Latest Headlines

  1. Schlumberger Introduces Symphony Live Downhole Reservoir Testing 6/30/2020

    Schlumberger introduced today Symphony* live downhole reservoir testing, a technology platform that enables operational control of the downhole testing toolstring to deliver real-time downhole measurements.

  2. It’s The Combination That Does It 6/29/2020

    Membrane techniques have enormous potential for water treatment. “The removal of harmful or troublesome trace elements as completely as possible during water treatment is more important today than ever before – and is also indispensable for responsible wastewater management,” said Alexander Scheffler, head of Marketing in the Liquid Purification Technologies (LPT) business unit at specialty chemicals company LANXESS.

  3. Covia Announces Plan To Create Sustainable Capital Structure And Reduce Long-Term Obligations By More Than $1B 6/29/2020

    Covia (NYSE:CVIA) today announced that it has taken a major step toward creating a sustainable capital structure by reducing debt and eliminating excess fixed costs by more than $1 billion. The Company has entered into a restructuring support agreement (the "RSA") with holders of a majority of its secured debt for a comprehensive financial restructuring of its debt.

  4. BP Agrees To Sell Its Petrochemicals Business To INEOS 6/29/2020

    BP today announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5B, subject to customary adjustments.

  5. Schlumberger Introduces Performance Live Service 6/29/2020

    Schlumberger introduced today Performance Live digitally connected service that optimizes remote wellsite operations control while improving safety, efficiency and footprint.

  6. CNOOC Limited Announces A Significant Discovery Of Huizhou 26-6 In Eastern South China Sea 6/29/2020

    CNOOC Limited announced today that the Company made a significant discovery of Huizhou 26-6 in Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin.

  7. DeepStar Awards Phase II Of Magnetic Drive System™ Concept For Electric Submersible Pumps To Upwing Energy-Mitsubishi Heavy Industries Partnership 6/24/2020

    Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI), one of the world’s leading industrial firms, have been awarded the next phase of the Magnetic Drive System™ (MDS) project by DeepStar, a global offshore research and development consortium.

  8. Weatherford Production Optimization Software Boosts Revenue By $156M, Increases Production By Nearly 6,000 Barrels Per Day For Middle East Operator 6/24/2020

    Weatherford International plc (OTC Pink: WFTLF) today announced its Production Optimization Software Platform increased production by nearly 6,000 barrels per day, boosting revenue by $156 million over three years for a Middle East operator.

  9. ADNOC Announces $20.7B Energy Infrastructure Deal 6/23/2020

    The Abu Dhabi National Oil Company (ADNOC) announced today that it has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds. A consortium of investors comprising Global Infrastructure Partners (GIP), Brookfield Asset Management, Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan Board (Ontario Teachers’), NH Investment & Securities and Snam (the Consortium), will invest in select ADNOC gas pipeline assets valued at $20.7B.

  10. Fugro Completes Middle East’s First Uncrewed Geophysical Route Survey 6/23/2020

    In response to increasing demand for remote offshore services, Fugro has completed the Middle East’s first fully autonomous geophysical shallow-water route survey.