Completions ///

PSAC announces government funding for beleaguered oil and gas services

The Petroleum Services Association of Canada (PSAC) was pleased to hear the federal government will provide a one-time payment of $30 million to the Government of Alberta to “support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.”

Anadarko announces multi-billion-dollar capital program

Anadarko Petroleum Corporation recently announced its 2017 initial capital program of $4.5 to $4.7 billion along with its 2017 initial capital expectations and guidance.

Chaparral Energy emerges from Chapter 11; eliminates $1.2 billion in debt, $100 million in annual interest expense

Chaparral Energy announced today that it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy protection. The company, whose financial reorganization plan was confirmed by the U.S. Bankruptcy Court of Delaware on March 10, converted $1.2 billion of pre-petition debt to equity and eliminated approximately $100 million of annual interest expense.

TechnipFMC awarded an onshore contract in Ghana

TechnipFMC has been awarded a contract by ENI Ghana E&P Limited (a subsidiary of ENI, GNPC and Vitol), for the onshore part of the OCTP(2) development of Sankofa field, offshore Ghan

Source Energy said to lower range on IPO amid oil slump

Source Energy Services Inc., Canada’s largest distributor of fracing sand, has cut the size of its initial public offering to about C$250 million ($187 million) from C$300 million amid a decline in oil prices, according to a document obtained by Bloomberg News.

Weatherford Brazil facility achieves API Q2 certification

Weatherford International announced today that its facility in Macaé, Brazil, received API Specification Q2 certification. To gain certification, a facility must demonstrate a robust quality management system that assures personnel competency, risk assessment, contingency planning and other key elements.

Canada's STEP Energy said to postpone IPO as oil prices fall

Fracking service provider STEP Energy Services Ltd. postponed its planned initial public offering, according to people familiar with the matter, after oil prices fell making market conditions less favorable.

DynaEnergetics expands DynaStage factory-assembled, well perforating systems

DynaEnergetics has introduced two new product dimensions to its line of DynaStage factory-assembled well perforating systems, which are now available in 3 3/8-in. and 2 3/4-in. diameters, in addition to the original 3 1/8-in. model.

President Energy announces successful workover operations in Argentina

Further to the Company’s announcement on Feb. 20, 2017, President Energy has announced that the first workover of a previously producing well, DP12 at Dos Puntitas field in Argentina, has been completed on time and on budget.

Nalcor Energy issues EOI for future use of Bull Arm Fabrication

Nalcor Energy has issued a request for Expressions of Interest (EOI) across local, national and international markets to invite and assess interest for the potential use of the Bull Arm Fabrication facility, following the completion of Exxon Mobil Canada Properties lease in March 2018.

Lukoil launches new well completion technologies for multi-stage hydrofracturing in Yugra

Lukoil launches new well completion technologies for multi-stage hydrofracturing in Yugra

Leaner, fitter, faster: U.S. shale challenges OPEC again

When the who’s who of the oil industry met a year ago in Houston, Saudi Arabia’s energy minister had harsh words for U.S. shale drillers struggling with the worst price crash in a generation.

Total and Petrobras sign definitive contracts, seal strategic alliance

Petrobras and Total inform that they have signed yesterday definitive contracts in relation to the package of assets contemplated in a strategic alliance, outlined December 2016.

Well Control School forms alliance with Drilbert Engineering

Well Control School (WCS) is announcing an alliance with Drilbert Engineering to provide advanced technical drilling operational training for the oil and gas industry.

VAM USA expands its field service operations in Permian

VAM USA announces the opening of a new VAM field service office located at 2456 IH-20 in Odessa, TX bringing the number of service locations in Texas to three.

Lundin discovers oil in the Filicudi prospect, southern Barents Sea

Lundin Petroleum announced that it has made an oil and gas discovery in the main well 7219/12-1 and is presently drilling a sidetrack 7219/12-1A on the Filicudi prospect.

TOFCO completes fabrication of Juniper in Trinidad and Tobago

Trinidad Offshore Fabricators Unlimited (TOFCO) recently completed work for the Juniper offshore gas platform topsides at its facility in La Brea, Trinidad.

Archer launches suite of plug solutions to ensure well integrity

Archer Oiltools has launched the SPARTAN plug family, to help operators deliver safer wells, boost operational efficiency and reduce costs.

First offshore installation work complete at Statoil's Johan Sverdrup field

Ocean Installer has recently completed the very first permanent subsea installation at the Johan Sverdrup field, marking the kick-off of the Johan Sverdrup offshore work.

Statoil releases details of gas discovery at Valemon facility, North Sea

Statoil Petroleum, operator of production license 193 D, has completed drilling operations on wildcat well 34/11-6 S, in 133 m of water 160 km northwest of Bergen, North Sea.