OSRL announced the order for a second AN-124 aircraft transport skid with L+M AG for the Singapore located capping stack to further enhance the air freight capabilities of the Subsea Well Intervention Service. The new AN-124 air transport skid will be available to the OSRL SWIS subscribers in Q4 2019...

Rising produced water volumes and expanding costs pose a significant risk to production growth in the Permian Basin, Ryan Duman, Senior Analyst, Lower 48, Wood Mackenzie, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver...

Schlumberger announced an award by Chevron of a 20-year subsea equipment and services master contract for subsea development projects in the GoM. Combining this master contract with a preapproved catalog of standard subsea equipment will enable Chevron to decrease operating costs in its subsea projects...

Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity, Robert Clarke, Research Director, Lower 48 Upstream, told delegates at URTeC...

The Abu Dhabi National Oil Company signed a strategic framework agreement with China National Offshore Oil Corporation to explore new opportunities for collaboration in both the upstream and downstream sectors as well as in LNG...

Range Resources Corporation (Range) announced that it has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of 1 March 2019...

Seadrill has secured a nine well contract with three options, each for two wells, for the West Gemini in West Africa. Total contract value for the firm portion of the contract is expected to be approximately $84 million with commencement expected in early Q4 2019 and running through Q4 2020...

Expro has been awarded a contract by Pacific Drilling for the provision of an intervention riser system for Petronas’ Chinguetti Field Phase II plug and abandonment contract. Expro will provide its IRS system with associated surface support equipment, which will be deployed from the Pacific Santa Ana...

KCA Deutag (KCAD) has announced that its land drilling operation has won three new contracts in Russia worth approximately $168 million. These contracts are for eight high-performance land rigs, seven of which were previously built by Bentec, KCAD’s rig and oilfield equipment manufacturer...

Kuwait Oil Company (KOC) and Halliburton announced the companies have signed an integrated offshore drilling services contract for six high-pressure, high-temperature (HPHT) exploration wells on two jackup rigs in the Arabian Gulf. The contract includes a 3-year term with a 6-month extension option...