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Friday, 10 July 2015
Halliburton hopes to close Baker Hughes acquisition by Dec. 1
Halliburton and Baker Hughes have agreed to extend the time period for closing of the acquisition to no later than December 1, 2015. More »
Rig count increases again as U.S. drillers add five more oil-directed rigs
The U.S. rig count rose for the third week in a row on Friday, according to the latest data from Baker Hughes. More »
Schlumberger receives Center for Offshore Safety SEMS certification
Schlumberger has achieved SEMS certification to Center for Offshore Safety Program expectations and 30 CFR 250 Subpart S requirements. Schlumberger is the first service/supply contractor to achieve this voluntarily, further demonstrating their commitment to SEMS, assurance of their safety management system, and to ensure they know where is best to focus their continuing work on safety management. More »
Wellsite Rental Services to merge with Viking Oil Tools
Wellsite Rental Services and Viking Oil Tools have agreed to merge to form Wellsite Fishing and Rental Services. Both companies are majority owned by NGP Energy Technology Partners. More »
Saint-Gobain Seals opens new Houston office
Saint-Gobain Seals has announced the opening of its new technical and sales office in Houston, with a district sales manager and application engineer on staff, which will reinforce the support to local oil and gas customers. More »
Halliburton hosts opening of St. Louis Primary School Nfiengong-Njap in Cameroon
An opening ceremony was held June 19 for the newly rebuilt St. Louis Catholic Primary School Nfiengong. Aided by a donation from Halliburton and the Amom Foundation, students in the village of Nfiengong near Bamenda, Cameroon, have a new primary school to attend in their village. More »
Alder topsides sail-away and installation complete, Chevron says
Chevron Upstream Europe has announced that the sail-away and installation of the Alder Project’s topsides module has been safely and successfully completed, marking a major project milestone. More »
Maersk Discoverer finishes BP well 62 days ahead of time
At the start of May, the crew on the Maersk Discoverer semisubmersible reached a major milestone when they finished their latest well two months ahead of time. The well was another East Nile Delta success for BP, discovering 50 m of gas pay in high-quality Oligocene sandstones. More »
12 workers killed at Nigeria pipeline repair site, Eni says
A fatal explosion at a pipeline repair site in Nigeria claimed the lives of 12 workers on Thursday, Italy's Eni said in a statement. More »
12 workers killed by Nigeria pipeline explosion, Eni says
A fatal pipeline explosion in Nigeria claimed the lives of 12 workers on Thursday, Italy's Eni said in a statement. More »
North Atlantic Drilling secures contract for West Phoenix semisub
North Atlantic Drilling has been awarded a contract extension for the West Phoenix semisubmersible by Total EandP UK Limited, commencing mid-March 2016 and securing work for the unit through the end of August 2016. More »
Oil may fall further before supply growth slows, IEA says
Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency. More »
Petrofac awarded $780 million project in Kuwait
Petrofac has received an award notification for Kuwait Oil Company’s (KOC) manifold group trunkline (MGT) system in the north of Kuwait. More »
Alder topsides sail-away and installation complete
Chevron Upstream Europe has announced that the sail-away and installation of the Alder Project’s topsides module has been safely and successfully completed, marking a major project milestone. More »
Marica moors at BRASA following FPSO’s arrival in Brazil
There was a buzz at BRASA as it celebrated the arrival of FPSO Cidade de Marica. The SBM Offshore vessel berthed safely at the Niteroi-Rio based yard on Jul.9, 2015. She had arrived in Brazilian waters mid-June, following her 10,625 m voyage from China. More »
Thursday, 9 July 2015
Saint-Gobain Seals opens new Houston, Texas technical and sales office to support local oil and gas partners
Saint-Gobain Seals announces the opening of its new technical and sales office located at 12941 North Fwy., Suite 226, Houston, Texas 77060, with a District Sales Manager and Application Engineer on staff, which will reinforce the support to local oil and gas customers. More »
Wellsite Rental Services announces merger with Viking Oil Tools
Wellsite Rental Services and Viking Oil Tools have agreed to merge to form Wellsite Fishing and Rental Services. Both companies are majority owned by NGP Energy Technology Partners. More »
API calls for action to lift 70s-era crude export restrictions
The American Petroleum Institute (API) urged lawmakers to quickly chart a bipartisan path forward during Thursday’s House hearing on legislation to lift America’s outdated ban on crude oil exports. More »
Shell U.S. unit name may drop ‘oil’ as alternatives proliferate
