The Latest Oilfield services news

    DW: Project delays hit industry outlook

    Oct 2, 2015

    Onshore pipeline capital expenditure is expected to grow modestly to $220 billion between 2015 and 2019, according to a new Douglas-Westwood market forecast.

    Prysmian Group acquires Gulf Coast Downhole Technologies

    Oct 2, 2015

    Prysmian Group, which is active in the energy and telecom cable systems industry, has signed an agreement to acquire 100% of the privately held Gulf Coast Downhole Technologies (GCDT) for an initial consideration, subject to adjustment, of $45 million in cash.  

    Report: Oilfield equipment market worth $127.6 billion by 2020

    Sep 29, 2015

    The global oilfield equipment market size is expected to reach US$127.6 billion by 2020, according to a new report by Grand View Research Inc. Continuous technological advancements in tools for better performance, improved recovery rate, and higher production is expected to drive the global industry demand over the forecast period.

    New Source Energy Partners updates on pending borrowing base deficiency

    Sep 29, 2015

    New Source Energy Partners LP, due to a pending borrowing base deficiency under its revolving credit facility, will be prevented from paying the quarterly cash distribution on its 11% Series A cumulative convertible preferred units. 

    Thigpen Energy spins off from TRF Energy Solutions

    Sep 25, 2015

    Thigpen Energy will be spun out of TRF Energy Solutions and will become a stand-alone portfolio investment for Intervale Capital, effective Oct. 1. 

    Halliburton agrees to pay $18.3M in overtime to 1,000 employees nationwide

    Sep 22, 2015

    In one of the largest recoveries of overtime wages in recent years for the US Department of Labor, Halliburton has agreed to pay $18,293,557 to 1,016 employees nationwide. The department’s Wage and Hour Division investigated Halliburton as part of an ongoing, multi-year compliance initiative in the oil and gas industry.

    Swire Pacific Offshore makes leadership changes

    Sep 22, 2015

    Swire Pacific Offshore has made several leadership changes, including the appointment of a new managing director in Singapore. Ron Mathison has taken over the helm as the company’s new managing director, effective Sept. 21.

    Silixa partners with WellDog for fiber optic installations

    Sep 21, 2015

    Silixa, which provides distributed acoustic and temperature monitoring technology, has entered into a strategic partnership with WellDog, an energy-focused technical services company, for fiber optic installation work in North America and Australia. The agreement will focus on covering new installations in the unconventional sector.

    DW: Downturn to have marked effect on OFS market through 2019

    Sep 17, 2015

    The current downturn in the oilfield services business and the approach of the major swing producers is expected to have a marked effect on the global oilfield services (OFS) market through to 2019, according to the recent edition of Douglas-Westwood’s World Oilfield Services Market Forecast 2015–2019.  

    Aker Solutions appoints Clark as regional president of UK and Africa

    Sep 10, 2015

    Aker Solutions has appointed David Clark as regional president of the UK and Africa, effective Sept. 21. Clark will be based in London, and will work on expanding Aker Solutions' international presence with a special focus on the African market.

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    Carnarvon to explore two permits in Barrow sub-basin

    Jun 5, 2014

    Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

    Report predicts surge in world subsea expenditure

    Jun 5, 2014

    Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

    Hitachi Solutions Canada to unveil JV solution for oil and gas industry

    Jun 4, 2014

    Hitachi Solutions Canada, a global provider of industry solutions based on Microsoft Dynamics AX, will be launching an oil and gas joint venture solution using Microsoft Dynamics AX 2012.

    Primoris wins underground contract work valued at over $10 M

    Jun 2, 2014

    Primoris Services Corp. has received a new contract award from a midstream oil and gas customer. The new contract was secured by Sprint Pipeline Services, a division of Primoris Energy Services, a Primoris subsidiary and part of the East Construction Service segment.


    Alpha Crude Connector to conduct open season

    Jun 2, 2014 Alpha Crude Connector LLC intends to conduct an open season for the Alpha Crude Connector pipeline, a new FERC-regulated crude oil transportation pipeline to be located in Lea and Eddy counties in ...

    MicroSeismic names Foster as president and CEO

    May 30, 2014

    MicroSeismic Inc. has appointed Jeff Foster as the company’s president and CEO. Founder of the company and past CEO, Peter M. Duncan, will continue with MicroSeismic as co-chairman.

    KMP to expand carbon-dioxide infrastructure

    May 8, 2014

    Kinder Morgan Energy Partners LP is set to invest $671 million to grow its carbon-dioxide infrastructure in southwestern Colorado and New Mexico.

    TPC Group expands polyisobutylene capacity

    May 1, 2014

    TPC Group, a provider of C4 based products and services, has achieved a milestone in its comprehensive expansion program to increase polyisobutylene capacity.

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