SPD Ltd., part of the Petrofac Group, has secured a contract from Zennor Petroleum to provide well design and well construction management services, to support the Finlaggan appraisal well, which is in the Central Sector of the North Sea.
Cabot Oil & Gas Corp. has cut its 2016 capital budget to $325 million, a 47% reduction from the company’s $615-million preliminary budget for the year.
Makai has released version 6.0 of MakaiPlan Pro, which is a popular software for planning and simulating subsea power and telecom cable installations.
Aquatic Engineering & Construction Ltd, an Acteon company, is working with DNV GL and other organizations in the subsea supply chain, on a JIP to develop a set of guidelines to be incorporated into new or existing DNV GL offshore standards or recommended practices.
The petroleum industry’s growing need for gas-tight connections is being driven by complex wells requiring high-pressure completions and fracturing jobs, or managed pressure/underbalanced drilling operations.
Estimated total U.S. oil and natural gas well completions fell by 51% in the fourth quarter of 2015 compared to year-ago levels, according to API's 2015 Quarterly Well Completion Report, Fourth Quarter.
Gazprom Neft has finished drilling the first bilateral production well—with horizontal shafts of 1,000 m—on the Yamal Peninsula.
The gas leak occurring at the Kårstø processing plant Thursday night has now been stopped.
U.S. shale explorers will be able to bring new supply to market this year even with most of the rig fleet idled and drilling budgets cut to the bone. Their secret: thousands of mothballed wells.
Kongsberg Oil & Gas Technologies has been awarded a three-year contract by Wintershall Holding GmbH for provision of its hosted SiteCom real-time data aggregation and visualization solution for well construction.
Statoil and Repsol have completed two of the transactions announced in December.
Det norske oljeselskap has completed the acquisition of Premier Oil Norway, which comprises all Premier Oil plc’s Norwegian assets, for a net consideration of $120 million on a cash free, debt basis.
Halliburton and Baker Hughes said Tuesday that they expect their timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) will expire without reaching a settlement or the DOJ initiating litigation at this time to block their pending transaction.
Weatherford International plc has announced the official launch of its Compact oil-base mud microimager (COI), a slim-profile tool that delivers fullbore, high-definition images in wells drilled with oil-, diesel- or synthetic-base muds.
Transforming offshore cementing into a living, real-time risk and process assurance service enables proactive risk management and active risk mitigation. Also, integrated technical and operational data create opportunities for continuous improvement and compliance programs.
Every refracturing operation is unique, and economic success depends on integrating rigorous workflows for candidate selection, stimulation modeling, treatment execution and post-refracture treatment evaluation.
ConocoPhillips unveiled a significantly reduced budget for 2016 on Thursday. The company has set its 2016 capital budget at $7.7 billion, which represents a 55% reduction from 2014 and a 25% reduction as compared with expected 2015 capital spending.
Tesoro Corporation has agreed to acquire Great Northern Midstream LLC, a crude oil logistics provider which owns and operates high-quality, recently constructed crude oil pipeline, gathering system, transportation, storage and rail loading facilities in the Williston basin of North Dakota.
SAL Heavy Lift’s team of MV Svenja has successfully installed an offshore development platform over a subsea gas well conductor in the “Kitchen Lights Unit # 3” area in Alaska's Cook Inlet.
Suncor Energy has extended its offer to Canadian Oil Sands Limited shareholders.