Baker Hughes Inc. completed the acquisition of Weatherford’s pipeline and specialty services business for US$250 million. The total consideration includes $241 million in cash and $9 million in retained working capital. The purchase…
Heat transfer, centrifugal separation and fluid handling firm Alfa Laval has won an order to supply Framo pumping systems to Samsung Heavy Industries in South Korea for use on Total's Egina FPSO. The order, worth about SEK 240 million…
SNC-Lavalin Group Inc. announced it completed its acquisition of Jersey-based oil and gas services company Kentz Corp. Ltd. The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company…
BW Offshore has agreed a US$800 million, 10-year credit facility for the Catcher floating production, storage and offloading project. The facility is a combined construction and long term financing facility. The credit facility was substantially…
Using the tensioner test rig simulator can show how to improve tensioner pad design, says MacKinnon Marine’s Alex MacKinnon. The technical demands on pipeline installers continue to grow, due to the need to service the deeper field depths being exploited…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Production began from two “high-rate” wells at Murphy Oil’s Dalmatian development in the US Gulf of Mexico. The US-based company announced that the project came online during its 2Q 2014 earnings report. Murphy Oil said the results were “better than planned…
An ILT being placed inside a pile. IHC Handling Systems has a tool which may prove useful removing no longer required platform jackets. Elaine Maslin reports. Operators are finally…
Optimum completion. Photo from Weatherford. Weatherford’s Yvonne McAnally and Ben Lake show how collaboration and integrated methodology delivered an operator’s first subsea well project in Norway…
BPZ Energy spud the CX15-7D development well in the Corvina field in Block Z-1, offshore Peru, on 29 July 2014, the company announced today. BPZ Energy plans to drill to 8500ft depth and expects operations to complete in October. BPZ…
Business is good in the oilfield, and as increased production and steady commodity prices contribute an influx of cash, operators are reinvesting in themselves, expanding their share buyback programs. Management usually says that…
The HelWin2 converter platform being transported. More than 3.8GW of offshore wind transmission capacity is being installed by TenneT offshore northern Europe. Meg Chesshyre found out more…
The US Bureau of Ocean Energy Management (BOEM) will extend its public comment period for its new five-year Outer Continental Shelf (OCS) oil and gas leasing plan for 2017-2022, the agency announced on 30 July 2014. BOEM says the decision…
Cooper Energy Ltd. announced that the Elliston-2 oil development located in PPL 249 on the western flank of Cooper basin in South Australia, spudded and of 22 July, the rig was drilling a 12 ¼ in. hole at 162m. Elliston-2, a vertical well located 250m south-southwest of Elliston-1…
Houston-based EFC Group appointed Anand Puthran as its managing director, a newly created role for the company. Puthran joins EFC Group with more than 15 years of experience working in the oil and gas industry in managerial positions…
Subscribe
