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Oil & Gas industry
Diamond Offshore Drilling files for bankruptcy
...In an April 16 note downgrading Diamond’s debt to the 17th point on its 21-point scale, rating agency Moody’s said the oilfield services sector would be “one of the sectors most significantly affected” by...
April 26, 2020
News in-depthNikkei Asia
Cambodian oil: the dream that refuses to die Premium content
...A version of this article was first published by the Nikkei Asian Review on November 01. ©2019 Nikkei Inc. All rights reserved....
November 10, 2019
FT Live
Commodities Asia Summit
Enabling decarbonisation in a time of disrupted trade flows
Wednesday, 6 NovemberSingapore
World
High-flying Indonesian contractor scrambles to move past accidents Premium content
...Many of them are turnkey contracts, meaning that costs arising from delays may be borne by the company....
March 6, 2018
Oil
Dismal delivery puts big oil and gas energy projects at risk
...For big oil companies, projects such as deepwater oilfields or liquefied natural gas plants will continue to be critical to their future....
July 26, 2016
News review: exclusives of the year
Spies, lies and the oligarch: inside London’s booming secrets industry
...Petrodollars that poured in from Kazakhstan’s Caspian oilfields went astray....
September 28, 2017
News in-depthFT Investigations
The Great Land Rush: Myanmar – The dispossessed
...The jobs would last up to nine months, the time the contractor was engaged. Only half of the villagers took the work, Daewoo said....
March 1, 2016
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
News in-depthEuropean companies
North Sea oil producers face a perfect storm
...Last year, the company managed to extract 3m barrels from its Thistle oilfield, once owned by BP, for the first time since 1997....
October 18, 2015
News in-depthThe Big Read
New oil order: Leaner times for Canada’s ‘Fort McMoney’
...The Canadian Association of Oilwell Drilling Contractors estimates 25,000 jobs will be lost this year....
June 16, 2015
LombardJonathan Guthrie
Pfizer’s 2014 tax cut matters more than AZ’s 2023 sales
...It is here that Balfour has run into trouble, succumbing to the weakness characteristic of many contractors: bidding low to win jobs, then taking a hit when costs escalate....
May 6, 2014
FT AlphavilleIzabella Kaminska
The (early) Lunch Wrap
...(Financial Times) The future of BP’s flagship Rumaila oilfield in southern Iraq is in jeopardy after a bureaucratic snarl-up in Baghdad forced the company to axe a hundred crucial contractor jobs....
February 24, 2014
FT AlphavilleOil
The 6am London Cut
...(Financial Times) The future of BP’s flagship Rumaila oilfield in southern Iraq is in jeopardy after a bureaucratic snarl-up in Baghdad forced the company to axe a hundred crucial contractor jobs....
February 24, 2014
European companies
Shell-backed Iraqi $17bn gas project gets under way
...That means the contractors “have little commercial incentive to make gas readily available,” the IEA said....
May 1, 2013
LexEuropean companies
SBM Offshore: ghost platform
...It has damaged SBM’s reputation as a contractor: there is a worry that the episode will cost it future business....
March 12, 2013
US equities
Wall St struggles to move on from slump
...Marathon Petroleum gained 1.4 per cent to $53.88 and oilfield services equipment marker National Oilwell Varco moved 2.6 per cent higher to $70.79....
November 12, 2012
US downturn
Fall in US rig count hurts oilfield services names
...Oilfield services companies slipped as the Baker Hughes global oil and gas rig count fell for the first time since April....
December 7, 2011
FT Live
Investing in America
Foreign companies as drivers of US growth, resilience and competitiveness
Tuesday, 10 DecemberHybrid Conference
Energy sector
Deals set to double Ithaca’s output
...Ithaca also announced a strategic partnership with Petrofac, the oilfield services provider, to create a production hub for the fields in the Greater Stella Area, namely the Stella, Harrier, Hurricane and...
October 20, 2011
Oil
Brazil oilfield reveals local sourcing problem
...The discoveries are also attracting numerous other multinationals specialising in research and development and oilfield services....
June 30, 2011
Capital markets
Small caps: Namakwa Diamonds plunges
...SimiGon , a flight simulator maker, rose 7.9 per cent to 5.1p after the US Air Force chose it as prime contractor for a scheme to teach undergraduate students how to fly remotely piloted aircraft....
September 1, 2011
Oil
BP vows tougher Gulf drilling standards
...BP has applied for permission to resume drilling in the deepwater of the gulf, although it aims to start with development wells in existing oilfields, not new exploration....
July 15, 2011
Oil
Amec and Petrofac oil wheels of Footsie gains
...Stocks such as Amec and Petrofac gained after Transocean offered a 98 per cent premium to buy Aker Drilling, a Norwegian rig contractor....
August 15, 2011
US downturn
Wall St down on poor economic data
...The energy sector was one of the few winners in the session, led by oilfield services stocks as oil prices climber higher....
April 8, 2011
UK retail results
BAE leads London fallers as defence fears bite
...Shares in the defence contractor dropped 4.3 per cent to 326¾p, the sharpest fall since April, amid fears that unrest in Libya could spill over to Saudi Arabia....
February 22, 2011
US downturn
Chipmakers put in a solid show
...Oilfield services stocks were given a lift on Wednesday after the ban on drilling in the Gulf of Mexico was lifted four weeks earlier than expected....
October 15, 2010
FT AlphavilleNeil Hume
Guess the bidders – Wellstream edition
...for an installation contractor (vessel owner) to own manufacturing capacity (indeed oil companies often specify a preferred pipe supplier)....
September 21, 2010
US downturn
Housebuilders help Wall Street equities turn positive
...Superior Well Services, the oilfield services company, surged 21.1 per cent to $22.08 after Nabors Industries, the world’s largest land rig contractor, agreed to buy the company for about $900m in cash,...
August 9, 2010

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