Aramco cut hits service companies where it hurts
Aramco’s move to cut investments was, Baker Hughes' Simonelli said, a “temporary aspect”.
NOV
Outcry as UK loses out to UAE’s Lamprell on £10bn floating wind projects
Work for a trio of giant floating wind projects off the coast of Scotland have gone to the UAE fabricator Lamprell, sparking outcry.
Cerulean reveals key partner for huge North Sea floating wind and platform electrification scheme
A fledgling company behind a £10-billion plan to decarbonise swathes of North Sea oil platforms using 200 of the largest floating wind turbines has revealed the identity of one of its partners.
National Oilwell Varco latest to go down soft rebrand route
Houston-headquartered oilfield equipment maker National Oilwell Varco has become the latest firm in the hydrocarbons sector to announce a soft rebrand.
MRDS expands into the Middle East with the appointment of director
Drilling service firm MRDS has hired a director to spearhead its growth plans in the Middle East and North Africa (MENA).
Finalists announced for the 34th Offshore Achievement Awards
The finalists for this year’s Offshore Achievement Awards (OAA) have been announced, with record entries submitted across a number of categories.
Orkney scheme for turning oil rigs into hydrogen producers seeks supporters
A consortium is seeking additional partners to advance an Orkney project aimed at converting North Sea platforms into hydrogen producers.
3T Energy’s new recruit to spearhead growth plans
Technology and training organisation 3T Energy Group has appointed a new executive vice president to spearhead its ambitious global growth plans.
NOV finds buyer for pair of blowout preventers
Oilfield technology and equipment firm National Oilwell Varco (NOV) will sell two 20,000-psi blowout preventer stacks to Transocean.
Teams in running for HR awards
Judges have whittled down dozens of applicants to reveal the shortlist for terrific teams and tremendous teachers at the north-east’s most prestigious HR awards.
Growth opportunities in Angus at Orchardbank Business Park
Angus is open for business with successful international, national and local businesses choosing to invest in the region, providing a strong and exciting economy, supported by a skilled, flexible and motivated workforce with an envious quality of life.
Stonehaven parts maker to double headcount after cash injection
A cash injection at a north-east precision engineering firm is expected to spark a recruitment drive over next few years.
NOV narrows losses after taking mammoth land rig order
US oil field service firm NOV narrowed its losses in the first half of 2018 as it secured the "largest land rig order ever placed".
NOV, Aramco form joint venture
US oil field service company National Oilwell Varco (NOV) and Saudi Aramco have agreed to form a joint venture in Saudi Arabia.
National Oilwell Varco buys Dutch rig design firm
Houston rig and equipment builder National Oilwell Varco has bought GustoMSC, a Dutch rig design and engineering firm.
Gallery: Open day at NOV’s new £41.7million Kintore HQ
NOV yesterday held an open day at its newly-opened £41.7million facility in Kintore.
NOV opens new £41.7m base in Kintore
Oil service giant NOV said today that it had invested £41.7million in its new base in Kintore, Aberdeenshire.
NOV, Maersk Drilling sign five-year partnership
Maersk Drilling and National Oilwell Varco (NOV) have struck a five-year partnership to improve maintenance predictability for drilling equipment.
National Oilwell Varco to cut more Houston jobs
National Oilwell Varco (NOV) has confirmed it will cut more Houston jobs as it switches locations.
Size isn’t everything anymore for world’s oil-service providers
The era of monster takeouts in the oil-services world took a further step back Thursday when National Oilwell Varco Inc. and GE Oil & Gas partnered up, reinforcing an industry-wide push for cost savings over size.
NOV and GE strike digital FPSO deal
National Oilwell Varco (NOV) and GE Oil & Gas have struck a deal to collaborate on digital solutions for Floating Production Storage and Offloading (FPSO) vessels.
NOV makes 520 job losses in Norway
National Oilwell Varco (NOV) has made a further 520 redundancies in Norway.
NOV cuts quarterly dividend to $0.05 per share
National Oilwell Varco cut its quarterly dividend to $0.05 per share in response to market conditions which continued to deteriorate through the first quarter of 2016.
Norway oil job losses hit 1,500 in one week
The past week has seen an estimated 1,500 jobs go from the oil and gas industry in Norway.
Aibel to make 500 job losses in Norway
Aibel is set to make 500 redundancies in Norway in a bid to streamline costs.