Well Intervention News

Helix Secures Deepwater Well Intervention Contract in West Africa

Feb 27, 2024

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…

Siem Offshore Inks $682M Long-Term Deals for Two Well Intervention Vessels

Feb 06, 2024

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…

Coretrax Boosts Well Intervention Portfolio and Secures New Deals

Jan 16, 2024

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…

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Sep 29, 2023

Oilfield services giant Baker Hughes said Friday it had secured two 'major' contracts from the Norwegian oil and gas company Vår Energi.The first contract, a nine-year engagement, is for well intervention. In addition to the interventions scope…

WSG Sells Well Intervention Division, Rebrands

Jul 28, 2023

WSG said Friday it had sold its Well Intervention division and would use the proceeds raised to lay the foundations for a period of international expansion for the rebranded WSG Energy Services (WSGES).The company has divested its traditional…

Weatherford Bags 5-year Intervention Services Deal with Brazil's Petrobras

Jul 13, 2023

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 Firms Set to Spend $58 Billion on Well Intervention in 2023

Jul 10, 2023

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…

Equinor Awards TechnipFMC a Significant Contract for Riserless Light Well Intervention Services

May 19, 2023

Oilfield services giant TechnipFMC will provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf for Equinor under a newly awarded contract.TechnipFMC said Friday the two-year contract with Equinor was a significant one…

Interventek to Supply 20,000 psi Open-Water Well Intervention Valves to Trendsetter Engineering

May 10, 2023

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…

Baker Hughes Completes Acquisition of Well Intervention Specialist Altus Intervention

Apr 07, 2023

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…

UK Competition Watchdog Okays Baker Hughes-Altus Deal

Mar 01, 2023

UK's competition regulator said on Wednesday it has cleared oilfield services firm Baker Hughes Co's acquisition of Altus Intervention after the companies took steps to allay concerns raised by the watchdog.The Competition and Markets Authority…

Expro Wins $50M North Sea Well Intervention and Integrity Deal with Apache

Dec 01, 2022

Oilfield services firm Expro has secured a $50 million contract with oil and gas company Apache Corporation for work on its Beryl and Forties assets in the UK North Sea.The fully integrated well intervention and integrity services contract involves…

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…

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