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 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 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 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 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 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.
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 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.
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 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
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.
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 (WCS) is announcing an alliance with Drilbert Engineering to provide advanced technical drilling operational training for the oil and gas industry.
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 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.
Trinidad Offshore Fabricators Unlimited (TOFCO) recently completed work for the Juniper offshore gas platform topsides at its facility in La Brea, Trinidad.
Archer Oiltools has launched the SPARTAN plug family, to help operators deliver safer wells, boost operational efficiency and reduce costs.
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 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.