Oilfield Services News


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Bahrain Oil Field Wins USA Financing Despite Biden Climate Vow
The U.S. Export-Import Bank voted to provide a $500 million loan guarantee for an oil and gas development in Bahrain.
8:00 PM EST | March 15, 2024
ABL Bags Contracts for LLOG's GOM Asset, Japanese Wind Farm
ABL will provide marine warranty survey services for the subsea development of the Salamanca development project in the Gulf of Mexico.
8:00 PM EST | March 14, 2024
Shearwater Bags Survey Contracts with Equinor, Spirit Energy
The contracts are for the Mariner field in the UK North Sea, the Heidrun field in the Norwegian Sea, Norway, and the Morecambe Bay area.
8:00 PM EST | March 14, 2024
Equinor Awards Contract Extensions to Norwegian Offshore Suppliers
Equinor is exercising two options to extend contracts with Archer AS, KCA Deutag Drilling Norway AS, and Odfjell Operations AS for a total of four years.
8:00 PM EST | March 13, 2024
Petrofac Inks $200MM Contract with Turkmengas
The three-year contract is valued at over $200 million.
8:00 PM EST | March 12, 2024
Total Energy Unit Closes Acquisition of Saxon
The acquisition of Saxon increases Savanna Australia's land drilling rig fleet to 16 rigs.
7:00 PM EST | March 07, 2024
NSTA Relaunches Decommissioning Data Dashboard
The Decommissioning Data Visibility Dashboard of the United Kingdom (UK) regulator now includes field-specific information from 15 operators.
7:00 PM EST | March 05, 2024
Diamond Offshore Bags $350MM BP Contract Extension in GOM
The contract extension is for the Ocean BlackHornet rig, which begins in February 2025 in direct continuation of the rig's current contract.
7:00 PM EST | March 03, 2024
DeepOcean Bags Pipeline Service Contract from Equinor
DeepOcean's scope of work includes pipeline inspections, seabed mapping, and ad-hoc pipeline survey and light construction work.
7:00 PM EST | February 29, 2024
Solaris Annual Profit Up
Solaris reported $39 million in net income for 2023.
7:00 PM EST | February 28, 2024
Atlas to Acquire Hi-Crush Permian Proppant Assets for $450MM
The Austin-based company aims to create the largest proppant producer in the USA.
7:00 PM EST | February 27, 2024
Helix Bags Well Intervention Contract from Esso in Nigeria
The project, located offshore Nigeria in the Erha and Usan fields, is expected to begin in September.
7:00 PM EST | February 27, 2024
TGS Teams Up with Enertel for Integrated Solutions
The collaboration 'will deliver an integrated solution to empower operators with seamless access to TGS licensed well data through Enertel's QuantumCast software platform'.
7:00 PM EST | February 22, 2024
Baker Hughes Inks Contract with Petrobras to Service Buzios
The integrated services project is set to start in the first half of 2025.
7:00 PM EST | February 22, 2024
KCA Deutag Bags 2-Year Extension to Service Var Energi's Ringhorne
The contract is for drilling and maintenance services on the Ringhorne platform in the North Sea.
7:00 PM EST | February 21, 2024
GlobalData Reveals Overall Oil and Gas Contract Value and Volume in Q4
'The oil and gas industry has demonstrated resilience,' GlobalData said.
7:00 PM EST | February 20, 2024
ASCO Secures 5-Year Contract with bpTT
Under the contract ASCO will provide base and pipe yard management services to bpTT across all its 16 offshore locations in Trinidad.
7:00 PM EST | February 20, 2024
TechnipFMC Bags Contract for Shell's Sparta Development in GOM
The contract is for the first integrated engineering, procurement, construction, and installation project using high-pressure subsea production systems rated up to 20,000 psi.
7:00 PM EST | February 18, 2024
DeepOcean Enters Guyana Market with ExxonMobil Deal
DeepOcean will provide subsea construction and IMR (inspection, maintenance and repair) services for the Stabroek block.
7:00 PM EST | February 15, 2024
Expro to Acquire Well Tech Firm Coretrax for $210MM
Coretrax provides performance drilling tools and wellbore cleanup, well integrity and production optimization solutions.
7:00 PM EST | February 14, 2024
EthosEnergy Scores 5-Year Agreement with Harbour
EthosEnergy will become Harbour Energy's primary service provider for the maintenance and support of a fleet of light industrial gas turbines, across three production assets.
7:00 PM EST | February 13, 2024
DOF Bags Contracts from Eni, Equinor, Prime Energy
DOF will provide offshore services to assets in Cote d'Ivoire, Norway, and the Philippines.
7:00 PM EST | February 12, 2024
CBed Puts Newly Acquired SOVs Straight to Work
The two service operation vessels have been contracted by Hughes Subsea.
7:00 PM EST | February 12, 2024
Var Energi Taps AGR for Well Control Job Offshore Norway
AGR secured a long-term contract for the provision of blowout and well control studies and associated services for Var Energi activities on the Norwegian continental shelf.
7:00 PM EST | February 11, 2024
Precision Beats Estimates on Soaring Profits
The company's adjusted EBITDA for the quarter was $112.38 million (CAD 151.2 million), up 66 percent compared to $67.71 million (CAD 91.1 million) in the comparable period in 2022.
7:00 PM EST | February 07, 2024
Secure Closes $850MM Sale of Oilfield Waste Facilities
Secure Energy Services Inc. has closed the sale of the facilities formerly owned by Tervita Corporation to Waste Connections, Inc., in a transaction mandated by Canada's Competition Tribunal.
