Baker Hughes Posts Smaller-Than-Expected Quarterly Loss

Baker Hughes, which in May abandoned a merger with closest rival Halliburton due to opposition from antitrust regulators, said total costs and expenses fell 31.2% in the third quarter ended Sept. 30.

Niger Delta Avengers Claim Attack On Chevron Pipeline

The Avengers, which declared the break in hostilities to pursue talks with the government, said on its website that the group "took down Chevron Escravos export pipeline at Escravos offshore" at around 3:45 a.m. (4:45 GMT).

BP's General Counsel Rupert Bondy Will Step Down At Year-End 2016

Rupert Bondy joined BP in 2008. After he leaves BP at the end of 2016, he will become senior vice president, general counsel and company secretary of health and home products manufacturer Reckitt Benckiser, Reuters reported.

Petrobras' Board Approves Independent Committee To Assess Subsalt Transfer Of Rights

Petrobras bought the rights, known in Portuguese as the "Cessão Onerosa," for more than $50 billion as part of a more than $70 billion stock sale in 2010, Reuters reported.

Downhole Supplier Rubicon Oilfield Acquires Tool Supplier Logan International

Logan employees will leverage Rubicon's existing worldwide platform for delivering well product solutions to customers.

Wood Group Secures Hibernia Contract Offshore Canada

Hibernia Management and Development Company Ltd. (HMDC) has awarded Wood Group a five-year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform offshore Newfoundland.

Petrobras, Total Agree To Collaborate On Oil, Gas E&P Opportunities

Brazil's Petrobras and France's Total SA agreed on Oct. 24 to study opportunities for joint developments in E&P of oil and gas both in Brazil and abroad, Petrobras said in a statement.

Iran Will Open First Modified Tender For Field Development In November

Ali Kardor, NIOC’s managing director, said oil companies will be able to bid for a contract to develop the South Azadegan oil field as early as November 19, Reuters reported.

Russian Helicopter Crash Kills 19 Oilfield Contractors

The helicopter was carrying employees of a contractor from oil major Rosneft’s Suzun oil field, part of the Vankor deposit, Russia’s northernmost onshore oil production project.

Shell Sells Noncore Canadian Oil, Gas Assets For $1 Billion

Shell said it will sell 206,000 acres of developed and undeveloped lands, amounting to production of about 24,850 barrels of oil equivalent per day, to Calgary-based Tourmaline.

Analysts Expect More Rigs To Be Added With Oil Above $50 Per Barrel

With oil prices expected to continue rising in 2017 and 2018 amid a forecast tightening of the supply-demand balance, analysts said energy firms will boost spending on drilling, Reuters reported. 

DualEx Closes Acquisition Of Producing Peace River Arch Assets

DualEx also said that Jason Schoenfeld was appointed as vice president of engineering, effective Oct. 20. Schoenfeld is a professional engineer with 20 years’ experience in the western Canadian oil and gas industry.