The U.S. unit of Royal Dutch Shell Plc may soon drop the word “oil” from its name in a move that would signal its transition to other sources of energy. More »
Oil sands will continue to be a leading supply source, IHS says
Despite lower oil prices and other challenges, growth in Canadian oil sands will continue and remain one of the top sources of global supply growth in coming years, according to a new report by IHS. More »
In California, Big Oil finds water is its most prized commodity
California’s epic drought is pushing Big Oil to solve a problem it’s struggled with for decades: what to do with the billions of gallons of wastewater that gush out of wells every year. More »
Statoil awards production chemicals contract to Baker Hughes
Statoil Petroleum awarded Baker Hughes an eight-year contract to design and supply production chemicals to the offshore Norne field and the deepwater Aasta Hansteen field in the Norwegian Sea. More »
Chevron, OneSubsea embark on JIP to develop 20Ksi subsea systems tech
OneSubsea, a Cameron and Schlumberger company, and Chevron U.S.A. Inc. have entered into an agreement to form a joint industry program (JIP) to develop subsea systems technology for 20,000-psi applications. More »
Ophir awards FEED contract for Fortuna FLNG project
Ophir Energy has awarded Upstream Front End Engineering and Design (FEED) contracts for the Fortuna FLNG Project in Block R, Equatorial Guinea, to two contractor consortia. The first consortia is comprised of McDermott Marine Construction Ltd. and GE Oil and Gas UK Ltd., and the second consists of Subsea 7 and Aker Solutions. More »
MOL Group completes first acquisition in Norway with Ithaca Petroleum buy
MOL Group has completed a deal to acquire 100% ownership of Ithaca Petroleum Norge (IPN) from Ithaca Petroleum Ltd. The deal doubles the size of MOL Group’s exploration portfolio, adding 600 MMbbl of net un-risked best estimate prospective reserves. More »
Sub-Atlantic seals second ROV deal with Italy’s AALEA Offshore
Sub-Atlantic has won a second contract with Italian oil and gas subsea services provider, AALEA. The contract will see Sub-Atlantic deliver one of its Tomahawk observation ROV systems. More »
Pemex pulls out of Mexico licensing auction as oil slides
Mexico’s national oil company withdrew from the country’s first license auction to conserve cash and focus on bringing in partners for its existing operations. More »
Saipem loses $2.2-billion Gazprom deal for Black Sea link
Saipem SpA, Italy’s biggest oil-services contractor, lost a $2.2-billion contract to lay a Russian natural-gas pipeline under the Black Sea after its fleet waited seven months for the work to start. More »
C-Innovation inks two-year deal with BP for IMR vessel
C-Innovation (C-I) has signed a two-year master services agreement with call-off options with BP for inspection, maintenance and repair (IMR) services for the M/V Island Enforcer, a 401 ft subsea installation and construction vessel. More »
Oceaneering appoints Steve Barrett as Senior V.P., Subsea Products
Oceaneering International, Inc. announced the appointment of Steve Barrett as senior V.P., Subsea Products, with worldwide responsibility for Oceaneering's Subsea Products segment. More »
SRP bags $4 million contract to develop Nimway connector
Subsea Riser Products Ltd (SRP) has secured a contract to develop and qualify its Nimway 510 and Nimway 710 completion and workover riser connectors for a leading subsea wellheads and production systems provider. More »
Oil rout seen ending as demand trumps China’s market crash
Oil’s biggest slump in four years will lose momentum because the plunge in Chinese equities and Greece’s economic crisis won’t dent global demand, according to Morgan Stanley, UBS Group AG and Societe Generale SA. More »
GE’s Industrial Software to boost efficiency across BP’s global operations
GE Intelligent Platforms Software announced a new production optimization project to connect all of BP’s oil wells globally to the Industrial Internet. Using GE’s data management software, BP field engineers will gain real-time access to common machine and operational data sets across all wells, arming them with information to make better decisions to improve efficiency, prevent failures and minimize costly downtime. The project will initially be deployed across 650 of BP’s wells, expanding to 4,000 wells across the world over the next several years. More »
C-Nav launches upgraded C-Scape software
C-Nav has introduced a newly upgraded version of its C-Scape software. More »
C-Innovation signs two-year deal with BP for IMR vessel
C-Innovation (C-I) has signed a two-year master services agreement with call-off options with BP for inspection, maintenance and repair (IMR) services for the M/V Island Enforcer, a 401 ft subsea installation and construction vessel. More »
Wednesday, 8 July 2015
Oceaneering appoints of Steve Barrett as senior V.P., Subsea Products
