarcus”) (PLCS) refers to its press release dated 31 March 2020 which provided details of enhanced business continuity measures and a USD 15 million cost reduction plan to navigat...
Subsea 7 Announces Cost Reduction Measures
United Kingdom >> 5/28/2020 - Subsea 7 issued further details of the cost reduction programme, following initial guidance provided on 30 April. ...
Petrofac Announces Update on Market Conditions
Petrofac Announces Update on Market Conditions United Kingdom >> 5/15/2020 - Petrofac Limited (“Petrofac”) is holding its Annual General Meeting. In an update to shareholders, Chief Executive Ayman Asfari will comment: ...
ExxonMobil Reduces 2020 Capex by 30%
United States >> 4/7/2020 - ExxonMobil said it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakn...
Chevron Announces Actions in Response to Market Conditions
United States >> 3/24/2020 - Chevron Corporation announced several steps it is taking in response to market conditions. ...
CEO Letter to Shareholders
Norway >> 3/23/2020 - Alex Schneiter, President and CEO of Lundin Petroleum AB has written an open letter to shareholders in regard to current market conditions, measures taken to mitigate any impact from the current Covid...
Husky Energy Suspends West White Rose Project
Canada >> 3/22/2020 - Husky Energy will begin a systematic and orderly suspension of major construction activities related to the West White Rose Project. The decision reinforces Husky’s objective to prevent the transmissi...
Apache Announces Revised Capital Guidance and Dividend Reduction
Apache Announces Revised Capital Guidance and Dividend Reduction Egypt >> 3/12/2020 - Apache Corporation (NYSE, Nasdaq: APA) today announced multiple actions being taken in response to the current oil price environment. The company reduced its 2020 capital investment plan to a range of...
Yokogawa & Sphera Reach Agreement to Provide Risk Assessment
Japan >> 11/28/2018 - Yokogawa Electric Corporation announces that it has reached a go-to-market agreement with Sphera Solutions, Inc., a leading provider of integrated risk management software and information services foc...
PDVSA Wants Investors to Tender $600m Extra in Bond Swap
Venezuela >> 10/21/2016 - Venezuela's state oil producer PDVSA wants investors to tender an extra $600 million in a bond swap, preferably from the issue maturing in November 2017, to reach required levels of participation, a s...
An International Effort to Power Africa
Ghana >> 9/29/2015 - Powerful alliances were made Monday when the President of the United States, Barack Obama, and the President of the African Development Bank Group (AfDB), Akinwumi Adesina, shook hands, sealing a comm...
Migrating between SAP ERP Systems Delays Asset Transfer Completion
United Kingdom >> 6/26/2015 - The recent stabilisation in oil price has provided a context in which acquisition and divestment plans shelved during a period of volatility, are being dusted down and actively progressed. Operators a...
Aker & Baker to Cooperate on Early-Phase Oil & Gas Studies
Aker & Baker to Cooperate on Early-Phase Oil & Gas Studies Norway >> 6/19/2015 - Aker Solutions and Baker Hughes agreed to cooperate on early-phase studies to help customers improve the overall economics and value of oil and gas field developments. ...
BMT Secures Research Grant for Australia’s Next-Generation Submarine
BMT Secures Research Grant for Australia’s Next-Generation Submarine Australia >> 6/10/2015 - BMT Design & Technology (BMT), a subsidiary of BMT Group Ltd, in collaboration with Defence Science and Technology Organisation (DSTO), has secured funding through the Australian Defence Science Insti...
TPDC Goes Live with MetricStream Audit Management Solution
Tanzania >> 7/23/2014 - MetricStream, a market leader in enterprise Governance, Risk, and Compliance (GRC) solutions announced that the government-owned Tanzania Petroleum Development Corporation (TPDC) has gone live with Me...
Octanex Awarded a RSC for Ophir Field Offshore Malaysia
Malaysia >> 6/12/2014 - An Octanex led joint venture has been awarded a risk service contract (RSC) over the Ophir Oil Field located offshore of Peninsula Malaysia. The JV company awarded the contract, Ophir Production Sdn B...
2nd Annual Crisis & Risk Management Summit 2014
Kuwait >> 4/9/2014 - Kuwait Oil Company (KOC), one of the world’s foremost oil producers, is preparing to double production by 2020. Already a top global exporter of crude oil, KOC plans to drive up production from 2.1 mi...

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