Service Contracts

Technology , Service Contracts , Unconventional

Permian Basin Operators Look to Standardize Techniques, Measures

A Permian standard is emerging after experimentation during a decade of drilling the basin’s multiple unconventional shales has found diminishing returns, says CEO of reserve evaluation firm Haas Engineering.

January 15, 2019

People , Technology , Company Profiles , Service Contracts , Unconventional

Halliburton Taps Mark Richard To Replace Jim Brown As Western Hemisphere President

Mark Richard has been promoted as Halliburton’s new president of the Western Hemisphere, replacing Jim Brown who is leaving after more than 20 years with the oilfield services company.

January 14, 2019

Tankers , Service Contracts , Liquefied Natural Gas

Trade War Cuts US LNG Exports To China In 2018

The number of U.S. LNG vessels that went to China in 2018 fell by around 20% from the prior year as the trade war between Beijing and Washington heated up.

January 10, 2019

Exploration & Production , Service Contracts

Aker BP Awards Optime Subsea Well Access Contract

Optime Subsea said its Subsea Controls and Intervention Light System will be used as part of the contract.

January 10, 2019

People , Service Contracts , Technology

TechnipFMC Names Doug Pferdehirt As New Executive Chairman

Oil services group TechnipFMC said on Jan. 10 Doug Pferdehirt would replace Thierry Pilenko as its executive chairman, following Pilenko’s imminent retirement.

January 10, 2019

Private Equity , Unconventional , Technology , Company Profiles , Service Contracts

Post Oak Backs Houston-Based Downhole Tools Provider With $50 Million Commitment

Post Oak Energy Capital led a $50 million equity commitment to Prime Downhole Holdings, a Houston-based downhole tools provider formed by CEO Leif Syversenn.

January 9, 2019

Deepwater , Service Contracts

TechnipFMC Wins Work For BP’s Atlantis Project In GoM

TechnipFMC (NYSE: FTI) has been awarded a significant integrated engineering, procurement, construction and installation (EPCI) contract by BP (NYSE: BP) for the Atlantis Phase 3 project, the company said Jan. 9.

January 9, 2019

Deepwater , Service Contracts , Technology

Danos Secures GoM Contracts With Equinor

Danos said Jan. 7 it has secured a contract with Equinor (NYSE: EQNR) for production operation support on its Titan SPAR platform, located in the deepwater Gulf of Mexico.

January 9, 2019

Public Capital , Exploration & Production , Technology , Acquisitions & Divestitures , Company Profiles , Service Contracts

US Energy Investors Eye Cheap Takeovers As Oil Prices Sink

Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.

January 9, 2019

Joint Ventures , Service Contracts , Field Development , Technology

TechnipFMC, MMHE Ink Offshore Agreement With Saudi Aramco

TechnipFMC (NYSE: FTI), in consortium with MMHE (Malaysia Marine and Heavy Engineering Sdn Bhd), on Jan. 7 signed a long-term offshore agreement with Saudi Aramco.

January 8, 2019