Petrofac Secures $130 Mln in PDO Awards
Petrofac announced on Tuesday it has secured a new contract and has been awarded of an additional scope of work with Petroleum Development Oman (PDO), with a combined value of approximately $130 million.The new contract award, under a 10-year framework agreement signed in 2017 with PDO…
Tendeka Launches FloFuse
Independent global completions service company Tendeka said it has launched a new technology that increases oil recovery by improving injected water conformance in fractured reservoirs or by ensuring effective placement of matrix stimulation acids.When installed across a segmented wellbore…
STATS Group Post 65% Profit Increase
Pipeline technology company STATS (UK) Ltd increased profits by 65 percent to £4.3 million ($6 million) while maintaining revenues of £30 million, ($41 million) according to its latest annual accounts lodged at Companies House.The accounts to December 31, 2017, show that despite the continued impact of low oil and gas prices…
Petrofac JV Wins $2 Bln Refinery Contract in Oman
Petrofac Ltd said Oman's Duqm Refinery and Petrochemical Industries awarded a $2 billion contract to the British oilfield services company's 50:50 joint venture with Samsung Engineering, sending its shares up as much as 9.5 percent. The 47-month project includes engineering, procurement…
ITF’s GCC Members Agree for Technology JIP Roadmap
The Industry Technology Facilitator’s (ITF) Gulf Cooperation Council (GCC) members have, for the first time, agreed to take forward three technology challenges with the aim of defining a call for proposals for collaborative joint industry projects (JIPs) later this year. ITF’s GCC Members’…
Petrofac Wins $900 mln Oman Contract
Petrofac Ltd said it won an about $900 million contract from Petroleum Development Oman (PDO), the country's top oil and gas producer, to provide engineering and procurement services. Petrofac will provide the services at PDO's Yibal Khuff project, located about 350 km south west of Oman's capital Muscat, under the four-year contract.
PDO Says to Lift Oil Output 5% in Four Years
State-controlled Petroleum Development Oman (PDO), the country's top oil and gas producer, aims to lift crude output by about 5 percent over the next four years, managing director Raoul Restucci said on Monday. "We aspire to reach 600,000 barrels per day by 2019," he told reporters at an annual briefing on Oman's energy industry…
Kemp: The Real Shale Revolution
By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. But although fracking has captured the popular imagination, and is often used as a synonym for the whole phenomenon, horizontal drilling was actually the more recent and important breakthrough.
Schlumberger New High-Definition Imaging-While-Drilling Service
MicroScope HD service provides detailed logging-while-drilling images for reservoir description and completions optimization. Schlumberger has announced the release of the MicroScope* HD high-definition imaging-while-drilling service. The MicroScope HD service provides unmatched logging…
