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Texas upstream news


C-Innovation acquires Caltex Oil Tools

C-Innovation has acquired the controlling interest in Caltex Oil Tools, which provides equipment rentals, services and customised engineering capabilities to the offshore industry.


Schlumberger posts 2Q20 results

Schlumberger has reported its second straight quarterly loss after recording US$3.7 billion in impairment and restructuring charges.


Chevron to acquire Noble Energy

The acquisition of Noble Energy provides Chevron with offshore assets in Israel and enhances Chevron’s US unconventional position with acreage in the DJ Basin and 92 000 largely contiguous and adjacent acres in the Permian Basin.


Trendsetter Engineering releases intervention system

The system, initially delivered in the Intervention Riser System (IRS) configuration, provides a 6-3/8 in. through bore and is suitable for all types of well intervention operations up to 15 000 psi and in water depths up to 10 000 ft.