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. 

The $16 million contract covers 150 days of work on the Nini and Siri fields in the Danish part of the North Sea, Maersk Drilling said in a news release.

Daewoo Shipbuilding said it would sell the company headquarters in Seoul and wind down or sell units that are unrelated to its core shipbuilding or offshore plant businesses such as wind power subsidiary DeWind Co. and local golf course operator FLC Ltd.

Prosecution is pending over lease of an Ensco drillship to Brazil’s Petrobras, Reuters said. This information came during statement about charges related to 2009 lease of Vantage Drilling’s Titanium Explorer Rig.