Doug Pferdehirt is CEO of TechnipFMC, and there are 44,000 employees, according to the press release.

Drillers cut seven oil rigs in the week to Jan. 13, bringing the total rig count down to 522, compared with 515 rigs seen one year ago, according to Baker Hughes Inc. on Jan. 13.

​Hess Corp. budgeted $2.25 billion for E&P this year, higher than the $1.9 billion it spent in 2016, in one of the first signs that the shale industry will spend more in 2017 after years of declines.

Ithaca Energy Inc. said Jan. 12 that 2016’s average production totaled about 9,300 barrels of oil equivalent per day (boe/d), exceeding the full-year guidance of 9 Mboe/d.

Front Range said that, based on pressures and reservoir gas compositions, the Upper and Basal Montney are separate hydrocarbon systems.

Energean plans to lease its own FPSO vessel and build a separate pipeline to Israel, and also wants a financial partner to develop the Tanin and Karish fields, which have 2.4 trillion cubic feet estimated combined gas reserves, Reuters reported. 

Halliburton’s Brazil Technology Center in Rio de Janeiro is being used in the project. It is one of 15 global centers for technology, Halliburton said. 

Neuquen province, where most of the formation is located, agreed to stabilize taxes as part of the deal; and labor unions have signed onto more flexible contracts, Reuters reported. 

C&J said a new board of directors was appointed Jan. 6, consisting of Chairman Patrick Murray; Stuart Brightman; John Kennedy; Steven Mueller; Michael Roemer; and Michael Zawadzki; in addition to Don Gawick, C&J's president and CEO.

Handling HP/HT operations safely, economically and with environmental sensitivity calls for highly specialized equipment and technology to exploit future reserves.

Companies are demonstrating that talk of applying their offshore expertise and experience to real-world renewables is more than just hot air.

Drillers added two oil rigs in the week to Dec. 30, bringing the total count up to 525, the most since December 2015 and 11 shy of the 536 rigs seen at the end of 2015, Baker Hughes Inc. said on Dec. 30. 

Pages