Listen to "Overtime – Special Broadcast – Look back on 2020" on Spreaker.
A Look Back at the Top 10 Articles of 2020
2020 has been a difficult year personally and professionally for many in the industry but we are optimistic going into 2021 as the world comes to grips with COVID-19 and continues to put in place plans and procedures around the world. The airline industry is slowly returning to life, companies are consolidating to create a stronger ecosystem to remain cash positive and there is one thing that will never change, the world is not getting any smaller and the need for what we do increases each day as the resources are used up.
Stay safe and stay positive!
Valaris DS 8 drops BOP stack off Angola
The Valaris DS-8 experienced a non-drilling incident while operating offshore Angola resulting in the blowout preventer (BOP) stack being disconnected from the riser while the rig was moving between well locations. The BOP stack dropped to the seabed floor, clear of any subsea structures.
Oil rebounded after plunging to the lowest level in 18 years as policy makers across the globe try to strengthen economies against the impact of the coronavirus pandemic.
Pacific Drilling issues letter to staff
Letter sent to Rig Lynx from our sources dated April 1, Pacific CEO: With this rapid pace of change we must adapt quickly and make critical decisions that support our longer-term financial viability.
Halliburton furloughs 3,500 staff at Houston Headquarters
Halliburton, the world's biggest provider of fracing services, will furlough about 3,500 workers at its Houston headquarters as crude prices plunged to an 18-year low.
Relentless prepares for upcoming contract with Chevron GOM
Valaris's drillship the Relentless is preparing for its upcoming contract with Chevron that is expected to begin in September.
Schlumberger cuts executive salaries, reduces workforce amid oil price crash
Oilfield services provider Schlumberger on Tuesday said it will implement widespread salary and job cuts as it grapples with a sharp decline in revenue from the oil price collapse.
Nabors Responds to Market Conditions
Nabors Industries Ltd. announced it is taking several actions in light of current market conditions, which have arisen from the combination of the COVID-19 outbreak and the ongoing dispute between two of the largest oil exporters.
Transocean letter to shareholders
As part of Transocean's Annual Report, we are pleased to recognize and thank the entire Transocean team, as we summarize our accomplishments toward furthering our company's strategic position.
BP CEO response to market: Will not include making any BP staff redundant over the next 3 months
Oil major BP PLC will not cut jobs over the next three months, Chief Executive Officer Bernard Looney said, even as the company seeks to reduce spending following an oil price crash.
PV Drilling CEO issues letter to all employees
During the first 3 months of 2020, the Covid-19 pandemic broke out and quickly spread throughout the world with over 240,000 infected cases and 10,000 deaths, resulting in a sharp global recession. The whole world is struggling to deal with direct consequences in all aspects of business operation when value chains have been badly affected by disruptions of goods and materials supply and demand.
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