Latest Headlines

  1. ADNOC Offshore Selects Weatherford For Directional Drilling, Awards Three-Year Contract Worth $220M

    Weatherford International plc (OTC-PINK: WFTIQ) announced it has signed a $220 million, three-year contract with the Abu Dhabi Company for Offshore Petroleum Operations Limited ("ADNOC Offshore") to provide directional drilling services for the stated goal of increasing offshore production for ADNOC Offshore in the UAE.

  2. Projetech Announces European Partnership With SRO Solutions

    Projetech, a leading U.S. distributor of IBM Maximo via a Software as a Service (SaaS) offering, has announced a partnership with U.K.-based SRO Solutions (SRO) that will connect its Maximo users with SRO’s exclusive data migration and replication tools.

  3. Permian Producer To Evaluate Produced Oilfield Water System That Saves Up To 90% Of Disposal Costs

    As the oil patch seeks to cut costs, a radically efficient method of evaporating produced water—Evaporation 2.0—is now available from industrial wastewater firm RWI Enhanced Evaporation.

  4. Chevron To Boost Production At St. Malo Field In The Gulf Of Mexico

    Chevron Corporation recently announced the sanction of a waterflood project in the St. Malo field. This application of enabling technology is expected to increase recovery and advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico.

  5. Rise In Replacement Of Legacy Oil And Gas Fittings Remains A Turning Point Of Market Players, Says FMI

    A report investigates the oil and gas fittings market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global oil and gas fittings market is expected to experience moderate growth during the forecast period due to multiple factors such as new oil and gas drilling projects and new pipeline contracts across the globe.

  6. API: U.S. Energy Revolution Empowering Economic And Environmental Progress

    The American Petroleum Institute (API) recently released its Q3 2019 Industry Outlook and August 2019 Monthly Statistical Report, highlighting how America’s domestic energy revolution is empowering economic and environmental progress.

  7. Terra Drone Angola Uses UAV In Offshore Mock Oil Spill Response

    Terra Drone Angola, a group company of the world’s leading provider of industrial drone solutions Terra Drone Corporation, has successfully demonstrated at an offshore oil field in Angola how drones can be used as a surveillance and reconnaissance tool for oil spill incidents.

  8. Petrofac Sells Remaining 51% Of Mexican Operations

    Petrofac Limited (“Petrofac”) announces that it has recently signed an agreement to sell its remaining 51% interest in its operations in Mexico(1)(2), including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited (“Perenco”).

  9. Talos Energy Announces Transactions With BP, ExxonMobil

    Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that it has entered into two separate agreements with BP plc ("BP") and Exxon Mobil Corporation ("ExxonMobil") related to new exploration opportunities in the U.S. Gulf of Mexico.

  10. Plant Closure Auction Of One Of The Most Renowned Manufacturers In The Oilfield Service Industry - Schoeller Bleckmann de Mexico (SBMex)

    Schoeller Bleckmann de Mexico (SBMex) is one of the most renowned manufacturers of high-precision machinery parts, tools & equipment for the oi- - lfield ervice industry in the U.S. and Mexico. Due to Strategic decision to permanently close the operation, SBMex declares plant closure and Machinery Network Auctions Inc., is proud to announce that they will be holding a live, on-site and on-line auction for this Major Oil Tool Company.