7:00 PM EST | February 05, 2024
Wood Wins $80MM Extension for Equinor's Peregrino Assets
Wood will continue to provide maintenance solutions to optimize the Peregrino wellhead platforms and FPSO unit.
7:00 PM EST | February 04, 2024
Pioneer Energy Closes Sale of Field Gas Conditioning System
The Pegasus system conditions field gas into consistent, high-quality fuel to be used in place of diesel for hydraulic fracturing fleets.
7:00 PM EST | February 01, 2024
Baker Hughes Beats Estimates on Strong Revenue
The company posted revenue of $6.84 billion for the fourth quarter of 2023, up three percent quarter over quarter and 14 percent year over year.
7:00 PM EST | January 28, 2024
Vissim Bags Contract with Repsol for Oil Spill Detection System
The upgraded radar-based oil spill detection solution will be installed on the Inspirer jack-up rig located on the Yme oil field in the Central North Sea.
7:00 PM EST | January 28, 2024
Longitude Bags Engineering Contract for Egypt Subsea Project
The company will to provide detailed design and engineering services for the subsea development at Egypt's West Delta Deep Marine (WDDM) concession, part of the Burullus Gas Field in the Mediterranean Sea.
7:00 PM EST | January 24, 2024
Halliburton Beat Estimates, Ups International Revenue
The company's adjusted net income for the quarter, excluding losses in Argentina primarily due to currency devaluation, was $769 million, or $0.86 per share.
7:00 PM EST | January 24, 2024
Optime Scores ROCS Contract for Equinor's Rosebank Field
The implementation of the ROCS on the Rosebank field is scheduled for June 2025 and is the first ROCS contract between the two companies.
7:00 PM EST | January 23, 2024
Aquaterra Scores 3-Year Contract for Analysis Services in UK
Under the contract, Aquaterra Energy will deliver a comprehensive range of offshore analysis services, including riser and conductor analysis for jack-ups and semi-submersibles.
7:00 PM EST | January 23, 2024
TechnipFMC Wins Gulf of Mexico Job from BP
TechnipFMC has been contracted for installations at the Mad Dog field.
7:00 PM EST | January 22, 2024
Karoon Lowers Production Guidance, Plans Well Intervention
Karoon said it expects its total production for 2024 to be in a range of 11.2 million to 13.5 million barrels of oil equivalent.
7:00 PM EST | January 22, 2024
Petro-Victory Mobilizes Workover Rig to Brazil Field
The company mobilized the SPT-129 workover rig with rig services provider Braserv Petroleo LTDA to the Sao Joao field.
7:00 PM EST | January 18, 2024
Total Energy Subsidiary to Acquire Saxon for $37MM
When completed, the acquisition will increase the depth capacity of Savanna Australia's drilling rig fleet, add experienced local personnel, and expand Savanna Australia's customer base.
7:00 PM EST | January 17, 2024
Petrofac Bags Multimillion Contracts from Aramis, BP
The company has secured a FEED contract for the CCS project Aramis and a service contract for BP's Greater Tortue Ahmeyim project.
7:00 PM EST | January 09, 2024
Ocean Installer Bags Contract for FPSO Work in Angola
Ocean Installer and Oceaneering have won a contract in Angola's Block 17 to execute the transportation and installation work of the GIR FLEX project.
7:00 PM EST | January 03, 2024
Valaris Secures Contract for Petrobras' Buzios in Brazil
The contract is valued at approximately $519 million, inclusive of mobilization fees and additional services.
7:00 PM EST | January 03, 2024
TGS Flags Record Deepwater Node Survey Campaign
In a statement posted on its website recently, TGS outlined that it had set a record with the completion of a 'groundbreaking deepwater node survey campaign offshore Guyana'.
7:00 PM EST | January 02, 2024
Pason Systems Closes Acquisition of Tech Firm IWS
Calgary-based Pason Systems Inc. has purchased all remaining common shares of Intelligent Wellhead Systems Inc. (IWS) for a total consideration of $66.18 million (CAD 88.2 million).
7:00 PM EST | January 02, 2024
Profrac Completes Refinancing of Term Loan
Tthe refinancing transaction provides it with 'a more stable financial platform, a strengthened balance sheet, a bifurcated capital structure and ample liquidity'.
7:00 PM EST | January 01, 2024
EIG to Acquire Brazil FPSO Operator Ocyan for $390MM
Ocyan currently operates four offshore units through a 50/50 joint venture with Altera Infrastructure, holding long-term contracts with Libra Consortium, Karoon Energy and 3R Petroleum.
7:00 PM EST | December 28, 2023
Petrofac Secures Build Deal for TotalEnergies Assets in UK
TotalEnergies has contracted Petrofac for engineering and construction services for its assets in UK waters.
7:00 PM EST | December 19, 2023
Santos Inks CCS Deal with Japanese Companies
Santos signed an MOU with JX Nippon Oil & Gas Exploration and ENEOS to evaluate the potential to store CO2 from Japan in the Moomba CCS project.
7:00 PM EST | December 19, 2023
Canada's Secure to Sell Oilfield Waste Facilities for $850MM
The company will sell the facilities formerly owned by Tervita Corporation that were ordered to be divested by Canada's Competition Tribunal.
7:00 PM EST | December 11, 2023
Kemira to Divest O&G Portfolio to Sterling
The transaction includes Kemira's manufacturing facilities in Mobile, Columbus, and Aberdeen in the USA.
7:00 PM EST | December 04, 2023
Saipem Nets 2 Offshore Deals Worth Nearly $2B
Saipem announced that it has been awarded two offshore contracts worth approximately $1.9 billion.
7:00 PM EST | November 29, 2023