Equinor, on behalf of the Njord license, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This contract will make Equinor the first user of technology expected to be completed in 2020...

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by IHS Markit...

Bentec has announced that it has signed a multi-million euro contract with the drilling division of INK-Service Group (INK) for the manufacture of seven latest-generation 320t cluster slider rigs. INK is the oilfield service unit of Russia’s Irkutsk Oil Company...

3T Energy Group has appointed a new executive vice president to help deliver its global growth plans. Mr Meissner joins 3T Energy Group as Executive Vice President of Global Sales and Marketing and will sit on the executive board helping to drive the 3T Energy forward...

GEODynamics has introduced its Vapr perforating system, a versatile, addressable switch-ready, portless solution that provides high levels of precision and reliability. Vapr’s open-architecture design allows engineering teams to plan and complete multi-stage plug and perf operations more safely...

Valaris has announced new contracts and contract extensions, with associated revenue backlog of approximately $245 million, awarded subsequent to a prior press release that announced new contract awards on 26 August 2019...

Smith Bits, a Schlumberger company, has introduced Aegis armor cladding that significantly improves bit body design flexibility and erosion resistance, increasing rate of penetration (ROP) and bit durability for longer runs. Aegis cladding increases bit erosion resistance by 400%...

Halliburton has released QuickPulse Automated Directional Gamma Service, a new measurement while drilling (MWD) technology, that provides quick and reliable downhole information at extended depths to deliver wells faster. This capability helps operators drill longer laterals, make improved geosteering decisions and reduce well time to maximize their asset value...

ModuSpec reemerges as an independent operating company following a strategic restructure of Lloyd’s Register (LR). In March, LR announced its withdrawal of its Drilling Integrity Services (LRDIS) in the Middle East and Asia Pacific regions. ModuSpec was originally acquired by LR in 2008...

Weatherford announced it has signed a $220 million, three-year contract with ADNOC Offshore to provide directional drilling services for the stated goal of increasing offshore production for ADNOC Offshore in the UAE. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells and new wells...