Halliburton and rival Baker Hughes have agreed to merge in a deal worth US$34.6 billion in stock and cash. Significant synergy opportunities graph from Halliburton. According to Halliburton…
Houston-based Paragon Offshore has launched a bid to take over Prospector Offshore Drilling by buying 55.8% of the Oslo stock market-listed drilling firm's stock. Paragon, which spun out of Noble Corporation in August this year, said…
Baker Hughes and Halliburton are in ‘preliminary discussions’ in regards to a possible merger between the two oil services providers, Baker Hughes confirmed on 14 November. “These discussions may or may not lead to any transaction. Baker…
O3b Networks launched the O3bEnergy 20 service for offshore communications in the Gulf of Mexico. O3bEnergy 20 provides energy clients with an aggregate of 20Mbps throughput to a single site at less than 150 msec roundtrip latency delivered over the O3bEnergy 1…
Houston-based Alloy Metals and Tubes International (AMTI) announced that Steve Martinez has joined the company as warehouse operator, and Denna Gatewood has been promoted to Director of Quality Assurance. In this capacity Martinez will…
While the specific terms of Mexico’s new contractual frameworks for its oil and gas industry are yet to be announced, the regime appears an attractive one and should be conducive to active bidding, according to an analyst with research and consulting firm GlobalData…
Stress Engineering Services, Inc., acquired Efird Corrosion International, Inc., a technical service and research company specializing in corrosion testing and analysis. According to Stress Engineering, the acquisition will provide new corrosion management and testing capabilities…
Petroleos Mexicanos (Pemex) will develop a US$6 billion gas liquefaction facility on the Pacific coast to enhance its export opportunities to Asia. The company said that it is aiming for a 2020 start date. The goal is to take advantage…
The National Offshore Safety Advisory Committee (NOSAC), sponsored by the US Coast Guard, will meet on 18-19 November in Houston. Topics on the agenda include diving safety; OSV purpose and offshore workers; and training of personnel…
Cobalt International's Cameia #3 appraisal well drill stem test offshore Angola has proved more successful than expected, the firm announced (4 November). The results confirm the existence of a large reservoir and support Cobalt’s plan…
Seadrill Partners LLC and Seadrill Ltd. entered into an agreement to sell the ultra deepwater drillship West Vela to the company’s 51% owned subsidiary Seadrill Capricorn Holdings LLC. Seadrill says the acquisition, that includes…
Bibby Offshore’s Houston-based division, Bibby Subsea, is investing in a custom-built office in Houston. Image of Quasar ROV being launched. From Bibby. The new 6300sq ft office…
First oil from ExxonMobil’s giant Hebron project off Newfoundland and Labrador is set for 2017. Sarah Parker Musarra received an update on the development from Geoff Parker, Hebron senior project manager, and examines its place in the Canadian energy economy…
Noble Energy has targeted an early 2018 start-up date for its giant Leviathan gas field off Israel, according to its 3Q earnings statement. In addition, the Houston-based independent received government approval for a gas delivery point for the field in the northern part of Israel…
Italy's Eni signed a memorandum of understanding (MOU) with Mexico's Pemex that will see the two companies cooperating and exchanging best practices in all three sectors of the oil and gas industry. The preliminary agreement covers the exchange of knowledge in relation to technology…
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