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Expro awarded subsea contract by Pacific Santa Ana, offshore Mauritania

22 hours ago DieselGasoil Comments Off on Expro awarded subsea contract by Pacific Santa Ana, offshore Mauritania
7/15/2019 ABERDEEN — International oilfield services company Expro has been awarded a contract by Pacific Drilling LLC’s subsidiary, Pacific Santa Ana, Ltd., for the provision of an Intervention Riser System (IRS) for Petronas’ Chinguetti Field Phase II plug and abandonment (P&A) contract, offshore Mauritania. Expro’s IRS. The contract, valued at $20 million, will see Expro Read More

KCA Deutag wins $168 million in Russian drilling contracts

23 hours ago DieselGasoil Comments Off on KCA Deutag wins $168 million in Russian drilling contracts
7/15/2019 ABERDEEN — Global drilling and engineering contractor KCA Deutag (KCAD) is delighted to announce 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. A Read More

Step Energy Services Ltd. to Announce Second Quarter Results and Host Conference Call; Appoints Rob Kukla as Director, Corporate Development

4 days ago DieselGasoil Comments Off on Step Energy Services Ltd. to Announce Second Quarter Results and Host Conference Call; Appoints Rob Kukla as Director, Corporate Development
CALGARY, Alberta, July 12, 2019 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) intends to release its 2019 second quarter results on Thursday, August 8, 2019 before markets open and will host a conference call at 8:00 a.m. MT (10:00 a.m. ET) on the same morning. To access the conference call in North America, dial Read More

Delphi Energy Corp. Announces Extension of Credit Facility

5 days ago DieselGasoil Comments Off on Delphi Energy Corp. Announces Extension of Credit Facility
CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the annual borrowing base redetermination of its senior credit facility has been finalized. The amended credit facility has a borrowing base of $100.0 million reducing to $90.0 million upon the earlier of September 30, 2019 and the completion Read More

Cordy Oilfield Services Inc. Announces Additions to Its Board of Directors and Approval of Share Consolidation

5 days ago DieselGasoil Comments Off on Cordy Oilfield Services Inc. Announces Additions to Its Board of Directors and Approval of Share Consolidation
CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Cordy Oilfield Services Inc. (“Cordy” or the “Corporation”) (TSX VENTURE: CKK) is pleased to announce that at yesterday’s annual general and special meeting of shareholders, David Mullen, Timothy Urquhart, Stuart King, Ricky Manhas and Michael Smith were elected as directors of Cordy. Ricky Manhas and Michael Smith Read More

Chevron under pressure over Kazakh oilfield violence

2 weeks ago DieselGasoil Comments Off on Chevron under pressure over Kazakh oilfield violence
Highlights Chevron under pressure over clash between Kazakh, foreign workers New president welcomes company executives Chevron’s dominant position still looks assured London — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Senior Kazakh officials have had exchanges with a senior Chevron executive following unrest at the giant Tengiz oil Read More

Q2 a cautious period for upstream E&Ps, but little change seen for rest of 2019

2 weeks ago DieselGasoil Comments Off on Q2 a cautious period for upstream E&Ps, but little change seen for rest of 2019
Highlights CEOs still wary of oil price volatility Executives likely hold capex steady at midyear Firm financial, operational targets a top priority Houston — Second-quarter 2019 was a cautious quarter for US upstream operators, and little change is expected in the second half of the year apart from the Permian Basin in the Q3 and Read More

Shale drilling slips back to one-year low as oil rally falters

2 weeks ago DieselGasoil Comments Off on Shale drilling slips back to one-year low as oil rally falters
By Carlos Caminada and Andres Guerra Luz on 7/3/2019 CALGARY and HOUSTON (Bloomberg) — American oil explorers cut back on the number of drilling rigs this week, matching a one-year low reached last month, as crude’s rally falters amid growing concerns over demand. Working oil rigs in the U.S. fell by five to 788, according Read More

Expro enters multi-billion-dollar market with technology acquisition

2 weeks ago DieselGasoil Comments Off on Expro enters multi-billion-dollar market with technology acquisition
7/2/2019 ABERDEEN — International oilfield services company Expro has acquired 100% of the equity of technology company Quality Intervention AS (QI). The Norwegian-based company was founded in 2008 and provides a portfolio of innovative products and services – coiled tubing technology (CoilHose), annular integrity technology (Well Spring) and innovative in-situ wellhead remediation tooling (Multi-tool). QI’s Read More