PESA Names Tim Tarpley Vice President, Government Affairs
Tim Tarpley has been named vice president of government affairs at the Petroleum Equipment & Services Association (PESA). He will be based in Houston and report to Leslie Beyer, president, PESA.
Maersk Drilling Secures Two North Sea Contract Extensions
The extensions allow the two rigs to continue their high-performance operations in the North Sea.
Natural Gas Fuels Well Stimulation Fleets, Lowers Costs
Companies are using fuels other than diesel to power well stimulation fleets, reduce site footprints and save money.
Weatherford To Sell Land Drilling Rigs For $288 Million
Weatherford is shedding underperforming assets in a bid to halt losses and trim its debt burden and its latest deal could boost investor confidence in the company's CEO.
Sixty Six Acquires Oklahoma-Based Five Star Rigs And Supply
The merged company will remain in Oklahoma City and will have a 2017 combined revenue of $12.6 million with gross profits of $6.2 million.
Energy Industry Software Provider Quorum Reportedly Explores Sale
Quorum, which was acquired by tech buyout firm Silver Lake in 2014, is working with investment bank Credit Suisse Group AG on the sale process, the Wall Street Journal reported.
Nexans Wins Troll Umbilical Contract From Equinor
Nexans is scheduled to deliver the Troll Phase 3 umbilicals in the first-quarter of 2020.
Higher Horsepower Rig Making Waves In The Delaware Basin
An ultrahigh-specification rig with three high-horsepower mud pumps is making long lateral wells a reality in the Permian.
TechnipFMC Lands Subsea Contract For Total’s Zinia 2 Field
TechnipFMC (NYSE: FTI) said July 2 it has been awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 m (2,624 ft) and 1,000 m (3,280 ft).
FPSO Sector Gains Strength
Newbuild orders, contracts and redeployments reflect improved market conditions.