HEADLINES: Hurricane Michael’s Effect On Oil, Gas Production
Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.
Offshore Drillers Ensco, Rowan To Combine In $2.4 Billion Merger
The merger of offshore drillers Ensco and Rowan will result in the world’s largest jackup contractor with a combined enterprise value of $12 billion.
Precision Drilling Trumps Ensign Bid For Peer Trinidad
The merger with Trinidad Drilling will position Precision as the third-largest driller in the U.S. with a rig fleet that includes over 200 active rigs and 322 total rigs, the companies said.
A Glimpse Into Oxy’s Artificial Lift Strategy
The Aventine facility and EOR asset acquisitions have begun to see returns.
Total Awards Subsea Contract For Tyra Field To Boskalis
Royal Boskalis Westminster NV said Oct. 4 it has been awarded the Tyra Redevelopment Subsea Installation Phase II contract by Total E&P Denmark (NYSE: TOT).
Baker Hughes To Bid For Petrobras Production-sharing Contract
The oil services companies are expected to compete in the tender by promising to boost production from the Potiguar Basin’s waning Canto do Amaro Field in northern Brazil, where production began in 1986, and offering a bigger share of output to Petrobras, sources said in June.
Hooking Up The Oil Patch’s Water Value Chain
This niche business is growing rapidly as water companies respond to producers’ insatiable water needs. Here’s a look at four of them.
Subsea 7 Wins Integrated Contract Offshore GoM
Subsea 7 has been awarded a contract by Fieldwood Energy to Subsea Integration Alliance on Oct. 2, a global partnership between Subsea 7 and OneSubsea, a Schlumberger company.
CNOOC Signs Production Sharing Contract With Empyrean
Block 29/11 is located in Pearl River Mouth Basin of the South China Sea. The block covers a total area of 1,808 sq km (698 sq miles) with a water depth of 300 m to 600 m (984 ft to 1,968 ft).
US Oil Drillers Add Fewest Rigs In Quarter Since 2017
More than half the total U.S. oil rigs are in the Permian, the country's biggest shale oil formation. Active units there declined by two this week to 486, the Baker Hughes report said.