Halliburton’s Landmark Software and Services acquired Neftex Petroleum Consultants Ltd. Neftex is a UK-based company specializing in sequence stratigraphy-based products and consulting for subsurface risk reduction. Neftex’s consistent…
The American Petroleum Institute (API) published new guidelines for the design, manufacture and use of subsea capping stacks, equipment designed as part of industry’s emergency preparedness in the event of a spill at a wellhead on the ocean floor…
The Thermal Integrity Profiler (TIP) was awarded the 2015 winner of the Charles Pankow Award for Innovation by the American Society of Civil Engineers (ASCE). The award celebrates collaboration in innovative design, materials, or construction…
The US Bureau of Ocean Energy Management (BOEM) will extend its public comment period for its new five-year Outer Continental Shelf (OCS) oil and gas leasing plan for 2017-2022, the agency announced on 30 July 2014. BOEM says the decision…
Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…
Houston-based Apache Energy found gas and associated liquid hydrocarbons in the Phoenix South-1 well off Western Australia, in the Roebuck basin, before a drill bit failure on 29 July. Over the past two weeks, Apache drilled to a depth…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
Launched in 2010, CGG’s Oceanic Vega is a purpose-built high-capacity seismic vessel optimized for reduced noise and fuel consumption. It carries DNV-CLEAN notation for the lowest environmental impact. Photo from CGG…
Houston-based William Jacob Management, Inc. (WJM) introduced a modular offshore drilling rig design that reduces deployment costs and improves speed-to-market for upstream operations. The modular offshore rig facility (MORF) is a copyrighted design for a 3000hp modular drilling facility…
Gulf Island Fabrication has signed a cooperation agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together on offshore projects for the US Gulf of Mexico and abroad. Gulf Island Fabrication will offer its fabrication experience…
A July 2014 poll revealed that if the US produced more oil and natural gas, it would greatly benefit job creation, increase government revenue and strengthen national security. API and Harris Interactive Poll According to a recent…
GE’s Measurement & Control business announced a minority equity investment in Meridium. The companies will enter into a joint development and distribution agreement that will integrate Meridium’s asset performance management (APM) software…
Pedro Vergel joins Houston-based Petrofac Training Services (PTS) as vice president of the Western Hemisphere for Petrofac Training, a newly-created role. Vergel will be responsible for PTS operations in Europe and the Americas as the…
The ongoing revision of API 17G (specification for subsea well intervention equipment) includes many changes from prior editions. These changes extend beyond the added design rules and product qualification processes for hardware typically seen in design code updates…
TGS has is to start two multi-client geochemical seafloor sampling and seep studies offshore Canada and in the Barents Sea. Sampling locations for both programs were identified using recently acquired multi-client seismic data. The Labrador…
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