Operators are squeezing the service sector as hard as they ever have and it's starting to squeal back, according to company leaders.
Oilfield services specialist Expro has completed a plug and abandonment (P&A) project in the Gulf of Mexico (GoM) for Apache.
Oilfield services company Expro, has secured a new framework agreement with Statoil to provide equipment for the Norwegian Continental Shelf.
International oilfield services firm Expro yesterday announced the appointment of a new chief executive to replace Charles Woodburn, who will leave in April. Aberdeen and Reading-based Expro has promoted Mike Jardon, 46, from within its own ranks to fill the void created by Mr Woodburn’s departure. Mr Jardon, who joined Expro in 2011 as chief operating officer, is expected to remain in Houston in his new job.
Expro are currently collecting real-time data to support production optimisation from brownfield wells using their non-intrusive wellhead surveillance technology.
Total managing director Elisbeth Proust has joined the board of industry body Oil & Gas UK as part of a shake up of members.
Investors who urged U.S. integrated oil companies to spin off their weaker refining arms got it right in an unexpected way.
Despite the challenges that the industry is currently facing in relation to the current commodity price, we have continued to see a steady stream of visitors to what remains the largest oil and gas event in Europe. I’ve always been impressed by what there is to see at Offshore Europe, showing in so many ways the breadth and depths, quite literally, that our industry goes to in order to innovate, push new boundaries and find new solutions. I am pleased that this year’s conference and exhibition has upheld that tradition.
Engineers who embarked on their career only a few years ago have been inspiring the next generation of industry leaders at this year's Offshore Europe, in the first programme of its kind at the event. School children from academies including St Machar in Aberdeen and the secondary school in Montrose were invited along to speak and hear from oil and gas professionals about their careers in the sector. Energy Voice spoke to two pupils, 17-year-old Alexander Smith and 16-year-old Courtney Thomson, who are both looking to pave their way into the industry.
An oil firm has announced it is reviewing the bonus provision of 200 offshore workers. Expro is carrying out the review as a result of the ongoing oil price downturn. An Expro spokeswoman said: “The company has communicated with employees to explain the reason for this difficult decision, which is in direct response to the current tough operating environment.
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Oilfield services giant Expro International confirmed it has shelved a potential £3billion IPO of the business as it revealed it raised £225million of new equity from existing shareholders.
Expro has landed a $100million three-year deal with Tullow Oil.
Expro has won a $200million contract from Statoil to provide well testing and fluid sampling services in the Norwegian Continental Shelf (NCS). The agreement which started this month, will last an initial four years, with options to extend for a further six years. It will include the provision of downhole tools, gauges, tubing, surface well testing, rig cooling and subsea services.