Halliburton News

(Photo: Saipem)

Saipem/Subsea 7 Merger Would Create Subsea Giant

, one of the world’s biggest crane vessels and numerous offshore fabrication yards.”Saipem and Subsea 7 have reportedly been in merger talks in previous years, though an agreement was ever reached.Such a merger would create the fourth-largest oilfield service company, after Schlumberger, Halliburton and Baker Hughes

Pic: GlobalData

Oil and Gas Industry Adopts VR

a wide range of emergency situations that employees could potentially face in real-life while working onsite with heavy machinery, thus ensuring they are ready to deal with any unforeseen event.”GlobalData identifies Baker Hughes, BP, Chevron, ConocoPhillips, Equinor, ExxonMobil, Gazprom, Halliburton, Shell, Saudi Aramco and Sinopec as among the leading adopters of VR technology in oil and gas operations.The oil and gas industry faces a unique challenge as many of its facilities are in remote locations around the world. Inaccessible terrains and harsh weather conditions compel companies to

Island Venture (Photo: C-Innovation)

C-Innovation to Perform RLWI for BP

to begin as early as July 2019 and will be performed in water depths of up to 6,500 feet on different assets within the Gulf of Mexico.C-I noted it will utilize Wild Well’s 7Series Subsea Well Intervention System, a hydraulic stimulation kit from Caltex Oil Tools as well as the full suite of Halliburton’s numerous wireline, E-Line, coil tubing and pumping units.David Sheetz, C-I Subsea Manager, said, “This well intervention award from BP is a continuation of other subsea intervention work C-I is performing as the main contract holder. This contract compliments the multi-year IMR agreement

Diego Baraldi is C-Kore's new South American sales manager (Photo: C-Kore Systems)

Baraldi Joins C-Kore Systems

C-Kore Systems announced it has hired Diego Baraldi to represent the subsea testing tools manufacturer as Sales Manager – South America.Baraldi has more than 15 years of experience in the offshore oil and gas sector, starting his career with Halliburton as Field Engineer and then working for Lupatech as Business Development Manager. For the past six years he has worked for Fugro in Brazil, starting as the Service Line Manager, before moving to Business Development Manager.“The principles of [C-Kore’s] cost-saving tools fit extremely well with the wishes of the South American market

(Photo: Aker Solutions)

Aker Solutions Raises 2019 Forecasts

and expects some key projects to be approved in six to 12 months, finance chief Svein Stoknes told a news conference."Offshore spending is forecast to increase by up to 5 percent in 2019 and accelerate to 5-15 percent in 2020 according to industry estimates," CEO Luis Araujo said.Rival Halliburton this month said that it expects global offshore spending to rise 14 percent in 2019, double the estimates given by sector leader Schlumberger NV.Aker still faces fierce competition as industry overcapacity looms after years of restraint by oil companies after the 2014-16 oil price crash, with

Forum Taps Gaut as CEO

;We will be working very hard to drive superior execution, improve margins and generate free cash flow. There is a wealth of untapped value within Forum and I am excited to get to work.”Prior to his first time as Forum CEO, Gaut served as President of the Drilling and Evaluation Division at Halliburton Company, and prior to that as Chief Financial Officer, from March 2003 through April 2009. Before joining Halliburton in 2003, Gaut was Chief Financial Officer and Co-Chief Operating Officer of Ensco International

The Grane platform in the North Sea. (Photo: Harald Pettersen / Equinor ASA)

Equinor Awards $3.7 Billion Service Deals

Norwegian oil and gas firm Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion) to Schlumberger, Halliburton and Baker Hughes, it said on Monday.The contracts cover integrated well services, such as directional drilling, drill bits, fluids and cementing, for an initial four years, and can be extended for up to 10 years."The purpose of integrated drilling and well services is to clarify roles and responsibilities," Equinor, formerly known as Statoil, said in a statement."This results in less interfaces and more clearly defined responsibi

Weatherford Names Blanchard COO

; and supply chain.   Blanchard brings with him more than 35 years in the oilfield services sector. Most recently, he served as Chief Operating Officer for Seventy Seven Energy, where he oversaw drilling, pressure-pumping and rental tool operations. Previously, he spent more than 30 years at Halliburton Company where he held senior leadership positions including Vice President of Cementing, Vice President of Production Enhancement and Vice President of Testing and Subsea.  

Schlumberger expects reactivation costs to squeeze margins

demand from North American shale producers after a two-year lull.   Shares of the company, whose quarterly profit nearly halved due to a jump in costs, fell as much as 4.4 percent to $73.18, their lowest in nearly a year.   Oilfield service providers, including Schlumberger's rival Halliburton Co, are reviving equipment they stacked during the downturn in oil prices.   But bringing most oilfield fleets online comes at a cost, including expenses involved with repair and upkeep, and re-hiring of employees to man the equipment.   "We will have some headwinds around one-time

Paddy Hardey (Photo: M² Subsea)

M² Subsea Appoints US GM, SVP Commercial

gas industry. Most recently, he was commercial manager of Bibby Offshore’s North American subsea division, where he played an integral role in growing the company’s global footprint, establishing business links in a number of emerging regions. Prior to this, he was commercial manager for Halliburton’s Pipeline and Precommissioning business in Aberdeen.   Based in Houston and Aberdeen, M² Subsea is the largest independent provider of ROV services, focused on reducing costs and risks to meet the demands of the low oil price environment

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