A year ago, things appeared to be looking up for Canada’s oil patch, but that proved unfounded. In early 2019, more uncertainty and pessimism are in the air, and little on the horizon provides hope for improvement.
By Jonathan Tirone on 2/18/2019
Nebojsa Nakicenovic. Photo: IIAC.
Photo: Expro Group.
HOUSTON — Weir Oil & Gas Dubai announced that it has signed a contract with Expro to provide authorized repairs, specifically for Expro’s PowerChokes product range. The Authorized Repair Facility agreement will see Expro customers send PowerChokes products to Weir Oil & Gas Dubai’s facility to capitalize on Weir’s Original Equipment Manufacturer repair and recertification status.
“Expro is delighted to partner with Weir in delivering a world-class drilling choke solution in the Middle East,” said Jeff Messer, general manager of PowerChokes. “We manufacture some the world’s most advanced chokes and control consoles, which can be used in a range of applications including underbalanced and managed pressure drilling. Our alliance with Weir will leverage their strengths in repairing and manufacturing oilfield equipment and provide our customers with a comprehensive drilling solution.”
DOHA — Baker Hughes, a GE company (BHGE), the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP) to unlock new opportunities to expand its presence in the country and to support Qatar Petroleum’s Tawteen Program.
The agreement confirms BHGE’s ongoing commitment to Qatar and to enhancing its industry-leading operations in the country through continued investment in technologies and services over the coming years. The MoU, which supports QP’s Tawteen Program, unlocks opportunities for BHGE to build on its strong relationship with QP to share expertise and best practices, and will help strengthen the oil and gas supply chain in Qatar and boost the skills of Qatari talent for the industry.
Photo: Saad Sherida Al-Kaabi, president CEO Qatar Petroleum.
Photo: Transocean Norge.
STEINHAUSEN, Switzerland — Transocean Ltd. has announced that it has entered into an agreement with its customer, Equinor, to license and install Automated Drilling Control (ADC) systems on four high-specification, harsh environment rigs currently on contract in Norway and a fifth semi-submersible that is expected to commence operations in the Norwegian sea this summer.
The Transocean Enabler was previously equipped with the ADC system in 2017 and has delivered tangible improvements in overall drilling efficiency that have led to more cost-effective wells for Equinor. Further, the system has demonstrated improvements in well integrity, while enhancing safety and operations assurance.
By Liam Denning on 2/15/2019
Photo: Warren Buffett, investor.
By Saleha Mohsin and Patricia Laya on 2/15/2019
Minister of Petroleum and President of PDVSA in Venezuela. Photo: Twitter.
Photo: Maersk Maker from Maersk Supply Service.
COPENHAGEN — Maersk Maker, the final vessel of Maersk Supply Service’s Starfish AHTS newbuilding series, was delivered yesterday from Kleven Yard. The vessel’s arrival completes Maersk Supply Service’s Fleet Renewal Program, with ten new-build vessels delivered and 23 vessels divested over the last three years.
By Dina Khrennikova on 2/15/2019
MOSCOW (Bloomberg) — New Russia sanctions proposed by members of the U.S. Congress could hinder the development of some natural gas export pipelines, but otherwise do little to harm the country’s largest energy companies.
A bill was introduced this week to punish the Kremlin over allegations it interfered in U.S. elections and exerts a “malign influence” in countries including Ukraine. If passed into law, it would prohibit investments in Russian liquefied natural gas facilities outside the country, and the supply of capital, technology or equipment to future domestic oil fields.