Tag Archives: offshore

“ Navigating a Market in Transition ” PESA Annual Meeting 2017

PESA members collaborate with top industry leaders and keynote speaker Karl Rove, Former White House Deputy Chief of Staff & Senior Advisor to President George W. Bush   Please save the date for PESA’s 2018 Annual Meeting April 25-27 at The Ritz Carlton Reynolds, Lake Oconee in Greensboro, GA. The 2017 PESA Annual Meeting held April […]

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Schlumberger Joins Halliburton in Calling Bottom of Oil Downturn

July 21, 2016 — 3:16 PM CDT Updated on July 22, 2016 — 11:06 AM CDT The world’s two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash. Schlumberger Ltd. said Thursday that the oil industry appears to have reached the […]

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U.S. rig count rises by 10, international count down 28

HOUSTON — The U.S. oil rig count increased by six this week, with more rigs added in the Permian basin, according to Baker Hughes. The count had declined for 29 weeks until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere. After U.S. oil prices settled near $60 a barrel for an […]

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Tullow Gets Nod To Proceed With TEN Project Offshore Ghana

The International Tribunal for the Law of the Sea (ITLOS) has ruled that Tullow Oil could proceed with its operations at the $5 billion TEN project offshore Ghana. However, the tribunal restricted Ghana from beginning any new drilling operations in the area until a maritime border dispute with the Ivory Coast is resolved in 2017. […]

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Caterpillar Unveils Increased Power Ratings for CM Offshore Oil and Gas Generator Sets

New ratings available for offshore drilling and production  Houston, Texas– Caterpillar Inc. is pleased to announce the availability of higher rated Cat® 12CM32C and 16CM32C generator sets, offering industry-leading power densities.  Designed specifically for offshore drilling and production applications including drillships, semi-submersible rigs, FPSOs and production platforms, these generator sets offer 560 bkW per cylinder, […]

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