Author hkrichiedistribution

BREAKING: Second Corona Case Removed from Elgin Field – Third Case Suspected

CHC’s Corona Copter has been called into action today to remove a second suspected Coronavirus case from the Valaris drilling rig in the Elgin field. The room mate of the individual being evacuated has also been placed into isolation after showing symptoms. Both have been classed as category C cases (someone with confirmed symptoms). The

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Total, Shell Announce Multi-billion-dollar Budget Cuts as Oil Continues Decline

Total and Shell each introduced significant cost-reduction measures, as the oil price war and the global spread of Covid-19 combined to disrupt operations. Following the lead of other supermajors like BP and ExxonMobil, Total and Shell are implementing plans to reduce capital expenditures, operational costs, and cancel planned share buybacks. Specifically, Total and Shell plan

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Tendeka Lands Four-year Zonal Isolation Contract in Malaysia

Tendeka has secured a four-year contract to supply its zonal isolation technologies across a leading operator’s Malaysian assets. This is the third time Tendeka has won this contract, which first started in 2013. This latest extension, worth more than $1 million, will see the company carry out the work until 2023. Tendeka’s SwellRight swellable packers

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ConocoPhillips to Implement $2.2B in Cash-saving Measures

ConocoPhillips announced that it is taking several actions in response to the recent oil market downturn. “Our industry is clearly experiencing an unprecedented event brought about by simultaneous supply and demand shocks,” said Ryan Lance, chairman and chief executive officer. “The actions we are now taking reflect an acknowledgement of current events as well as

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