Amega West, a Carpenter Technology Corporation (CRS) company, has been awarded a three-year contract with Petrobras America, a subsidiary of Petrobras, an integrated energy company that operates in 29 countries, on five continents. Amega West will supply Petrobras with non-magnetic collars, stabilizers, and other tools for deepwater drilling projects on two rigs in the Gulf of Mexico.
Amega’s equipment will be used by a major directional drilling service company, along with their high-end rotary steerable tools.
Deepwater rig activity in the Gulf of Mexico continues to increase since the drilling moratorium was lifted, and is close to the level of two years ago. Amega West anticipates that it will secure other contracts within the Gulf of Mexico as a result of the increased activity.
“This is an excellent opportunity for us to expand our operations in the Gulf,” says Reddy Godula, President of Amega West. “As the number of rigs in the Gulf increases, we are able to further strengthen our position in the region.”
Recommended Reading
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Genesis Energy Declares Quarterly Dividend
2024-04-11 - Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
TC Energy Appoints Sean O’Donnell as Executive VP, CFO
2024-04-03 - Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.
Hess Midstream Increases Class A Distribution
2024-04-24 - Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions