Tradequip Blog & Oilfield Industry News

Enhances Transocean’s position as the leader in ultra-deepwater and harsh environment drilling; Adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction; Results in a combined fleet of 57 floaters, with 17 of the top 50 and 31 of the top 100 ultra-deepwater drillships in the industry(1); Enhances […]

PLANO, TX – May 3, 2018 – Murex LLC (Murex) and Cetane Energy, LLC (Cetane) have agreed to a major capacity expansion which will more than double the existing throughput of the Cetane crude oil trans-loading facility in Carlsbad, New Mexico serving the Permian and Delaware Basins. Capital improvements, which will be completed Q3 2018 […]

  Get ready for more asset sales in the oil and gas industry. Earlier this month, Devon Energy sold properties in North Texas’ Barnett Shale for $553 million, which analysts said represented a “relatively attractive” multiple of cash flow. Last week Pioneer Natural Resources and Reliance Industries agreed to sell some of their oil and gas properties in […]

Gastech, the global exhibition and conference at the forefront of the international gas, LNG and energy industries, is delighted to have received the Presidency of Honour from His Majesty King Felipe VI of Spain as the event arrives in Barcelona for its 30th edition. The “Presidency of Honour” is complemented by an official endorsement from […]

Alejandro (Alex) Cestero, Senior Vice President, General Counsel, Secretary and Chief Compliance Officer, Frank’s International, has joined the PESA Legal Committee and will serve as Vice Chairman. The Legal Committee offers special educational programs on a diverse range of topics of interest to the legal, risk management and compliance departments of the oilfield service and […]

Former Navy SEAL and New York Times bestselling author Chris Fussell gave a keynote address during PESA’s Membership Luncheon on October 30. Fussell, leadership consultant for McChrystal Group and author of “One Mission: How Leaders Build a Team of Teams,” spoke to the audience about how to make organizations flatter and more interconnected, taking his […]

Mexico Deputy Secretary of Energy for Hydrocarbons Aldo Flores-Quiroga met with PESA Executives on October 18 over a private lunch hosted by the PESA Mexico Task Force. The Secretary shared insights into Mexico’s developments, including the transformation of its oil and natural gas industry with 67 E&P companies now having a presence in the country. The […]

The PESA International Outposts Subcommittee hosted a Middle East Regional District Meeting at the Schlumberger Middle East and Asia Learning Centre in Abu Dhabi on November 14 during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). The mission of the Regional District Meeting was to provide a collective environment where PESA members were able to address […]

The PESA Advisory Board Members contribute to the direction of PESA, promote PESA participation within their own companies and strengthen PESA’s membership ranks via their personal industry connections. The PESA Board of Directors has nominated and approved three new Advisory Board Members: Scott Livingston, Senior Vice President of Global Operations, NOV Rig Systems; Alejandro (Alex) Cestero, […]

Ministers and top government officials from the International Energy Agency’s 29 member countries, seven Association countries – Brazil, China, India, Indonesia, Morocco, Singapore and Thailand – and other partners, as well as more than 30 CEOs from across the energy spectrum, met in Paris this week for the IEA’s 2017 Ministerial Meeting. Held under the […]

PESA Advisory Board Member and West Texas Regional District Chairman Pat Bond, Co-Chief Executive Officer, Gravity Oilfield Services introduces Danny Wesson, Vice President, Operations, Diamondback Energy   PESA welcomed Diamondback Energy Vice President, Operations — Danny Wesson, as the keynote speaker of PESA’s West Texas Regional District Meeting held September 20 at Gardner Denver in […]

Italian oil and gas company Eni has transformed under a leader determined to reduce costs without cutting jobs—instead including employees in the turnaround mission. Transforming a business that must reduce costs doesn’t always have to mean pain for employees—even if that business is a multinational energy company hit hard by dropping oil prices. In this interview, […]