In wake of the accident, Statoil has temporarily shut down production at Gullfaks B; aviation authorities have banned Airbus EC225LP helicopters from flying until further notice.

The state-controlled company, which has one of the best success rates in the industry in finding new reserves at one of the lowest cost bases, has tabled disposals of 7 billion euros (US$8.01 billion) to 2019.

The acquisition will transform San Francisco-based Neos into a "world leader" in the detection of natural resources, the release said.

ExxonMobil, profit, earnings, production, exploration, Woodbury

The company is paying attention to demand growth as it works to maximize shareholder value.

Chevron reported a net loss of $725 million, or 39 cents per share, compared with a net profit of $2.57 billion, or $1.37 per share, in the year-ago period.

The helicopter was on its way back from the Gullfaks B oil platform, operated by Statoil, in the North Sea when it crashed. There were 11 passengers and two crew onboard, Statoil and rescue officials said.

National Oilwell had 50,197 employees as of Dec. 31. Based on this number, the company cut about 12% of its workforce in the first quarter.

The Houston-based company cut its forecast for capex in 2016 to $5.7 billion from $6.4 billion, just two months after reducing it and slashing its dividend by 25%.

Tullow will have to reduce annual production forecast due to an ongoing technical issue that shut its flagship Jubilee oil field in Ghana, which will resume production soon, Reuters reported.

The Scottish company, which specializes in pumps and valves used in drilling rigs, said a 20% reduction in U.S. land rig count in the past two months had lowered demand for its products.

Developing better subsea compression systems at lower costs and in less time will be the initial focus area, Aker Solutions said in a statement.

Xtreme currently owns a fleet of 11 coiled tubing units in Saudi Arabia and the United States. The transaction is subject to customary closing conditions and is expected to close in the third quarter, Schlumberger said in the release.

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