Oilfield Services News

 

Ithaca Energy Awards Captain EOR EPCI Deal to TechnipFMC

May 18, 2021

Oilfield services firm TechnipFMC has won a 'significant' engineering, procurement, construction, and installation contract from Ithaca Energy for the recently sanctioned Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.TechnipFMC will design, manufacture, deliver and install subsea equipment, including a rigid riser caisson…

Biden Allows Chevron, U.S. Oilfield Services Firms to Remain in Venezuela till Dec. 1

Jun 02, 2021

Chevron Corp, the last major U.S. oil company still operating in Venezuela, received a new U.S. government license allowing it to remain in Venezuela until Dec. 1, the Treasury Department said on Tuesday.The United States beginning in 2019 imposed…

Archer to Complete DeepWell Buy in 'Next Few Days'

May 31, 2021

Oilfield services company Archer is set to complete the previously announced acquisition of rival DeepWell.'The completion of the acquisition [of DeepWell ] was conditional on obtaining necessary regulatory approval. Such approval was granted today by the Norwegian Competition Authority…

Tucker Energy Services to Offer Tendeka's Tech in the Caribbean

May 25, 2021

Tucker Energy Services has signed a deal with Tendeka to promote the sales, installation, and services of Tendeka’s completion technologies across Trinidad, Suriname, and Guyana.'Tendeka’s technology and business development experts in Houston…

Halliburton Shareholders Vote Against Executive Compensation Plan

May 21, 2021

Halliburton Co's shareholders voted against the oilfield services provider's proposed executive compensation plan in an advisory motion, the company said on Thursday.Halliburton Chief Executive Officer Jeff Miller said the company was 'disappointed…

Baker Hughes CEO 'Cautiously Optimistic' About Oil Demand Recovery

Apr 21, 2021

Oilfield equipment and services provider Baker Hughes Co top boss on Wednesday reiterated he is 'cautiously optimistic' about oil demand recovering this year from the coronavirus blow, echoing a view he shared on the company's last earnings call…

Halliburton Expects International Activity Growth to Accelerate

Apr 21, 2021

Halliburton Co on Wednesday reported a 6% rise in first-quarter adjusted profit from the previous three months, as a rebound in oil prices from pandemic lows fueled drilling activity and demand for oilfield services.Higher oil prices during the quarter boosted drilling…

Oilfield Services Firm Hunting Says 1Q Earnings in Line with Expectations

Apr 21, 2021

Oilfield services group Hunting Plc said on Wednesday its first-quarter earnings were in line with expectations despite a hit to the company's Texas facilities in February when the U.S. state faced severe cold weather.The company said it recorded…

Wood Secures 5-Year North Sea Services Deal with TAQA

Apr 06, 2021

Wood, an energy industry consulting and engineering company, has secured a new contract with oil company TAQA to provide integrated facility services across the TAQA's North Sea assets.With the award of a five-year Integrated Facilities Services agreement…

Sapura Energy Refinances $2.5B in Debt

Mar 30, 2021

Malaysia's largest oil and gas services provider Sapura Energy on Tuesday said it has refinanced 10.3 billion ringgit ($2.48 billion) of its debt for a period of seven years.The company said the refinancing includes an $820 million term loan facility to be offered by banks in U…

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…

ADNOC Suspends Petrofac from Competing for New Contracts over Bribery Case

Mar 15, 2021

Abu Dhabi-based oil and gas giant ADNOC has suspended oilfield services firm Petrofac from competing for new ADNOC contracts 'until further notice,' over a bribery case related to contracts awarded in 2013 and 2014.'Petrofac Ltd announces it…

Oilfield Services Firms Expro and Frank's Set to Merge

Mar 11, 2021

UK-based oilfield well services company Expro and drilling and completions solutions provider and Dutch-based Frank’s International on Thursday announced a definitive agreement under which the companies will combine in an all-stock transaction…

CGG CEO Joins TechnipFMC Board

Mar 02, 2021

Sophie Zurquiyah/Credit: CGGOilfield services company TechnipFMC has appointed Sophie Zurquiyah, who currently serves as Chief Executive Officer of the French seismic data firm CGG, to its Board of Directors and Audit Committee, effective April 1…

Saipem CEO: "2021 is certainly not a back to normal year"

Feb 25, 2021

Italian energy services group Saipem said it was unable to provide guidance for the year due to the ongoing health pandemic after it missed earnings expectations, sending its shares down around 9%.'2021 is certainly not a back to normal year…

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