Chevron Corporation has named David Payne Corporate Vice President of Health, Environment and Safety, effective 1 May 2018. Mr Payne is currently Vice President of Chevron’s Drilling and Completions organization. He succeeds Wes Lohec who has elected to retire from Chevron after 37 years of distinguished service on 1 June 1 2018...
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News
Shell expands Brazil operated footprint with new deepwater blocks
Shell Brasil Petroleo, a subsidiary of Royal Dutch Shell, won four additional deepwater exploration blocks in the Campos and Potiguar basins, bringing its total operated presence offshore Brazil to 18 blocks...
Read More »Statoil awarded four blocks in Brazil’s Campos basin
Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March...
Read More »ExxonMobil expands its position in Brazil’s pre-salt after latest bid round
ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round...
Read More »Trelleborg launches elastomer-to-metal wellhead sealing solution
Trelleborg Sealing Solutions has announced the launch of a new metal end cap seal specifically engineered for high temperature high pressure (HTHP) wellhead, tubing and casing hanger sealing environments, which combines the pressure and extrusion resistance of a metal-to-metal bonded component with the flexibility of an elastomer...
Read More »ART DCS Subcommittee plans survey on IADC Daily Drilling Report
The IADC Drilling Control Systems (DCS) Subcommittee, under the IADC Advanced Rig Technology (ART) Committee, is writing a survey on usage and value of the IADC Daily Drilling Report (DDR). The subcommittee is undertaking a review of the IADC tour sheet and plans to revamp the form in print and electronic formats. The DDR Plus project will also include work to map rig sensors to drilling states and to develop guidelines for rig sensor stewardship...
Read More »Concho Resources to acquire RSP Permian in $9.5 billion transaction
Concho Resources and RSP Permian announced they have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt. The consideration will consist of 0.320 shares of Concho common stock for each share of RSP common stock. The transaction was unanimously approved by the board of directors of each company...
Read More »Reliance announces sale of select assets in the Eagle Ford shale play
Reliance Eagleford Upstream Holding, a subsidiary of both Reliance Holding USA and Reliance Industries, announced the signing of a purchase and sale agreement with Sundance Energy to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position for approximate consideration of $100 million, subject to certain customary adjustments and closing terms and conditions. This transaction is in conjunction with sales made by Pioneer Natural Resources and Newpek, the other working interest owners in the joint development with Reliance...
Read More »16 contracts tendered in Mexico’s Round 3
The opening of bids and awarding of exploration and hydrocarbons production contracts for the first tender of round three was held in a public session in live transmission. The contractual areas tendered are located in oil provinces in shallow waters in the Gulf of Mexico: Burgos, Tampico-Misantla, Veracruz and the Southeast Basin...
Read More »Schlumberger introduces new perforating gun system
Schlumberger has introduced the Tempo instrumented docking perforating gun system at the SPE/ICoTA Coiled Tubing and Well Intervention Conference and Exhibition. This combination of a plug-in gun design with real-time advanced downhole measurements enables and monitors the well’s dynamic underbalance to create clean perforations that boost reservoir productivity...
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