UK-based drilling specialist Archer reported a 22.5% drop in 2Q 2015 that will lead to cutting 700 jobs in its global workforce. Image from Archer. Revenue for 2Q was US$388…
Vallourec appointed Nicolas de Coignac as senior vice president Vallourec Group, President North America effective 1 April 2015. In his new role de Coignac will lead all Vallourec businesses in North America, and drilling operations worldwide…
Petroleos Mexicanos (Pemex) awarded the Houston-based, Cameron-Schlumberger joint venture OneSubsea, a US$270 million subsea production systems contract for the Lakach deepwater project offshore Mexico. The Lakach project is the first deepwater subsea field to be developed by Pemex…
Mexico’s Petróleos Mexicanos (Pemex) has signed agreements with Malaysia’s Petroliam Nasional Berhad (Petronas) and with Argentina’s YPF, to take advantage of new opportunities opening through Mexican energy reform. Heads of the three national oil companies met last week in Cancún…
Mex Gas Supply (MGS), a subsidiary of Mexico's Petroleos Mexicanos (Pemex) has a formed an alliance with Switzerland’s Mercuria, financed by JPMorgan.to import US-sourced natural gas. On 8 August, Geneva-based Mercuria Energy Trading…
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…
Continual expansion of unconventional oil and gas development seen over the next decade - most notably in the US, but also around the globe - will necessitate steadily increasing proppant sales over the next 10 years. In the US, proppant…
Last week, Spain's Repsol sold its remaining 12% stake in Argentine oil giant YPF SA for US$1.25 billion, and YPF's stock price jumped 10%. The Spanish oil company controlled a majority of YPF after it was privatized in the late '90s…
Excelerate Energy L.P. completed its 500th commercial Ship-to-Ship (STS) transfer of LNG on September 23, 2013 in Escobar, Argentina at the GNL Escobar LNG import facility. Using Excelerate Energy’s regasification vessel, Exemplar and the conventional LNG carrier SCF Arctic…
Paris-based Total today announced that it has made the final investment decision to develop the Vega Pleyade field offshore Tierra del Fuego, Argentina. Total, as operator with 37.5% working interest, will develop both natural gas and condensate…
A group of 24 nations and the EU are meeting in Bremerhaven, Germany, July 11-16, to discuss revised proposals to create two marine protected areas (MPAs) in the ocean surrounding Antarctica. If approved, these may become the largest marine reserves on Earth…
Vacuum pump, blower and vacuum systems manufacturer Busch inaugurated a new factory in Jarina, 50km north of Sao Paulo, Brazil. In the presence of the Mayor of Jarina and 280 invited guests, the new factory was officially opened by Dr Karl Busch…
Tenaris announced it will invest $70 million to build a new sucker rods mill with a production capacity of 1,800,000 units per year, in order to reduce lead times and improve service for customers in the growing North American market. It…
Basement reservoirs have been exploited for decades. However, since the mid-1990s, there has been increasing interest following major discoveries in Vietnam and Yemen, combined with the creation of new downhole tools, seismic technics and improved drilling technologies…
The Aberdeen company acquires two Gavia AUVs Two Gavia AUVs delivered to NCS SurveyNCS Survey has expanded its growing autonomous underwater vehicle (AUV) fleet with the purchase of two Teledyne Gavia AUVs.These vehicles are the latest…
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