Cameron stockholders voted to approve the merger agreement between the equipment manufacturer and Schlumberger today (December 18) at a special meeting. In late August, oilfield services giant Schlumberger announced it would acquire Cameron in a deal worth US$14…
In Anadarko’s interim Q4 update, the company revealed it is making significant progress at its Heidelberg development in the Gulf of Mexico, in addition to achieving a strong production performance for the period. Image from Anadarko…
Weatherford achieved a new world record by landing an 1180-ton (2,360,700-lb) casing string at a total depth of 26,805 ft (8170 m). The job was performed on a deepwater rig in the Gulf of Mexico this fall. The operator of a deepwater rig in the Green Canyon required installation of a heavy…
Halliburton and Baker Hughes’ efforts to complete their US$34.6 billion mega merger hit a new snag with the Antitrust Division of the US Department of Justice (DOJ). Image from Baker Hughes. The…
Deepwater mooring specialist, First Subsea, has completed the installation of subsea mooring connectors for Anadarko Petroleum's Heidelberg truss spar platform moored in 5310ft (1620m) of water in field development in the Gulf of Mexico. The 23…
W&T Offshore announced a 'significant discovery' at the Ewing Banks 954 A-8 exploratory well located in the deepwater Gulf of Mexico. The EW 954 A-8 well penetrated a total of 150ft of measured depth hydrocarbon pay contained in two sands…
Saipem has been awarded new engineering and construction offshore contracts cumulatively valued at US$196 million (€180 million). The most significant initiatives are: Johan Sverdrup Export Pipelines Project Statoil, on behalf of the Johan Sverdrup partners…
Houston-based Schlumberger will issue five tranches of senior notes worth US$6 billion to help fund its pending $14.8 billion mega merger with Cameron International. Image from Schlumberger. Last week on 10 December…
Technip has been awarded a lump sum contract by Deep Gulf Energy II for work on the ultra-deepwater Odd Job development. The Odd Job field is in the Mississippi Canyon, in the US Gulf of Mexico, in 1330-1825m water depth. The contract…
Bibby Offshore's subsidiary Bibby Subsea has won a multi-million dollar decommissioning project in the US Gulf of Mexico, starting in 1H 2016. Bibby is mobilizing its dive support vessel Bibby Sapphire from the North Sea for the work…
ExxonMobil has chosen Darren W. Woods to be president and a member of the company's board of directors, effective 1 January 2016. Woods is currently senior vice president of the corporation. Rex W. Tillerson will continue his roles of chairman of the board and CEO…
Otto Energy has announced that it has entered into an agreement with Byron Energy for the staged farm-in for participating interests in to up to three lease areas held by Byron in the Louisiana Gulf of Mexico (GOM) area. The transaction…
Chevron is planning a 24% reduction in its 2016 capital and exploratory investment program to US$26.6 billion, compared to 2015’s $35 billion. Chevron's Big Foot in the GoM. Image from Chevron…
Houston-based BOP Technologies announced a new approach to allow a BOP to work even if the drilling rig loses power or hydraulic pressure. The company calls it 'a huge step' toward making BOPs the last line of defense in case of a blowout…
It goes without saying that Art Berman with Labryrinth Consulting Services has a belief about oil prices that is likely not shared by many in the oil and gas industry: Berman believes the prices should be lower. “Prices have to fall further…
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