Transocean Signs Contract With Chevron For ‘Game-Changing’ Newbuild Drillship
The agreement for one of Transocean’s two ultra-deepwater drillships currently under construction also includes a five-year drilling contract with Chevron worth $830 million.
Forty Under 40: George J. Wommack, Petro Waste Environmental
George J. Wommack, founder and CEO of Petro Waste Environmental—the largest oil and gas waste disposal company in the Permian Basin, is today’s Forty Under 40 honoree.
Top Oil, Gas Stories That Shaped Industry In 2018
From oil prices to bottlenecks and ballot battles to trade uncertainty, these news stories most defined the direction of oil and gas this year.
US Drillers Add Rigs Despite Sharp Decline In Oil Prices
U.S. energy firms added oil rigs for the first time in the past three weeks despite sharp declines in oil prices, according to Baker Hughes.
Saipem Lands More Work For Zohr Field
The work includes the installation of a second 30-in, diameter gas export pipeline, infield clad lines, umbilicals and electrical/fiber optic cable as well as EPCI work for the 10-well, deepwater field development, Saipem said in the release.
Oilfield Services: Is It Back?
The oilfield service sector is making a comeback, energy analysts say. However, investors remain wary of the industry that bottomed out in 2016 when oil prices slumped.
Forty Under 40: John Taplett, OAG Analytics
Today’s Forty Under 40 honoree is John Taplett, an energy investment banker and naval intelligence officer who serves as COO of Houston-based OAG Analytics.
Equinor Taps Schlumberger For Subsea Boosting System
The scope of the engineering, procurement and construction contract includes a pump station, with a manifold foundation and protective structure; and a pump module, topside equipment, umbilical, and all-electric controls with electric actuation, Schlumberger said in a news release Dec. 18.
Weatherford Agrees To Sell Data Logging Business
The deal, which is expected to close in first-half 2019 subject to subject to customary closing conditions, is one in a series of planned divestitures that will help deleverage Weatherford’s capital structure, the company said in a news release.
Sonangol EP, ExxonMobil Ink Memorandum Of Understanding For Namibe Basin
Sonangol EP and ExxonMobil Corp. (NYSE: XOM) on Dec. 14 signed a memorandum of understanding defining the intention of signing the risks with service contracts , for Blocks 30, 44 and 45 of the Namibe Basin.