New CFO Named For #linnenergy Amid "Current Challenging Environment" #management #humanresources

Linn Energy said Tuesday morning that David B. Rottino has been appointed as Executive Vice President and CFO, effective immediately. He replaces Kolja Rockov, Executive Vice President and CFO, who…

Can A Struggling#transocean Reclaim Its Edge? #ensco #offshoredrilling #offshorerigs #customersatisfaction

For many, the misfortune and missteps that have befallen Transocean in recent years have been painful to watch. The bludgeoning began with fallout from the company’s role in the Macondo…

Baghdad Officials Reassure Basra IOCs, As IMF Warns Of Missed Output Targets #oilservicesequipment #onshore #engineering

Senior figures from the Iraqi government descended on the southern oilfields in mid-August to congratulate and reassure the international oil companies (IOCs) operating them, as local protests threatened to add…

Saudi Seeks Advice On Cutting Billions From Its 2016 Budget #saudiarabia #commoditytrends

Saudi Arabia is showing more signs that it is committed to a “lower-for-longer” oil price scenario, with Bloomberg reporting Tuesday that the Royal Kingdom is seeking counsel on how to…

#encana's $850mn Departure From The Haynesville #shale Shows Oil Front-And-Center

Encana has been recalibrating its strategy amid the low oil price environment and per a liquids-weighted focus introduced by CEO Doug Suttles in 2013. Today, the company made a further…

The Top 10 Stories You Need To Know About Today In O&G #topstories

It is 8am in Houston, 2pm in London, 5pm in Dubai, and 9pm in Singapore. And here are the top O&G news stories for today, Tuesday, August 25, 2015. Encana…

The Most Important Stories In #business & Economics Today

Early Tuesday in the US, global stocks are staging a recovery even though China is down another 7.6%. The S&P 500 is indicated +2.8%, and oil futures are indicated +3.5%.…

The Top 9 Stories You Need To Know About Today In O&G #topstories

It is 8am in Houston, 2pm in London, 5pm in Dubai, and 9pm in Singapore. And here are the top O&G news stories for today, Tuesday, June 30, 2015.

French Union Calls For Nationwide Refinery Strike This Thursday. France’s CGT union, which represents Total workers, has called for a nation-wide strike July 2 at refineries, oil depots and crude import terminals to protest the company’s plan to halt processing crude at the La Mede facility. [Oilpro]

French Union Calls For Nationwide #refinery Strike This Thursday #total #downstream

France’s CGT union, which represents Total workers, has called for a nation-wide strike July 2 at refineries, oil depots and crude import terminals to protest the company’s plan to halt…

Oil Majors Need A New Model To Deal With $60 Oil, Report Says #corporatestrategy #businesstrends #oilprices #commoditytrends

A report published by Morgan Stanley and The Boston Consulting Group says that the world’s top oil companies should change their business model to increase shareholder returns amid the lower…

Argentine plan to seize #falklands oil driller’ assets 'unlawful' says UK

UK Foreign Office Officials on Monday rubbished any attempt by Argentina to seize assets of oil drillers operating in the waters off the Falkland Islands saying the Argentine judge’s order…

Europe’s Largest Engineering Company Given Nod For $7.6bn Acquisition Of #dresserrand #ma #acquisitions #business

European Union regulators green-lighted Siemens AG’s $7.6 billion acquisition of one of the largest suppliers of rotating equipment solutions to the oil and gas industry, Dresser-Rand. The deal was approved…

The #Russia/#china Energy Partnership Just Got Stronger, Thanks To The "Power Of Siberia" #midstream #pipeline

On Monday, China officially started construction of a huge pipeline to import hundreds of billions of dollars worth of Russian natural gas. The so-called “Power of Siberia” pipeline is the…

#construction Has Begun At One Of The Biggest Oilfields Ever Discovered On The Norwegian Continental Shelf #ncs #norway #statoil #fielddevelopment

Construction work has commenced at what is being called the biggest industrial project in Norway for decades to come. Norway’s state-run Statoil said Monday that production of the first elements…

New #midstream JV To Build 700,000 Barrel Oil Storage Facility Along Houston Gulf Coast #magellan #transportation

Magellan Midstream Partners and LBC Tank Terminals announced Monday the formation of a $95 million joint venture for a crude oil storage and transportation project in the Houston Gulf Coast…