Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico
This latest transaction is the fourth deal completed by Ashtead Technology since the business was acquired by Buckthorn Partners and APICORP in April 2016.
The latest upstream news
Wood grows chemicals business with new contract in Germany
The company has been awarded a new contract by Evonik to deliver engineering, procurement and construction management services for the Group’s new polyamide 12 production complex.
ExxonMobil acquires more exploration acreage offshore Namibia
Agreements signed with the government of Namibia and NAMCOR will add approximately 7 million net acres to the company’s exploration acreage.
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Sparrows Group secures UKCS contract renewals totalling £30m
Sparrows Group has reinforced its leading position in the North Sea following contract renewals worth an estimated £30 million in revenue in the first quarter of 2019.
Rystad Energy: Saudi Arabia and allies can replace lost Iranian oil
The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million bpd from the market.
Standard Drilling to acquire Norwegian-built PSV
The company will acquire the Havyard 832 PSV vessel Olympus through its subsidiary Wanax AS.
Emerson and Metrol launch the Intelligent Multistage Completion Network™
The IMCN is an integrated upper and lower completions downhole solution that communicates wirelessly with instruments at the reservoir sandface.
Wood Mackenzie: Southeast Asian upstream M&A could hit US$14 billion
According to a new report by Wood Mackenzie, Southeast Asia could take centre stage in the region's upstream M&A activity in 2019, with up to US$14 billion worth of assets potentially switching hands.
Shell announces deepwater discovery in Gulf of Mexico
Evaluation of the discovery at the Blacktip prospect is ongoing, and appraisal planning is underway.
Occidental Energy makes proposal to acquire Anadarko
The company delivered a letter to Anadarko’s Board of Directors today, setting forth the terms of the proposal.
KCA Deutag awarded four-year drilling contract extension on North Sea platform
The company’s offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform.
Emerson announces enhancements to Mimic™ Simulation Software
Enhancements to Mimic™ Simulation Software make it possible to simulate new process reactions and enhance safety checks for plant personnel training.
Oil and gas logistics expert warns permanent customs union alone would not mean frictionless post-Brexit trade with EU
Adam Johnson, director of Leeds-based Tudor International Freight, was commenting on what is believed to be the central trade-related demand of Labour party leaders in their current talks with the government aimed at breaking the parliamentary Brexit impasse.
Rystad Energy update: Iraqi gas production set to triple
For the world’s fourth largest crude producer, natural gas is about to take pole position.
Energy businesses vulnerable to cybersecurity risks by failing to secure their Industrial IoT deployments
According to a new study, three-quarters of companies agree that they must strengthen their cyber defence capabilities, but say they lack the skills and technology.
GlobalData: ConocoPhillips asset acquisition set to make Chrysaor the leader in UK oil and gas production
Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, estimates that Chrysaor will become a leader in UK oil and gas production and offers his insight on the transaction.
Upwing Energy to unveil new artificial lift technology at Offshore Technology Conference
Company to showcase Subsurface Compressor System™ for gas wells and Magnetic Drive System™ for oil wells.
Murphy Oil Corporation announces strategic deepwater, oil-weighted Gulf of Mexico acquisition
The company’s subsidiary has entered into a definitive agreement to acquire deepwater Gulf of Mexico assets from LLOG.
Chevron awards Archer contract for Alba Northern and Captain platforms in the UK
The contract ensures continuity of platform drilling operations and maintenance management services on the platforms until at least 2024.
Seeing double
Steve Digby, SPX FLOW, UK, explains why double acting double diaphragm metering pumps are a perfect storm of benefits for offshore operators.
TechnipFMC awarded a significant integrated EPCI contract for the ConocoPhillips TOR II development
This contract covers the delivery and installation of a subsea production system including installation of umbilical, rigid flowlines and associated subsea equipment.
Trelleborg launches extrusion-resistant elastomer seal
Trelleborg Sealing Solutions announces the launch of the new XploR™ S-Seal and XploR™ FS-Seal that have been developed for demanding high pressure sealing environments, such as those found in oil & gas downhole tool applications.
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