Oceaneering International, Inc. announced the appointment of Steve Barrett as senior V.P., Subsea Products, with worldwide responsibility for Oceaneering's Subsea Products segment. More »
SRP awarded $4 million contract to develop Nimway connector
Subsea Riser Products Ltd (SRP) has secured a contract to develop and qualify its Nimway 510 and Nimway 710 completion and workover riser connectors for a leading subsea wellheads and production systems provider. More »
Global Maritime Group awarded mooring contract for Woodside
Global Maritime Deep Sea Mooring has been awarded a contract for the provision of mooring and rig positioning services to the Australian oil and gas company Woodside. More »
ION announces ruling in appeal on WesternGeco lawsuit
ION Geophysical Corporation announced Wednesday that a panel of justices on the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. reversed in part and affirmed in part the patent infringement judgment against ION in favor of WesternGeco granted by the U.S. District Court for the Southern District of Texas in May 2014. More »
Shell’s $70 billion BG acquisition approved by Brazil regulators
Royal Dutch Shell Plc obtained regulatory approval from Brazil to buy BG Group Plc, clearing another antitrust hurdle to completing the $70 billion acquisition. More »
Iraqi Kurds threaten government oil sales in budget dispute
Iraq’s self-ruling Kurds are threatening to bypass the country’s central government and sell oil produced in the neighboring Kirkuk region in a dispute over revenue from crude sales by OPEC’s second-largest producer. More »
North Star Shipping takes delivery of eighth new ERRV
North Star Shipping has reinforced its fleet of next generation vessels after taking delivery of its new emergency response and rescue vessel (ERRV), the Grampian Devotion, in Aberdeen. More »
Enterprise completes $2.15-billion acquisition of Eagle Ford assets
HOUSTON -- Enterprise Products Partners has closed on its purchase of the member interests in EFS Midstream LLC from affiliates of Pioneer Natural Resources and Reliance Holding USA. More »
Clariant Oil Services wins chemical contract for Johan Sverdrup
Clariant Oil Services has signed a framework contract with Statoil, representing the Johan Sverdrup partnership, to supply production chemicals and services for Johan Sverdrup oil field. More »
Renowned trader sees ‘phenomenal’ demand in U.S., Asia ending oil glut
Oil’s collapse is sending demand in the U.S. and Asia “on a tear” that will push prices up this year and into 2016, according to hedge fund manager Andrew J. Hall. More »
Conflict continues to stifle South Sudan’s oil sector, GlobalData analyst says
Continuing armed fighting, trade disputes and low oil prices are having a considerable negative impact on South Sudan’s oil industry, with existing asset holders reducing investments and potential investors being deterred by instability in the region, says an analyst with research and consulting firm GlobalData. More »
North Star Shipping takes delivery of eight new ERRV
North Star Shipping has reinforced its fleet of next generation vessels after taking delivery of its new emergency response and rescue vessel (ERRV), the Grampian Devotion, in Aberdeen. More »
Legacy Reserves acquires assets in East Texas for $440 million
Legacy Reserves LP has entered into separate agreements with affiliates of Anadarko Petroleum and Western Gas Partners, LP to purchase natural gas properties and gathering and processing assets in East Texas for a combined $440 million. More »
Saudi Aramco, McDermott ink long-term EPCI agreement
McDermott International has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields offshore Saudi Arabia. More »
BG reports first oil from India’s Mukta-B platform
READING, United Kingdom -- BG India achieved first oil production from the Mukta-B (MB), a 4 legged Wellhead Unmanned Platform in the offshore Bombay basin, on July 1. More »
Suncor, TransAlta exchange assets in oil-sands power deal
Suncor Energy has reached an agreement with TransAlta Corporation to exchange Suncor's Kent Breeze and its share of the Wintering Hills wind power facilities for TransAlta's Poplar Creek cogeneration facilities. The Poplar Creek facilities provide steam and power for Suncor's oil sands base site in Fort McMurray Alberta. More »
Precision sees room for rig rebound as producers weather slump
Even with the oil market in a funk again, producers are adjusting and Precision Drilling Corp. sees the potential for more spending by customers in the second half. More »
Hall sees ‘Phenomenal’ demand in U.S., Asia ending oil glut
Oil’s collapse is sending demand in the U.S. and Asia “on a tear” that will push prices up this year and into 2016, according to hedge fund manager Andrew J. Hall. More »
Conflict continues to stifle South Sudan’s oil sector, says GlobalData Analyst
Continuing armed fighting, trade disputes and low oil prices are having a considerable negative impact on South Sudan’s oil industry, with existing asset holders reducing investments and potential investors being deterred by instability in the region, says an analyst with research and consulting firm GlobalData. More »
