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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    The Latest Oilfield services news

    Schlumberger and IBM introduce new upstream service

    Aug 31, 2015

    Schlumberger and IBM have teamed up to provide integrated services to upstream oil and gas customers that are designed to improve the business impact of production operations projects.

    Schlumberger to acquire Cameron in transformational $14.8B deal

    Aug 26, 2015

    Oilfield services giant Schlumberger Ltd. (NYSE: SLB) has reached a definitive merger agreement with Cameron (NYSE: CAM) in which the companies will combine in a stock and cash transaction to create the industry’s first “pore-to-pipeline” company offering complete integration between downhole and surface technologies. On a pro forma basis, the combined company had 2014 revenues of $59 billion.

    Oceaneering makes executive appointments

    Aug 21, 2015

    Oceaneering International Inc. has promoted Eric A. Silva to senior vice president of operations support, appointed of Alan R. Curtis as senior vice president and CFO, and promoted Clyde Hewlett to COO.

    Emerson signs 10-year agreement with BP

    Aug 18, 2015

    Emerson and BP have signed a global agreement for Emerson Process Management, a global business of Emerson, to provide automation technologies and aftercare services for BP’s upstream oil and gas operations.

    Amazing Energy enters into share exchange agreement for 100% of Jilpetco

    Aug 17, 2015

    Amazing Energy Oil and Gas Co.’s board of directors has given its approval for the purchase of Jilpetco Inc., an oilfield operating and service company handling all of Amazing Energy’s current production in Pecos County, Texas.

    TEAM Oil Tools acquires Odessa Packer Services

    Aug 4, 2015

    TEAM Oil Tools LP has acquired all the outstanding shares of Odessa Packer Services Inc. Founded in 1982, Odessa is an oilfield packer and downhole tool service company focused on the Permian Basin market.

    Lloyd’s Register Energy provides solutions for maturing assets

    Aug 3, 2015

    Lloyd's Register Energy has launched a new service focused on assets at late-life stages and those nearing cessation of production. The new service will assist operators with maximizing economic recovery and reducing costs by eliminating inspection and maintenance activities that do not fulfill safety or profit objectives.

    Weatherford increases layoff target to 11, 000

    Jul 23, 2015

    Weatherford International is increasing its job cuts from 10,000 to 11,000, representing approximately 20% of its workforce. With continuing weak North American market conditions, Weatherford is further reducing its cost structure to reflect the current environment.  

    FMC Technologies plans for more layoffs

    Jul 23, 2015

    FMC Technologies Inc. is planning further layoffs due to current challenging market conditions.

    FoundOcean expands operations to deeper water depths in Gulf of Mexico

    Jul 22, 2015

    FoundOcean has developed and executed grouting procedures for Subsea 7 operations at 5,300 feet (1,615 meters) in the Gulf of Mexico, exceeding its previous operating depth levels.

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    INTERNATIONAL UPSTREAM

    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.

    NORTH AMERICA UPSTREAM

    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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