Sunday, December 28, 2025

Seadrill Partners Awarded $273 Million in Brit High Court Ruling

Seadrill Partners LLC said the English High Court has ruled in favor of its subsidiary Seadrill Ghana Operations Limited relating to the early termination of the West Leo contract by Tullow Ghana Limited. Seadrill Ghana was seeking to recover standby and force majeure rates and early termination fees of $278 million plus interest and legal expenses, Seadrill said in a

Northwoods Energy Announces New CFO

Northwoods Energy LLC (“Northwoods” or the “Company”), a portfolio company of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO) (“Apollo”), has appointed Nate Wells as Chief Financial Officer. In this role, he will be responsible for corporate functions at Northwoods, including finance, treasury, accounting, tax, and legal. Tom Tyree, Chairman and Chief Executive Officer, said, “Nate will

McDermott Appoints New COO

McDermott International, Inc. (NYSE: MDR) announced today that Samik Mukherjee has been appointed to serve as the company’s new Executive Vice President and Chief Operating Officer (COO), effective July 3, 2018. Samik Mukherjee, Executive Vice President and Chief Operating Officer, McDermott International, Inc. “Samik possesses tremendous experience and knowledge of our industry and has a strong track record of driving

Noble Energy Adds to Delaware Basin Takeaway

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today announced that it has supplemented its Delaware Basin takeaway position with an additional firm sales agreement which will result in the Company’s crude oil reaching the Gulf Coast.  The five-year agreement provides for firm gross sales of at least 10 thousand barrels of oil per day (MBbl/d) beginning in

Trinidad Drilling Announces Changes to Board of Directors

Trinidad Drilling Ltd. (TSX: TDG) (Trinidad) today announced changes to its Board of Directors. Ken Stickland, previously Trinidad’s lead director, has been appointed Chairman, and Michael (Mike) Heier, Trinidad’s Chairman and founder, has resigned. “Mike has been fundamental to Trinidad’s growth and success over the Company’s more than 20-year history,” said Ken. “We will miss Mike’s extensive experience, his enthusiastic

Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

From Bloomberg Under U.S. pressure, kingdom boosts production by 330,000 b/d Libyan, Venezuelan losses mean total OPEC output holds steady. Saudi Arabia’s biggest oil-production surge in five years was only enough to keep OPEC’s output steady last month, as losses elsewhere in the group piled up. The kingdom is delivering on its promise to try and tame crude prices, boosting