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SIMMONS EDECO to carry out onshore drilling campaign in Mexico for Renaissance Oil Corp.

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SIMMONS EDECO announced that it has been awarded a contract by Weatherford de Mexico S. de R.L. de C.V., a subsidiary of Weatherford International, to provide drilling services to Canadian-based Renaissance Oil Corp. and its partner Lukoil, which are developing a diversified shale and mature fields portfolio in oil-rich Mexico...

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Statoil acquires 25% of Roncador field in Brazil, advances strategic partnership with Petrobras

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Statoil and Petrobras have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil's production in Brazil, with attractive breakevens and potential for additional value creation for both parties through the application of Statoil's expertise in improved oil recovery (IOR). The total consideration comprises an initial payment of $2.35 billion, plus additional contingent payments of up to $550 million...

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GE launches industry’s first optimizing standalone controller

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GE Power’s Automation & Controls business announced the release of dual redundancy capability on its PACSystems RX3i CPE400 outcome optimizing controller. Building on GE’s controls leadership and expertise in deploying mission-critical solutions, the CPE400 is designed to function in rugged, high-temperature environments where a compact footprint with high-performance is essential....

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BSEE approves new drilling operations in Arctic

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Achieving American energy dominance moved one step closer with the approval of Arctic exploration operations on the Outer Continental Shelf for the first time in more than two years. The Bureau of Safety and Environmental Enforcement approved an Application for Permit to Drill Tuesday. Eni US Operating Co. submitted the application in August. Drilling the exploratory well from a man-made artificial island in the Beaufort Sea is expected to start as early as this December...

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Frigstad Offshore launches project to build new generation harsh environment semi-submersible drilling rig

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Frigstad Offshore has initiated a tender process with shipyards in Asia to price a new generation harsh environment semi-submersible drilling rig. The Frigstad D90 AWD design has been developed over the last two years by affiliate Frigstad Engineering to take advantage of latest technology developments, meeting end client and environmental requirements of the future. The Frigstad D90 AWD is designed as a highly versatile and efficient tool for “all water drilling,” both in harsh and benign environments and in water depths ranging from 350 to 14,000 ft. Harald Frigstad, Chairman and Owner of Frigstad Group, commented, “We have seen an increased demand among oil companies for larger and more efficient drilling units. The recent downturn has pushed the industry to ...

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Nabors and Saudi Aramco commence joint venture operations

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Nabors Industries reported the commencement of operations of Saudi Aramco Nabors Drilling Company (SANAD), the previously announced 50/50 joint venture between Saudi Aramco and Nabors. SANAD is one of the anchor projects that has emerged from Saudi Arabia’s efforts to introduce world-class industry hubs locally, in order to foster economic growth and job creation...

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