However, four of its five operating segments recorded sequential improvements in operating results.

Indonesian state-owned oil and gas company Pertamina has awarded Halliburton Co. a multiyear digital transformation contract, Halliburton reported late Monday.

Dignitaries pose for a photo before breaking ground on McDermott's new fabrication facility in Ras Al-Khair, Saudi Arabia. PHOTO SOURCE: PRNewsfoto/McDermott International, Inc.

The U.S. Bureau of Safety and Environmental Enforcement has revealed that its BSEE!Safe text notification service now has over 5,300 subscribers.

Oil extended losses below $50 a barrel after plummeting more than six percent over the previous two sessions on fears the fast-spreading coronavirus will take a major toll on global economic growth.

A slump in spot prices and abundant production have created opportunities for cheaper supply.

The slump in prices comes as the OPEC and allied producers prepare to meet in Vienna next week.

Centennial Resource Development Inc. has revealed that Mark G. Papa will retire as chairman and chief executive officer of the company on May 31.

Survivex is launching a new drilling well control center of excellence in Aberdeen.

Worley marks the latest chapter in its 10-year involvement with the project.

Above is a rendering of a Q-LNG ATB vessel designed to carry 8,000 cubic meters of LNG. IMAGE SOURCE: Harvey Gulf International Marine

Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year.

At the end of the notice period, the entire facility will be closed, the WARN letter stated.

The well completions technology manufacturing center is located in Saudi Arabia's Eastern Province.

Chart Industries President and CEO Jill Evanko, center, at Monday's LNG virtual pipeline signing ceremony in India seated with ExxonMobil and IOCL officials. US and Indian dignitaries, standing, look on. PHOTO SOURCE: Chart Industries, Inc.

Equinor has informed the Australian authorities that it will discontinue its exploration drilling plan (Stromlo-1) in the Ceduna sub-basin offshore South Australia.

OPEC hasn't made a decision yet on whether to extend or modify its agreement to cut oil output.

Oil recovered some of its losses following the biggest drop in almost seven weeks as investors attempted to gauge the economic impact of the fast-spreading coronavirus and the potential response from producers.

Oil tumbled by the most in almost seven weeks.

The conflict over Zama has ignited concerns in the oil sector that politics will override economic and technical data.