Rates for offshore rigs improved and the amount of downtime fell between April and June, helping to buoy offshore drilling contractor Noble Corp. to higher-than-expected profits.
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Williams Pacific Connector Gas Operator LLC, acting as the engineering, procurement and construction management contractor on behalf of Pacific Connector Gas Pipeline LP asked the Federal Energy Regulatory Commission for authorization to construct and operate the Pacific Connector Pipeline, a proposed interstate natural gas transmission system designed to deliver up to 1,060,000 Dth/d of natural gas from interconnects with Ruby Pipeline LLC and Gas Transmission Northwest LLC near Malin, OR, to the Jordan Cove LNG export terminal being developed by Jordan Cove Energy Project LP. In late May Jordan Cove, an affiliate of Calgary-based Veresen Inc., filed an application with FERC to construct the liquefied natural gas export facility on the West Coast within the international Port of Coos Bay, OR (see Daily GPI, May 23).
Offshore drilling contractor Noble Corp. executives said Thursday the U.S. Gulf of Mexico (GOM) deepwater market is poised to grow “substantially” in the coming years, as exploration and production (E&P) companies develop a portfolio of highly touted prospects.
Offshore drilling contractor Noble Corp. executives said last week the U.S. Gulf of Mexico (GOM) deepwater market is poised to grow “substantially” in the coming years, as exploration and production (E&P) companies develop a portfolio of highly touted prospects.
Ten years ago the Permian Basin, first drilled nearly a century ago, was considered passe for oil and gas exploration. Today, however, a new generation of explorers and midstream operators has made the basin one of the hottest tickets on the reservoir circuit and there are no signs that the lights will be dimming anytime soon.
Executives at drilling and pressure pumping contractor Patterson-UTI Energy Inc. have experienced a seasonal slowdown in the northeastern U.S. energy patch, they told financial analysts during an earnings conference call.
Windsor Energy Corp. has found itself on shaky ground in New Brunswick after it allowed a contractor to conduct seismic testing in a town without its consent, violating the province’s Oil and Natural Gas Act.
Well servicing contractor Key Energy Services Inc. has agreed to acquire Edge Oilfield Services LLC and Summit Oilfield Services LLC for $300 million in stock and cash, plus reimbursement of up to $40 million of capital spending in the Eagle Ford Shale. Edge primarily rents hydraulic fracturing stack equipment. It also provides well testing services, rental equipment such as pumps and power swivels, and oilfield fishing services. Closing is expected during this quarter subject to customary conditions.