KCA Deutag confirmed on April 24 that its offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Ltd. for the Scott platform, which it operates in the U.K. North Sea.
A new liquid sealing material helps to restore the wellbore area to its original condition and improve the success rate of refracturing.
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.
Turan Drilling, a JV between KCA Deutag and SOCAR AQS, secured the contract for operations and maintenance of seven platform drilling rigs operated by BP in the Caspian Sea, SOCAR AQS head said
Italian oil services group Saipem is looking for partners for its drilling business, while it has ruled out a trade sale, the company's CEO said on April 18.
The year is shaping up to be a solid one of transition for the offshore sector.
Halliburton Co. announced the execution of an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins on April 17.
New mobile simulator replicates range of operational platforms and elements for improved training.
Investor pressure is increasing for oilfield service companies to provide returns over growth. Opportunities may improve as the second half of 2019 unfolds.
Premier said in a press release on April 16 that Talos Energy, the operator of Block 7 offshore Mexico, successfully conducted a drill stem test of the Zama-2 side track well (Zama-2ST1).
