Statoil awarded Weatherford International a US$400 million contract for the delivery of tubular running services on 19 drilling units in Statoil’s portfolio. The six-year contract has an option for two consecutive two-year extensions…
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…
Secondary mechanical pressure barriers could help ease regulatory bodies’ concerns around effective zonal isolation in wells. The Cytadel ZX packer can be activated by dropping a magnetic signal carrier from the surface…
UK plate and specialty metals supplier Murray Metals (MM) has bought Alphastrut, giving it a foothold in the offshore oil an dgas industry. Alphastrut offers an aluminium support and cable containment system which MM says is more than…
The drilling fluids market is driven by increasing worldwide drilling activities, focused on deepwater. Onshore, operators are increasing their use of horizontal drilling in developing shale gas, CBM, and other unconventional resources…
Weatherford International Ltd. and Baker Hughes Incorporated have signed an agreement for the sale of Weatherford’s pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of US$250 million, including…
BP and Fletcher Technical Community College celebrated the grand opening of the college’s BP Integrated Production Technologies (IPT) building today. The new home of Fletcher’s IPT program, which the Louisiana board of regents recently designated a Deepwater Center for Workforce Excellence…
Dutch spoolable thermoplastic composite pipe systems firm Airborne Oil & Gas and Dallas-based Celanese Corporation, a global technology and specialty materials company, have signed a strategic supply agreement for the development and supply of composite materials for deepwater pipe systems…
Middle East-based offshore support vessel company Topaz Energy and Marine has acquired two large and modern anchor handling towage and supply vessels (AHTSV) for about US$100 million. The vessels, the Caspian Challenger and the Caspian Endeavour…
Petrobras awarded a US$24 million contract to Prysmian Group for downhole technology (DHT) systems. The DHT systems for offshore oil and gas extraction application will be delivered in July 2014, and will be manufactured in the Prymian Group’s facilities in Bridgewater…
New technology Improving baseline survey accuracy was required to respond to challenges associated with Israel’s Tamar project. The cost of deepwater pipeline repair makes inspection accuracy critical to assessing pipeline integrity.…
During Weatherford's earnings conference call on Nov. 4, Chief Administrative Officer Dharmesh Mehta discussed the company's upcoming divestment plans. 'During Q3, we made good progress on our old oil divestiture program. The following…
Corrosion has long been the bane of the oil industry. Now new approaches and coatings are resolving the difficulties and providing intriguing possibilities for offshore pipelines, explains Tony Collins of EonCoat. In the oil and gas industry…
ViChem Specialty Products, LLC, developer of the Multi-Hydroxyl Alcohol (MHA) Drilling Fluid System, announced that it is has increased its production and storage capacity 10 times for MHA base fluid, shale inhibitor, lubricant, and soil stabilizer…
Halliburton announced the official opening of its Multi-Chem business line’s Acadiana Blend Plant in Maurice, Louisiana. The new facility will help meet growing business demands in the Gulf of Mexico market and provide expanded local service capabilities…
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