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Williams to provide services to Whale development project

August 5, 2021
| Archives

Williams Companies Inc said on Wednesday it had reached an agreement with Shell Offshore Inc and Chevron USA Inc to provide offshore natural gas gathering and crude oil transportation services for the Whale development project. Royal Dutch Shell last month announced plans to develop a new oilfield in the Gulf of Mexico. The Whale development, operated by Shell

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Danfoss completes US $3.3 billion acquisition of Eaton Hydraulics

August 4, 2021
| Archives

Danfoss has officially finalized its US$3.3 billion acquisition of Eaton’s hydraulics business following confirmation of all necessary regulatory approvals and closing conditions The move will see the Danfoss Group grow in size by a third and establish itself as a global leader in mobile and industrial hydraulics.   Mobile hydraulics has been one of Danfoss’ core and most successful businesses for over

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Algerian Petroleum Institute signs training partnership with Senegal

August 4, 2021
| Archives

The Algerian Petroleum Institute (IAP) has signed a partnership agreement in the field of training with the National Institute of Oil and Gas of Senegal (INPG), the Sonatrach group announced in a press release. The convention was initialed last Tuesday at the IAP headquarters in Boumerdès, in the presence of the Senegalese Ambassador to Algeria, Serigne Dieye, said

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Senegal partners with Nigeria for oil sector development

August 4, 2021
| Archives

In a bid to expand regional cooperation and cross-border trade, Nigeria has committed to supporting Senegal in its quest to develop a robust oil and gas industry. The pledge was made by Nigeria’s Minister of State of Petroleum Resources, H.E. Chief Timipre Sylva, in a recent State visit to Nigeria by H.E. Aissatou Sophie Gladima, Minister of

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Noble reports on Q2 with three new contracts and over $1 billion in backlog

August 4, 2021
| Archives

Noble issued their financial results for Q2 and here are the highlights: Signed three new contracts for legacy Pacific Drilling rigs On track to achieve Pacific Drilling synergy target three months early Successful contract startups for three jackups and two floaters Listed on New York Stock Exchange (NYSE: NE) Jackups Over the course of the second quarter, customers elected to exercise options for

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DS 11 will receive a 20k psi upgrade for TotalEnergies GOM, 3.5 year term

August 4, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Valaris has been awarded a 3.5-year contract with TotalEnergies for the highly anticipated high-pressure North Platte field development drilling campaign in the US Gulf of Mexico. The contract is expected to commence mid-2024 and is contingent on the project passing

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Oceaneering lands multi-year integrity contract in Papua New Guinea

August 4, 2021
| Archives

Oceaneering International, Inc. announces that its Integrity Management and Digital Solutions (IMDS) segment has won a new multi-year contract in Papua New Guinea (PNG) with a major operator. The contract is for a duration of three years plus two one-year extensions. The scope of work, which is already underway, includes conventional and advanced non-destructive testing, on-site inspection, data

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Permian Basin production to recover completely by 2022

August 4, 2021
| Archives

The Permian basin, the largest oil producing basin in the US, was the most affected play in the country during the COVID-19 pandemic times. However, production of crude oil and natural gas from this play is likely to exceed the pre-pandemic levels by 2022 amid market recovery from the pandemic, says GlobalData, a leading data and analytics

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Ghana seeks loan approval to accelerate oil and gas exploration

August 3, 2021
| Archives

Ghana is seeking parliamentary approval to borrow as much as $1.65 billion to accelerate oil and gas exploration by acquiring and developing assets. The investment push comes after Exxon Mobil Corp. pulled out of an offshore prospect in the West African country in May, dealing a blow to its burgeoning oil and gas sector. There are also rising

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Crew Hawk Analytics launched by Salunda Limited

August 3, 2021
| Archives

Salunda Limited has launched Crew Hawk Analytics with an aim to provide faster and more accurate decision-making capabilities in the offshore oil and gas sector, delivering enhanced levels of safety protection and management of people and assets in the drilling Red Zone New Crew Hawk Analytics from Salunda Limited provides faster, easier and more accurate decision-making capabilities in

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