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Last updated on April 21, 2014 at 8:55 EDT

Latest oil wells Stories

2013-04-08 08:23:18

HOUSTON, April 8, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Statoil (NYSE: STO) for additional subsea equipment for the Tyrihans field. The order has an estimated value of $47 million in revenue. The Tyrihans field is located in the Norwegian Sea in water depths of 984 feet (300 meters). This order covers the supply of subsea trees and choke modules and is scheduled for delivery in 2014. "FMC Technologies has been...

2013-04-03 08:23:02

HOUSTON, April 3, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Statoil (NYSE: STO) for subsea equipment for the Smorbukk South Extension Project. The order has an estimated value of $96 million in revenue. FMC Technologies' scope of supply includes subsea trees, wellheads, a manifold, control systems and other associated equipment. Smorbukk South is part of the Asgard development in the Norwegian Sea, and the award is the third...

2013-03-27 08:23:27

HOUSTON, March 27, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Petrobras (NYSE: PBR, PBRA) for the supply of the first subsea manifold systems for its pre-salt fields, located offshore Brazil. The value of the contract is approximately $130 million in revenue. This initial award includes three manifolds, tools, spare parts and system integration with subsea controls. The manifolds will be designed with retrievable injection...

2013-03-26 16:23:21

HOUSTON, March 26, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a renewed Framework Agreement with Statoil (NYSE: STO) to provide subsea operations services for its developments on the Norwegian Continental Shelf. The duration of the agreement is five years with options for three additional three-year extensions. Under the terms of the agreement, previously announced by Statoil, FMC Technologies will continue to provide installation services,...

2013-03-21 08:24:42

HOUSTON, March 21, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received a subsea equipment order from LLOG Exploration Company, LLC (LLOG Exploration) for the Who Dat field. The order has an estimated value of $30 million in revenue. The project is located in the Gulf of Mexico Mississippi Canyon Block 503 in water depths of approximately 3200 feet (975 meters). FMC Technologies' scope of supply includes subsea trees, a subsea manifold,...

2013-03-20 08:21:38

HOUSTON, March 20, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a five-year agreement with Tullow Ghana Ltd. to provide subsea services for its developments in the Jubilee field. Under the terms of the agreement, FMC Technologies will support Tullow Ghana's completions and production operations for the Jubilee field from its Subsea Service Base in Takoradi, Ghana. FMC Technologies will provide offshore and onshore technical services, including...

2013-03-14 08:24:25

HOUSTON, March 14, 2013 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced that it has received an order in excess of $1.3 million for the design and manufacture of reels and cradles for a deepwater project in the Gulf of Mexico. As part of the order, Deep Down will trans-spool the customer's product onto the reels prior to final...

2013-03-12 08:23:40

HOUSTON, March 12, 2013 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has signed a three (3)-year frame agreement, with optional one (1)-year extensions, with a major international OEM for the purchase of goods and services, including the manufacture of steel tube flying leads. The first order Deep Down received under this...

2013-03-11 12:21:08

NEW YORK, March 11, 2013 /PRNewswire/ -- CN Resources Inc. (OTCQB: CNRR) ('CN Resources' or the 'Company" or 'CNRR'), a Nevada Corporation, is pleased to announce that on March 8, 2013, the Company spudded its first of the two offset oil wells in Alberta, Canada. CNRR has 50% equity working interest in the two offset oil wells in 55-20W4 area of Alberta, Canada. The first well is offsetting a current producing well that has been producing since September 1995, and is presently producing...

2013-03-05 12:23:40

SALT LAKE CITY, March 5, 2013 /PRNewswire/ -- Boart Longyear (www.BoartLongyear.com - ASX: BLY), the world's leading integrated exploration drilling services, equipment and performance tooling provider, is introducing the Quick Descent(TM) Roller Latch(TM) to the surface drilling market to decrease wireline trip time by up to 50 percent and increase the bottom line for drilling contractors. The Quick Descent Roller Latch decreases the time it takes to retrieve core samples and...