Brent oil prices rose early on Monday after Saudi Arabia raised its oil price for a third consecutive month, signaling recovering demand.
Hear how global commodity leaders are approaching trade in the unprecedented climate
UK authorities have approved the plan for the removal of the Petrojarl Banff FPSO and Apollo Spirit FSO from Canadian Natural Resources’ Banff and Kyle fields in the UK sector of the Central North Sea.
Petrofac’s Engineering & Production Services business (EPS) has begun activity on its previously awarded well decommissioning contract for the Rubie and Renee fields
Threat from depressed crude prices charted by study as Energean deal collapses
Oilfield services provider TechnipFMC has said its Deep Energy vessel has set a new world record for the stiffest pipe ever installed from a Reel-Lay vessel.
More than 150 workers at Bilfinger UK could face the axe as the company confirmed it has begun redundancy consultation for staff currently on the Covid-19 furlough scheme
Drilling contractor Archer has confirmed it is to cut between 600 and 750 jobs globally as a result of the oil price crash and Covid-19 pandemic
Offshore drilling company Maersk Drilling has announced a new wave of layoffs and has revised its financial guidance for 2020
The layoffs are effective immediately, a Halliburton spokesperson confirmed
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