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AVEVA supports Fabricom on major brownfield project

AVEVA announced that Fabricom Offshore Services, a leading provider of engineering, procurement, construction and project management services to the Oil & Gas Industry, is using AVEVA software for the brownfield modification of GDF Suez’s Cygnus Platform in 2016.

UPDATE 1-Rig contractor Noble Corp reports lower than expected adjusted profit

Feb 3 (Reuters) - Noble Corp Plc reported a quarterly adjusted profit lower than analyst had expected, and its shares slid more than 7 percent in trading after the bell.

South32 to book $1.7 bln charge, slash manganese output and jobs

MELBOURNE, Feb 4 (Reuters) - Australia's South32 Ltd said on Thursday it will write down its assets by $1.7 billion, axe hundreds of jobs, and cut global manganese supply by about a quarter as it battles what it sees as a prolonged slump in commodity prices.<

UPDATE 1-Barometer of shale oil industry's health warns agony to get worse

HOUSTON, Feb 3 (Reuters) - The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow further as 2016 drags on.

UPDATE 1-Australia's AGL says to exit gas unit

SYDNEY, Feb 4 (Reuters) - AGL Energy Ltd, Australia's second-largest energy retailer, said it will sell its gas exploration and production assets because of volatile markets, ending a decade-long attempt to diversify and resulting in a loss of nearly $460 million.

Oilfield services provider Weatherford to cut 6,000 jobs

Feb 3 (Reuters) - Weatherford International Plc said it would cut about 6,000 jobs in the first half of 2016 as a steep drop in oil prices hurts drilling and exploration activity.

Rig contractor Noble Corp reports smaller quarterly loss

Feb 3 (Reuters) - Noble Corp Plc reported a smaller quarterly loss, helped by a payment related to the termination of a rig contract.<

European Commission extends Halliburton-Baker Hughes deal review

Feb 3 (Reuters) - Oilfield services provider Baker Hughes Inc said the European Commission had extended the review of its merger with Halliburton Co by 20 working days.

COLUMN-Is it time for the United States to dump Saudi Arabia?

Feb 3 (Reuters) - After the recent execution of Shi'ite cleric Nimr al-Nimr by Saudi Arabia, the Middle East once again risks devolving into sectarian chaos.

U.S. House lawmakers propose $1 bln in aid for struggling coal country

WASHINGTON, Feb 3 (Reuters) - The chair of the House of Representatives appropriations committee introduced a bill on Wednesday that would channel $1 billion to revitalize battered coal-producing communities.

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