Latest oil wells Stories
HOUSTON, Jan. 3, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has given notice to exercise its purchase option for the remaining 55% of outstanding shares of Schilling Robotics LLC ("Schilling"). The transaction is expected to close on or about March 30, 2012. FMC purchased its existing 45% interest in Schilling and obtained the purchase option in 2008. Schilling is a leading producer of remotely operated vehicles ("ROVs"), ROV manipulator systems,...
SAN ANTONIO, Jan. 3, 2012 /PRNewswire/ -- Pioneer Drilling Company (NYSE Amex: PDC) ("Pioneer") announced today that it has acquired Go-Coil, L.L.C., a Louisiana limited liability company ("Go-Coil") for approximately $110 million in cash. Go-Coil provides coiled tubing services to exploration and production companies operating in the United States onshore and offshore oil and gas markets. Pioneer funded the purchase price from cash on hand. Go-Coil operates a...
To reduce the risk of another accident as catastrophic as the Deepwater Horizon explosion and oil spill, a new report from the National Academy of Engineering and National Research Council says, companies involved in offshore drilling should take a "system safety" approach to anticipating and managing possible dangers at every level of operation -- from ensuring the integrity of wells to designing blowout preventers that function "under all foreseeable conditions." In addition, an enhanced...
HOUSTON, Dec. 12, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a contract with BP (NYSE: BP) for the manufacture and supply of additional subsea equipment for its ongoing deepwater projects offshore Angola. FMC's scope of supply includes four subsea trees, control systems, wellheads, tubing hangers, well jumpers and subsea distribution systems. The equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland...
After the Deepwater Horizon explosion and oil spill in the Gulf of Mexico, the U.S. Department of the Interior asked the National Academy of Engineering and National Research Council to convene a committee of experts to analyze the probable causes of the disaster and identify measures for preventing similar harm in the future. MACONDO WELL-DEEPWATER HORIZON BLOWOUT: LESSONS FOR IMPROVING OFFSHORE DRILLING SAFETY, the committee's final report, analyzes the performance of the technologies and...
HOUSTON, Dec. 7, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with LLOG Exploration Company, LLC, for the design, manufacture and supply of subsea production systems to support its Who Dat project in the U.S. Gulf of Mexico. The award is valued at approximately $40 million in revenue to FMC. FMC's scope of supply includes seven subsea production trees and control systems. The equipment will be supplied from the...
HOUSTON, Dec. 1, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that Maryann T. Seaman, Senior Vice President and Chief Financial Officer, will address attendees at the following event: Event: Capital One Southcoast 6th Annual Energy Conference Omni Royal Orleans Hotel 621 St. Louis Street New Orleans, LA 70140 Wednesday, December 7, at Noon EST Presentation:...
HOUSTON, Dec. 1, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a global alliance agreement with Anadarko Petroleum Corporation (NYSE: APC) to provide subsea systems and life-of-field services for their worldwide subsea development projects. In 1999, FMC supplied equipment for Anadarko's first subsea project, North Garnet, in the Gulf of Mexico. Since then, the companies have collaborated on other projects including Independence...
HOUSTON, Nov. 30, 2011 /PRNewswire/ -- FMC Technologies, Inc (NYSE : FTI) announced today that its Australian subsidiary has signed an agreement with Chevron Australia Pty Ltd for the design, manufacture and supply of subsea production systems to support the Wheatstone Project. The contract has an approximate value of $325 million in revenue to FMC Technologies. The Chevron-operated Wheatstone Project comprises the Wheatstone and Iago gas fields, located offshore Western...
HOUSTON, Nov. 28, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that Maryann T. Seaman, Senior Vice President and Chief Financial Officer, will address attendees at the following event: Event: Jefferies 2011 Global Energy Conference 1919 Briar Oaks Lane Houston, TX 77027 Thursday, December 1, at 11:00 a.m. EST Presentation: Live webcast and accompanying presentation slides will be...
