Service Contracts

Field Development , Service Contracts , Technology

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

Policy & Regulations , Public Capital , Technology , Midstream , Service Contracts , Unconventional

‘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

Midstream , 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

Earnings , Service Contracts , Technology

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

Midstream , Renewables , Technology , Service Contracts , Unconventional

Energy Executives Expect To Boost Spending This Year

A survey by DNV GL also indicated that more energy companies were preparing for a long-term shift to cleaner energy sources.

January 22, 2019

Service Contracts , Earnings , Unconventional , Technology

Schlumberger Sees International Growth Ahead

The head of the world’s largest oilfield service company believes market conditions will improve this year after a rough start.

January 18, 2019

Earnings , Service Contracts , Technology

Schlumberger Revenue Beats, Sees International Growth In 2019

Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers.

January 18, 2019

Subsea , Service Contracts

Esso Australia Awards EPCIC Contracts To Subsea Integration Alliance

Esso Australia Pty Ltd. awarded the alliance—which comprises OneSubsea, a Schlumberger company, and Subsea 7—integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts, Schlumberger said in a news release.

January 16, 2019

Service Contracts , Unconventional , Drilling , Digital Oilfield

Potential Of AI-powered Directional Drilling

A system looks to optimize value in directional drilling by minimizing deviation from planned wellbore trajectory, minimizing tortuosity and more.

January 16, 2019

Technology , Unconventional , Service Contracts

CGG Expands Anadarko Basin Library With Scoop/Stack Survey

CGG has commenced the acquisition of a new high-density 3-D survey in the Anadarko Basin, the company said on Jan. 15.

January 15, 2019