Claxton Engineering Services, an Acteon subsidiary, was awarded a contract by Statoil to supply conductor and internal centralisers to a minimum of 14 wells on the Gina Krog development offshore Norway. The contract was finalised in December last year, and first delivery is scheduled for this month. Claxton is responsible for the design, fabrication, testing and installation of the units. Conductor centralisers form the interface between the platform jacket and well conductor, assuring vital integrity over the working life of the conductor.
Exxon Mobil Corp. and offshore Guyana partners continue their success with their 13th discovery on the Stabroek Block and fifth discovery in the Turbot area.
The rig count fell for the past four months and production growth in the Permian Basin and other key shale basins have slowed as oil prices fell and many independent shale companies cut spending.
The new policy focuses on incentivizing increased investment and production.