Baker Hughes, Schlumberger scoops contract in India According to WorldOil Oilex Ltd. has announced the award of two key contracts to Schlumberger and Baker Hughes as part of its 2017 work program at the Cambay PSC in India. Schlumberger and Baker Hughes will advise on the optimal well and stimulation design required to achieve potential commercial …
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Prosafe sells one of its flotels for scrap Prosafe, an owner and operator of semi-submersible accommodation rigs known as flotels, has decided to sell another one of its units for scrap reports Offshore Energy Today In a Friday operational update for the first quarter of 2017, Prosafe said it has taken the decision to sell …
Exxon Mobil losses drilling waiver for Russia WorldOil – Exxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude. Treasury Secretary Steve Mnuchin said the decision was made after consultation with President Donald …
Saipem records 20% loss in first quarter of 2017 Italian oilfield services contractor Saipem recorded a drop in revenue and profit in the first quarter of 2017, however it said the drop was in line with expectations. Revenue fell to 2.26 million euros, from 2.84 million a year ago. Net profit was 47 million euros, …
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