Altus Intervention News

 

UK Says Baker Hughes-Altus Deal May Hurt Competition in Oil Well Services

Nov 22, 2022

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…

Petrobras Extends Helix Well Intervention Vessel

Sep 19, 2022

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…

Well-Safe Solutions' P&A Rig Gets Trendsetter Engineering's Trident Intervention System

Aug 17, 2022

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 in Multi-year Well Intervention Deal with Shell in U.S. Gulf of Mexico

Apr 01, 2022

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…

Baker Hughes to Buy Well Intervention Firm Altus Intervention

Mar 22, 2022

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…

Helix Vessel Deal Lifts Siem Offshore's Backlog to $440M

Mar 09, 2022

Norwegian offshore vessel owner Siem Offshore said Wednesday it had entered into agreements with the U.S. offshore well intervention firm Helix Energy Solutions for its Siem Helix 1 and Siem Helix 2 vessels.The new deal for the offshore well…

UK North Sea: Exploration Well Count on Decline. Success Rate Up

Dec 02, 2021

The UK oil and gas industry regulator Oil and Gas Authority has launched its second Wells Insight report, which shows that the number of exploration and appraisal wellbores spudded has been on a decline, however, success rates have improved…

Offshore Plug and Abandonment Alliance Launched in Norway

Oct 26, 2021

Offshore drilling contractor Odfjell Drilling has said that its business divisions Odfjell Energy and Odfjell Well Services have launched a plug and abandonment (“P&A”) and slot recovery alliance with leading companies within the energy industry…

Helix Nets Multi-year Well Intervention Deal in U.S. Gulf of Mexico

Sep 14, 2021

Offshore oil and gas well services company Helix Energy Solutions said Monday it had won a multi-year riser-based well intervention scope of work with an unnamed major operator for the charter of the Helix Q5000 and 15K Intervention Riser System in the US Gulf of Mexico…

Expro Completes P&A Work for Petronas in Mauritania

Aug 31, 2021

Oilfield services firm Expro has completed an integrated Plug and Abandonment (P&A) contract for Petronas in Mauritania.The well intervention scope of the P&A project used Expro’s integrated Open Water Intervention Riser System (OWIRS) for intervention…

C-Innovation Snags Multi-Year RLWI Contract

Aug 09, 2021

C-Innovation, LLC (C-I) won a multiyear contract for Riserless Light Well Intervention (RLWI) services with a major operator in the Gulf of Mexico.The contract is for the provision of RLWI services onboard the M/V Island Venture, C-I’s flagship intervention vessel commissioned in 2017…

Expro, FTAI Ocean Partner Up in Light Well Intervention

Mar 17, 2021

Oilfield services company Expro has entered an exclusive alliance with vessel provider FTAI Ocean for the supply of the DP3 M/V Pride well intervention vessel to provide full light well intervention (“LWI”) services to the subsea oil and gas sector…

Altus, Archer Bag Wireline Services Deals with Equinor

Jan 19, 2021

Norwegian energy giant Equinor has awarded Altus Intervention and Archer Integrated Services framework contracts for supplying integrated wireline services within well intervention to Equinor’s fixed platforms. Altus Intervention will provide services at the Gina Krog…

Apache Corp to Create Holding Company Structure

Jan 07, 2021

Apache Corp said it plans to create a new holding company called APA Corp, that would replace the oil and gas producer as the public company trading on the Nasdaq stock exchange.Apache will become a unit of APA and continue to hold assets in the United States…

Equinor Gets Consent for Continued Use of Island Wellserver Vessel

Jan 04, 2021

Norwegian oil company Equinor has received regulatory consent to keep using the Island Wellserver well intervention vessel in 2021.The consent, granted by the Petroleum Safety Authority Norway, is an extension of an existing consent.The consent…

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