Oil and gas sector needs to think long-term to achieve meaningful cost cuts: DNV GL

HØVIK, Norway -- A majority of senior oil and gas professionals (56%) believe that the industry is repeating the mistakes of previous downturns and have concerns over the loss of jobs and experience and lack of efficiency, according to a new report by DNV GL. More »

PEMEX extends multi-year seismic data processing contract with ION

ION Geophysical has been awarded an extension to its existing multi-year contract with PEMEX. Under this contract, ION is providing a broad range of seismic data processing for multiple offshore and onshore surveys. More »

Superior Drilling Products to supply Baker Hughes with Strider Drill String Oscillation System

Superior Drilling Products (SDP) has reached an agreement to supply the company’s Strider Drill String Oscillation System and related services to Baker Hughes. More »

First continuous-duty frac pump enters Canadian market

Weir Oil and Gas has partnered with Calgary, Alberta-based Canyon Services Group to take its SPM QEM 3000 frac pump to the field. Weir’s SPM QEM 3000 is the industry’s first high-horsepower frac pump designed for continuous-duty pressure pumping operations at a sustained 275,000-lb rod load, 24 hours per day, seven days per week. More »

Norway's Petroleum Safety Authority slams Statoil over Gudrun leak

Norway's Petroleum Safety Authority on Monday slammed oil and gas producer Statoil ASA for serious breaches of regulations after a 2015 leak at Gudrun field in the North Sea More »

Statoil awards NCS helicopter contracts to Bristow

Statoil has awarded Bristow Norway contracts for personnel transportation from Bergen and Florø starting on May 1, 2017. More »