Oilfield services giant Baker Hughes has agreed to acquire Norway-based well intervention specialist Altus Intervention.The company said the acquisition of the well intervention services and down-hole oil & gas technology company, complemented Baker Hughes’ existing portfolio of oilfield technologies and integrated solutions. Baker Hughes said the acquisition would boost the company's life-of-well capabilities as operators look to improve efficiencies from mature fields…
U.S.-based oil and gas services firm Helix Energy Solutions has been awarded a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Esso) at Erha and Usan fields, offshore Nigeria.The project is expected to…
Norwegian diving contractor SubseaPartner has secured a long-term frame agreement with energy giant Equinor for diving intervention services.The frame agreement centers on contingency preparedness for Equinor as the main user along with 23 other…
Oslo-listed offshore vessel owner Siem Offshore has secured long-term contracts with Helix Energy Solutions for two of its Siem Helix well intervention vessels.The contracts, valued at a total of $682 million, follow the letter of intent the companies announced in November 2023…
Oil and gas well integrity and production optimization company Coretrax has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies.After completing the acquisition and expanding its offering…
The Borgarting Court of Appeal in Norway has sided with Welltec and ruled that Altus Intervention has infringed and misused a patent covering well intervention technologies that belongs to Welltec. The patent was registered in 2015 and outlines…
Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ('Petrobras') in Brazil.'Weatherford has performed Intervention Services in Brazil for more than 20…
Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said.Rystad…
Aberdeen-based subsea intervention technology company Interventek will supply 20,000 psi open-water well intervention shear and seal valves to Houston-based Trendsetter Engineering, Inc based in Houston.The agreement allows Trendsetter exclusive global rights to deploy the 20K…
Oilfield services giant Baker Hughes said this week it had completed the acquisition of Norway-based well intervention specialist Altus Intervention.'Today, we are pleased to announce the completion of the Altus Intervention acquisition. This…
Archer Limited has signed a term sheet with Baker Hughes to potentially acquire Baker Hughes’ coil tubing and pumping (“CT&P”) business in the United Kingdom. 'The CT&P business fits well within Archer’s overall strategy to grow our drilling…
Britain's competition watchdog said on Tuesday that U.S.-listed oilfield services firm Baker Hughes Co's acquisition of Altus Intervention could reduce competition among UK oil and gas operators.The Competition and Markets Authority (CMA) said…
Helix Energy Solutions Group, Inc. announced on Monday that it entered into a two-year extension of its well intervention charter and services contracts with Petróleo Brasileiro S.A. (Petrobras) for the Siem Helix 2 well intervention vessel offshore Brazil…
UK-based offshore well decommissioning firm Well-Safe Solutions has teamed up with Houston-based services company Trendsetter Engineering to equip its Well-Safe Guardian semi-submersible rig with the Trident Intervention System.'Featuring a compact yet powerful design…
Helix Energy Solutions Group, a U.S. offshore oil, and gas well services company, has signed a multi-year deal with Shell to provide Well Intervention services in the Gulf of Mexico.Under the contract Helix will provide either the Q4000 or Q5000 riser-based semi-submersible well intervention vessel…
Subscribe
