Latest Oilfield Services News

Subsea 7 wins BP contract for Clair Ridge project

Feb 2, 2012

Subsea 7 SA has been awarded of a contract valued at approximately $100 million from BP Exploration Operating Co. Ltd. for the Clair Ridge Project, West of Shetland.

Texcom opens new liquid disposal site in heart of Eagle Ford Shale

Jan 25, 2012

Houston-based TexCom Inc., an environmental services company for the oil and gas industry, has opened its new liquid disposal site, owned and operated by its wholly owned subsidiary Eagle Ford Environmental Services LLC.

Tendeka secures frame agreement with Statoil

Dec 28, 2011

Tendeka, a provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, has secured a major frame agreement with Statoil for the provision of sand screens and inflow control devices and services for use on the Norwegian Continental Shelf.

With acquisition, Mustang increases automation, control capabilities in Latin America

Dec 19, 2011

Mustang, a Wood Group company, said December 16 that it has acquired a majority stake in ISI Solutions for an initial consideration of US$5.2 million.

Flotek names Fisher executive VP, global business development

Dec 19, 2011

Flotek Industries Inc. has named Marc K. "Kevin" Fisher executive vice president, global business development.

Recent GOM lease sale bodes well for offshore oil service providers

Dec 15, 2011

Results of the recent Gulf of Mexico lease sale are a positive indicator that oil and gas exploration and production companies have become increasingly more comfortable with the direction of the US regulatory environment and bode well for offshore oil service providers, said Global Hunter Securities analysts.

Superior Energy Services adds Kinnear as director

Dec 14, 2011

Superior Energy Services Inc. has appointed Peter D. Kinnear to serve as a director until the 2012 annual meeting of stockholders.

Oceaneering International to buy AGR FO for $240M

Nov 23, 2011

Oceaneering International Inc. has entered into a definitive agreement to acquire AGR Field Operations from AGR Group ASA for $240 million including acquired debt.

Sackschewsky joins BDO as tax partner

Oct 25, 2011

Clark Sackschewsky has joined accounting and consulting firm BDO USA as a tax partner in the firm’s Houston office. 

Grubbs joins BDO natural resources practice as partner

Oct 20, 2011

BDO USA LLP, an accounting and consulting organization, has appointed Mike Grubbs to assurance partner in the natural resources industry practice.