The move is an effort to further reduce cost and capex as well as to improve utilization, Petroleum Geo-Services said in a news release.

Vorpal's Drill2Frac helps optimize fracturing operations through the optimal placement of perforation clusters. Enventure’s expandable ESeal Refrac Liner provides mechanical zonal isolation of existing perforations.

The business includes the LETOURNEAU jackup rig designs, rig kit business and aftermarket services, Keppel Offshore & Marine said in a news release.

Power oxidation process turns ‘waste gases’ into clean, usable energy.

Shale producers can save 30% of the drilling cost with walking rigs, which can move from one wellbore to another--10 meters in less than an hour, Reuters said.

Rigs were added in formations including the Williston Basin, where three were brought online and the Granite Wash, where one was added. Two rigs were removed in the Permian Basin, which has seen a pick-up in recent weeks.

Drillers added two oil rigs in the week ended Aug. 14, bringing the total count up to 672, the highest since early May, oil services company Baker Hughes Inc. said.

Prosafe said the contract, which begins in first-quarter 2017 with a firm period commitment of three years, will be the first for the Safe Eurus, a vessel designed and built to service the Brazilian market. 

Phyllis Mitchell and Kent C. Crago were appointed as vice president of human resources and as vice president of finance, respectively. Mitchell is a Society of Human Resource Management member.

Operated by ENI Norge AS, the Goliat FPSO vesssel is the first offshore oil development in Norway's Arctic region, in the Barents Sea, First Subsea said in a news release.

The acquisition allows Weatherford to extend the scope of its land RCD and managed pressure drilling (MPD) technology and services to include original equipment manufacturing RCD sales to rigs for permanent installation, the company said in the release.

At 134-m high and weighing 22,400 tonnes, the steel jacket it is the largest built for a Statoil project, a news release said.