Clariant Oil Services receives supply contract for the Johan Sverdrup field
Clariant signed a framework contract with Statoil, representing the Johan Sverdrup partnership, on Jun. 3, 2015 to supply production chemicals and services for the Johan Sverdrup oil field. The contract has a length of eight years with a four-year option, totaling 12 years. The contract’s start-date is July 1, 2015 and has a significant value, including the option period. More »
Tuesday, 7 July 2015
Subsea 7 wins Emergency Pipeline Repair contracts offshore Australia
Subsea 7 announced the award of four contracts by Chevron Australia Pty Ltd and INPEX Operations Australia Pty Ltd, for the engineering, procurement and construction of an Emergency Pipeline Repair System (EPRS) to be used offshore Australia. More »
New survey vessel Fugro Americas completes maiden voyage
On June 11, Fugro’s premier geophysical survey vessel, the Fugro Americas, successfully completed data collection for a geochemical coring campaign in the Caribbean. More »
CME Group exec in call for end to U.S. oil export ban
CME Group Executive Chairman and President Terry Duffy will appear before the U.S. House Committee on Agriculture on Wednesday to discuss how lifting the oil export ban impacts the rural economy and futures markets. More »
2H Offshore awarded verification contracts for Stampede field development
2H Offshore, an Acteon company, has been awarded two separate contracts, one by Hess Corp. and a second contract by Enbridge Energy Co., to verify the design, fabrication and installation phases of the steel catenary risers (SCRs) for the Stampede field development in the Gulf of Mexico. More »
Refracing fever sweeps across shale industry after oil collapse
The technique itself is nothing new. Oil crews across the world have been schooled on its simple principles for generations: Identify aging, low-output wells and hit them with a blast of sand and water to bolster the flow of crude. The idea originated somewhere in the plains of the American Midwest, back in the 1950s. More »
LINN Energy secures $1 billion worth of funding for acquisitions
LINN Energy has signed definitive agreements with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and the development of acquired assets. More »
Rosneft gets Brazil’s approval for full control of Solimoes project
Rosneft Brasil—a wholly owned subsidiary of Rosneft—and PetroRio have received approval from Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) for Rosneft Brasil to acquire an additional 55% interest in the Solimoes project. More »
Atwood secures contract extension for Atwood Beacon
Atwood Oceanics announced Monday that one of its subsidiaries had reached an agreement for a six-month extension of its existing contract with Eni S.p.A. for the jackup rig, the Atwood Beacon. More »
DNV GL wins frame agreement with Wintershall Norge
DNV GL has been selected by Wintershall Norge AS to provide a frame agreement for global inspection services for its developments offshore Norway. The overall contract is expected to exceed NOK 10 million (about $1.2 million). More »
China extends Xinjiang oil block bids to non-state companies
China is offering six oil and gas blocks in the resource-rich province of Xinjiang to non-state companies, extending the bids beyond state-owned explorers. More »
Technip shares sink on writedown, job cuts after oil-price slump
Technip SA shares fell the most in almost a year after the company announced plans to cut 6,000 jobs and reduce its fleet of oil-service ships to cope with the slump in crude prices. More »
Impact Selector and Wireline Engineering announce strategic combination
Impact Selector and Wireline Engineering have announced that the companies are joining forces through a strategic transaction. More »
Refracking fever sweeps across shale industry after oil collapse
The technique itself is nothing new. Oil crews across the world have been schooled on its simple principles for generations: Identify aging, low-output wells and hit them with a blast of sand and water to bolster the flow of crude. The idea originated somewhere in the plains of the American Midwest, back in the 1950s. More »
Monday, 6 July 2015
British Columbia sees $7.1 billion from Petronas gas exports
British Columbia is pledging to cap levies on Petroliam Nasional Bhd.’s gas export project as it expects to collect C$9 billion ($7.1 billion) from the venture by 2030. More »
LINN Energy finalizes strategic alliance with Quantum Energy Partners
LINN Energy has signed definitive agreements with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and the development of acquired assets. More »
OneSubsea wins FEED contract for Woodside’s Browse FLNG development
Woodside Energy and OneSubsea, a Cameron and Schlumberger company, announced Monday that OneSubsea has been awarded a front-end engineering and design (FEED) contract for the proposed Woodside-operated Browse FLNG Development offshore northwest Australia. More »
