Strong Year Ahead For The Gulf Of Mexico
A supermajor inks a contract for the fi rst drillship rated for 20,000-psi operations.
February 6, 2019
Service Contracts
Deep Sea Mooring Inks Mulityear Agreement With Diamond Offshore
Vryhof and its mooring business, Deep Sea Mooring (DSM), have signed a multiyear agreement with Diamond Offshore, the company said on Jan. 29.
January 29, 2019
BP Extends Odfjell Platform Drilling Contract In North Sea
Odfjell Drilling said on Jan. 29 that BP (NYSE: BP) will continue to use the company’s platform drilling services on the U.K. continental shelf.
January 29, 2019
BHGE Aims To Lower CO2 Equivalent Emissions To Net Zero By 2050
Baker Hughes, a GE company (NYSE: BHGE), has committed to reducing its CO2 equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050, the company said Jan. 28 in a news release.
January 28, 2019
Energy Bankruptcies Slow, But Debt Remains High
While energy bankruptcy filings slowed in 2018, the total amount of debt in oil and gas remains staggering, a recent Haynes and Boone report says.
January 25, 2019
Tough Times For Sand Miners
Disruption comes to the proppant market as low commodity prices cap demand and mining capacity expands rapidly.
January 25, 2019
BP Awards Offshore Trinidad Contract To McDermott
McDermott International Inc. (NYSE: MDR) on Jan. 24 said it has been awarded a significant contract award by BP Trinidad & Tobago LLC (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 35 miles (57 km) southeast off the coast of Trinidad.
January 25, 2019
‘Under Siege’: Oil Industry Mulls Raising Returns, PR Game
At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.
January 25, 2019
Transport, Water Management, Joint Ventures, Field Development, Service Contracts, Unconventional, Acquisitions & Divestitures
University Lands Selects H20 Midstream, Layne JV For Delaware Basin Water Services
The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.
January 24, 2019
Halliburton Profit Beats On International Demand, North America Lags
Houston-based Halliburton said revenue from North America fell about 2% to $3.3 billion from a year earlier and dropped 11% from the third quarter.
January 22, 2019