Business news

The company has closed on a comprehensive recapitalisation with additional investments from both its existing lender groups and funds managed by Ares Management.

In the first half of 2020, Canada’s production declined 20% from its 2019 average of 5.5 million bpd.

The leading representative body for the UK oil and gas industry has appointed Sian Lloyd Rees, UK country manager and SVP of customer management at Aker Solutions.

Appointment of Claire Langelier as Group General Counsel of Vallourec.

The OAA will host its first ever virtual awards ceremony – streamed across a wide range of online platforms – on Friday 14 August, 2020.

The "Global Offshore Oil and Gas Pipeline Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

Kawash was formerly the Senior Vice President for the Europe, Africa, Russia and Caspian (EARC) region, which has been combined with the Middle East North Africa (MENA) region.

As a result of auctions concerning continuous annual products that finished on the GSA and RBP platforms on 6 July 2020, capacity for the nearest gas years has been assigned.

The company’s Board of Directors has appointed Crystal Heter as Chief Operating Officer, effective immediately.

Mexico’s dependency on natural gas is forecast to grow as Pemex focuses on crude oil production and the US continues to have an excess in natural gas supply, according to GlobalData.

China’s oil demand gradually recovers, according to ESAI Energy.

The UK government and 12 other governments have pledged their support for actions needed to ensure the welfare of the world’s seafarers during the COVID-19 pandemic.

The subsidiary of Diamondback Energy, Inc. has priced at par an offering of US$500 million aggregate principal amount of its 5.625% senior notes due 2025.

Julie L. Bushman will serve as an independent director on the Audit and Finance Committee and the Public Policy Committee of the board.

The accreditations were issued following an ISO audit at its European headquarters in Rayleigh, Essex, UK.