LINN Energy sells remaining Permian basin acreage for $281 million
LINN Energy, LLC and LinnCo, LLC announced Monday that LINN has signed a definitive agreement to sell its remaining position in Howard County in the Permian basin for a contract price of $281 million. More »
Oil falls most in five months as Greece, China boost demand risk
Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia. More »
Technip to cut 6,000 workers amid oil price slump
Technip will accelerate its cost reduction and efficiency efforts worldwide through a restructuring plan in response to the downturn in the oil and gas market. More »
Technip restructuring to reduce workforce, cut costs
Technip will accelerate its cost reduction and efficiency efforts worldwide through a restructuring plan in response to the downturn in the oil and gas market. More »
Unimin makes history by shipping longest frac sand unit train on record
Unimin Energy Solutions has announced the delivery of the energy industry's longest frac sand unit train. More »
LINN Energy secures up to $500 million funding from GSO Partners
LINN Energy, LLC and LinnCo, LLC announced Monday that LINN has signed a formal agreement with private capital investor GSO Capital Partners L.P., the credit platform of The Blackstone Group L.P., to fund oil and natural gas development. More »
Eni, Repsol start production at Perla gas field offshore Venezuela
Eni has started production from the giant gas field Perla, in the Gulf of Venezuela. The first production well has been opened and is currently in the clean-up phase. More »
Brazil is in deep trouble: DW Monday
Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 Bbbl of oil. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets, with a poor record of meeting them. More »
Husky Energy continues to ramp up Sunrise output
Husky Energy is continuing to ramp up production at the Sunrise Energy Project in northeast Alberta, the company announced Monday. More »
Aqualis Offshore wins Mexico rig support contract
MEXICO CITY -- Aqualis Offshore has been contracted by Perforadora Mexico to support with the transportation and installation of a platform rig for a fixed platform offshore Mexico. More »
Husky continues to ramp up Sunrise output
Husky Energy is continuing to ramp up production at the Sunrise Energy Project in northeast Alberta, the company announced Monday. More »
Polarcus expands footprint in Houston
Polarcus has relocated its North and South America regional office in Houston, Texas, to new premises in the Cobalt Center, Memorial City, as the company expands its regional footprint. More »
Aqualis Offshore wins Mexico rig contract
MEXICO CITY -- Aqualis Offshore has been contracted by Perforadora Mexico to support with the transportation and installation of a platform rig for a fixed platform offshore Mexico. More »
Bibby Offshore Singapore successfully delivers subsea projects to Asia Pacific
Bibby Offshore’s Asian division, Bibby Offshore Singapore (BOS), has expanded its foothold in the Southeast Asian oil and gas sector by securing a series of contracts in the first half of 2015. More »
FPSO Cidade de Itaguaà arrives in Lula field
The floating production, storage and offloading unit (FPSO) Cidade de Itaguaà is now anchored in the Iracema Norte area of Lula field, in the pre-salt layer of the Santos basin, off the coast of Rio de Janeiro. More »
Eni starts production at Perla gas field offshore Venezuela
Eni has started production from the giant gas field Perla, in the Gulf of Venezuela. The first production well has been opened and is currently in the clean-up phase. More »
Brent slumps below $60 as Greece, China put demand at risk
Brent slid below $60/bbl for the first time since April amid mounting concern about economic stability in Europe and Asia. More »
Baker Hughes bags integrated drilling services contract for Johan Sverdrup
Statoil has awarded Baker Hughes Norway the onshore contract for integrated drilling services for Johan Sverdrup. More »
Norway baffles analysts by ceding 15 MMbbl from Johan Sverdrup
No one can accuse the Norwegian government of being greedy when it last week decided on the ownership stakes in the giant Johan Sverdrup oil discovery. More »
Quadrant Energy spuds Levitt-1 well offshore Western Australia
Karoon Gas Australia has commenced the high impact Levitt-1 exploration well in WA-482-P Carnarvon basin, offshore Western Australia. More »
Drydocks World delivers world’s largest turret mooring system
Drydocks World has marked a major milestone in successfully completing the world’s largest turret mooring system at Shell's Prelude FLNG off Australia. More »
Sunday, 5 July 2015
Fjords Processing bags process systems delivery contracts for Johan Sverdrup
Fjords Processing has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea. More »
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