Friday, February 23, 2018

Oil And Gas Service News

GE Commits to Baker Hughes, Shares Jump

File Image (CREDIT: AdobeStock / (c) Edelweiss)

Shares of General Electric Co's Baker Hughes rose sharply on Wednesday after the parent company said it no longer planned to shed its holdings in the oilfield services business…

Schahin Files for Bankruptcy Protection in Wake of Scandal

Twenty-eight units of Brazilian engineering firm Grupo Schahin filed for bankruptcy protection on Friday as fallout from a corruption scandal at key client Petróleo Brasileiro SA…

Cleargistix Partners with Focus Safety Services

Cleargistix LLC announced that it has agreed to a strategic partnership with Focus Safety Services, LLC of Lafayette, La. The agreement helps to broaden each company’s offerings…

Aker Solutions Completes Reinertsen Acquisition

Aker Solutions has completed the acquisition of oil-services provider Reinertsen, building on its position as maintenance and modifications supplier offshore Norway. The purchase…

Schlumberger, Subsea 7 Mull Oil Services JV

(Photo: Subsea 7)

Schlumberger, the world's largest oilfield services firm, and smaller peer Subsea 7 said on Friday they were entering exclusive talks to form a joint venture to deliver subsea installations and services for oilfields.

U.S. Oil Rig Count Rises for Fifth Straight Week - Baker Hughes

File Image (CREDIT: AdobeStock / (c) Edelweiss)

U.S. energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs. Drillers added one oil rig in the week to Feb. 23…

WRS Appoints Ferrier VP, Texas Operations

Rex Ferrier

Wellsite Rental Services, LLC (WRS), a comprehensive, rental equipment provider for the drilling and production sectors of the oil and gas industry, has appointed Rex Ferrier as vice president - Texas operations.

Amec Foster Wheeler wins Aramco Oilfield Deal

British oil and gas services company Amec Foster Wheeler said on Thursday it won a contract to provide design and project management for the expansion of Saudi Aramco's Marjan offshore oilfield.

Enerplus Profit Beats as Oil Focus Pays Off

Photo: Enerplus Corp

Canadian oil and gas producer Enerplus Corp reported a quarterly profit that beat estimates on Friday as the company's strategy to focus on oil assets paid off. Shares of the company…

Yinson Wins $2.5 bln Ghana Oil & Gas Contract

Yinson Holdings Bhd , Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54 billion floating production, storage and offloading (FPSO) vessel charter contract…

Wellsite Rental Services Names Hover Sales Manage

Nicole Hover (Photo: Wellsite Rental Services)

Wellsite Rental Services, LLC, a rental equipment provider for the drilling and production sectors of the oil and gas industry, has named Nicole Hover as sales manager for its Mid-Continent Region.

Greene's Operations Center Earns API Q2 Certification

Oil services company Greene’s Energy Group, LLC has received the American Petroleum Institute (API) Specification Q2 Certification – an advanced industry certification standard…

GranInvestimentos and Royal IHC Join Forces

Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership…

Oil Services Firms 'Trim Fat'

A slump in oil prices is forcing the oil and gas services industry for the first time in 15 years to trim costs in a way that executives say will create a lasting change away from…

Frontier International Bolsters Service Portfolio

L-R Mark Clarke, chairman and Paul Radcliffe, managing director, Frontier International

Frontier International announced a service sector contract portfolio increase from six client contracts to 13 client contracts in this sector during 2014. The company said the increase…

Albacom Expands O&G Capabilities

L-R Jim McBride, Manufacturing Supervisor of Electronics and Microwave divisions, Jim Davidson, CEO of Albacom and Ronnie McKenzie, Surface Engineering & Machining Supervisor. Photo Albacom

Albacom, a Dundee-based leading technology company, has relaunched its Surface Technology division after a £250,000 investment, which was supported by Scottish Enterprise. The Surface…

Seadrill plans up to $305m Malaysian selldown

SapuraKencana Petroleum Bhd's second largest shareholder plans to sell up to $305 million worth of shares in the Malaysian oil and gas services firm, according to a term sheet of the deal seen by Reuters.

Macleod Joins OEM Group as Financial Director

Mike Macleod  (Photo: OEM Group)

OEM Group said it has named Mike Macleod as its new finance director as part of the company’s growth strategy which aims to see its turnover increase by 25 percent to £3 million in the next 12 months.

U.S. Drillers Add Rigs for Fourth Consecutive Week

File Image (CREDIT: AdobeStock / (c) Edelweiss)

U.S. energy companies added oil rigs for a fourth week in a row even though crude pulled back from three-year highs over the past couple of weeks as more drillers boost their 2018 spending plans.

EnerMech to Add 150 Staff to Australian Operation

International oil and gas services group, EnerMech, has strengthened its operations in Australia with the appointment of two senior oil and gas industry professionals. Craig Wilson…