Completions ///

Katalyst acquires SpectrumData’s seismic data management division in Asia-Pacific

Katalyst Data Management has acquired the Perth-based oil and gas data management division of SpectrumData Pty Ltd.

Halliburton profit falls as crude crash slows oilfield work

Halliburton Co.’s profit tumbled in the last quarter after a yearlong crude-market crash forced customers to slam the brakes on oilfield work.

SBM Offshore divests stake in Turritella project

SBM Offshore has entered into an agreement with Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) for the acquisition of a stake in the JV companies incorporated for the purpose of owning and operating FPSO Turritella.

Russian majors well positioned for prolonged downturn, Wood Mac says

Russian major oil and gas companies are uniquely positioned to take advantage of the current macro-economic environment and favorable fundamentals, and to withstand any prolonged period of oil price weakness, according to the latest analysis from Wood Mackenzie.

BHP shale writedown has some banks asking: Where’s the rest?

The size of BHP Billiton Ltd.’s $2.8-billion writedown for its U.S. shale assets took some banks by surprise: at least two thought it was too small.

Shell to sell its equity interest in the Elba LNG JV to Kinder Morgan

Kinder Morgan and Shell have reached an agreement for Kinder Morgan to purchase 100% of Shell's equity interest in Elba Liquefaction Company (ELC), the owner of the Elba Liquefaction Project, which is proposed to be constructed and operated at the existing Elba Island LNG Terminal near Savannah, Georgia.

Schlumberger first service contractor to receive SEMS certification

The Center for Offshore Safety (COS) today announced that Schlumberger is the first service/supply contractor to achieve the voluntary COS member certification of its safety and environmental management systems (SEMS).

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.

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.

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.

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.

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.

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.

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.

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.

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.

BG, Petrobras achieve ambitious ultra-deepwater drilling target

In November 2011, BG’s Brasil’s well engineering team and Petrobras set out an ambitious target at a historic drilling performance workshop—to drill ultra-deepwater, pre-salt wells from spud to final depth in 30 days at a cost of less than $30 million.

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.

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.

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.