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Vol. 231 No. 5 |
Apache Corp. has agreed to acquire Devon Energy Corp.’s oil and gas assets on the Gulf of Mexico shelf for $1.05 billion. Apache estimated net proved and probable reserves of 83 million bbl of oil equivalent at year-end 2009. The properties are projected to produce 9,500 bpd of liquid hydrocarbons and 55 MMcfd of gas (net) after closing—the same balance of liquids and natural gas as in Apache’s current worldwide production. Liquid hydrocarbons are expected to contribute more than 70% of the projected revenues from the acquired properties.
Wood Group Wagners Pty Ltd., a new joint venture company, was set up by international energy services company Wood Group and Australia-based Wagners. The new company was established in Brisbane, Austrialia, to provide expertise in developing coal seam methane. The JV combines Wood Group’s global CSM experience with the local supply chain capability of Wagners.
Western Well Tool Inc. has officially changed its name to WWT International Inc. Headquartered in Houston, the company provides non-rotating drillpipe protector services and coiled tubing tractor services to the oil and gas drilling industry.
Boots & Coots Inc. is collaborating with Oklahoma State University (OSU) to establish the Boots & Coots Center for Fire Safety & Pressure Control in OSU’s Fire Protection and Safety Technology department. The center’s purpose is to advance petroleum operations risk management and fire protection through education, training, research and innovation. The curriculum will include a Distinguished Seminar series, the development of a hazard management competency assessment matrix, research of best practices in hazard management, and the development and delivery of a petroleum fire safety and pressure-control certificate program.
ERM, a global provider of environmental, health and safety, risk, and social consulting services, announced the acquisition of IRC, a Houston-based risk consultancy. The acquisition will increase ERM’s business in the upstream oil and gas sector. IRC’s 27 staff members will become part of ERM’s global risk practice. ERM has 137 offices in 39 countries and employs about 3,300 people.
Baker Hughes has opened a new operations center in Dhahran, Saudi Arabia. The 100,000-m2 facility houses laboratories, offices, repair and maintenance operations and the “Beacon Center” remote collaboration facility. The center allows local teams to remotely manage and monitor operations in the region and to collaborate with clients and Baker Hughes’ technology experts anywhere in the world. The company will expand its footprint in Saudi Arabia again next year with construction of a multi-million-dollar research and technology center in the Dhahran Techno-Valley at King Fahd University of Petroleum and Minerals.
Stupp Corp. successfully completed the manufacture, coating, shipment and delivery of 90 miles of 36-in.-OD, X-70 API-5L PSL2 custom steel line pipe. This is the company’s first spiral weld order from its new start-up North American Spiral Weld pipe facility. The $80 million expansion gives the company the ability to produce pipe up to 60-in. OD, up to 1.00 in. in thickness and in grades through X-80.
Flint Energy Services Ltd. has acquired all of the issued shares of PES Surface Inc. (PSI), a subsidiary of Paintearth Energy Services Inc. for about $7.3 million in cash and the assumption of $610,000 debt. PSI is a production equipment fabrication company with a facility located in central Alberta. The facility and workforce will allow Flint to expand its production equipment manufacturing services into Canada.
FMC Technologies Inc. signed an agreement with Total Exploration and Production UK Ltd for the manufacture and supply of subsea production equipment to support Laggan-Tormore Field. The award has a value of about $210 million. Laggan-Tormore is an offshore gas field located in water depths of about 1,950 ft (600 m) west of the Shetland Islands in the North Sea. FMC’s scope of supply includes the manufacture of nine subsea trees, eight wellheads and two six-slot manifolds. FMC will also provide 12 multiphase meters, 10 subsea control modules and associated control systems.
Polarcus Ltd. announced that the seismic vessel Polarcus Naila has entered into production on her first project, offshore Cameroon, West Africa. The contract is a 3D seismic acquisition project for Noble Energy Cameroon Ltd. The survey is being acquired with a 10-streamer seismic array, each streamer being 6,000 m long and with 100-m separation between streamers.
Seismic contractor Compania Latinoamerican S.A. (CGL) has completed a 3D-3C seismic project in Colombia for Ecopetrol utilizing the DSU3-428, an integrated digital sensor system from Sercel. The high-resolution Tenerife survey, located in the east of Colombia near the city of Bucarramanga, called for a dense array of receiver points. CGL deployed a Sercel 428XL system equipped with 4,200 DSU3s in order to meet specifications. CGL has added both the DSU3 and the DSU3-BV, a marsh version of the product, to its equipment pool.
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