Latest oil wells Stories
HOUSTON, April 25, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Hibernia Management and Development Company Ltd. (HMDC) to manufacture and supply subsea systems for the Hibernia Southern Extension Project. The Hibernia Southern Extension Project is an expansion of the Hibernia field, located on the Grand Banks, approximately 200 miles (315 kilometers) southeast of St. John's, Newfoundland and Labrador. FMC's scope of supply...
BP is suing the owner of the oil rig that exploded in the Gulf of Mexico last year for $40 billion in damages. BP said safety systems on Transocean's Deepwater Horizon rig had failed. The company claimed in a statement that Swiss-based company Transocean "missed critical signs that hydrocarbons were flowing up the riser and failed to take appropriate actions.""As the owner and operator of the Deepwater Horizon rig, Transocean is a 'responsible party' under the Oil Pollution Act...
AUSTIN, Texas, April 14, 2011 /PRNewswire/ -- Imperial Resources, Inc.(OTCBB: IPRC) today is pleased to announce that its wholly owned subsidiary, Imperial Oil & Gas, Inc. (together the "Company", "Imperial") has completed surface preparations for re-entering at the Nunnelly #1 well. Surface preparation work required at Nunnelly #1 has been completed successfully. The bend/kink in the near surface section of the casing has been removed, a replacement section was welded on and a new well...
HOUSTON, March 28, 2011 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that it has been awarded a contract by Chevron U.S.A. Inc. to supply drilling equipment for the Big Foot Tension Leg Platform (TLP) to be installed in the Big Foot field located in the Walker Ridge area of the Gulf of Mexico. Dril-Quip will provide subsea wellhead equipment and specialty connectors and tubulars for the Big Foot TLP. Dril-Quip is a leading manufacturer of highly engineered offshore...
A study released today states that a stuck pipe was to blame for last year's worst-ever oil spill as it impeded a system in place on the BP well to prevent pollution into the Gulf of Mexico. The U.S. Department of Interior and Department of Homeland Security performed a forensic test and called for engineers to take a new look at design to prevent future accidents. Det Norske Veritas, a Norwegian company that maintains construction standards and performed the study, pointed to problems in the...
HOUSTON, March 23, 2011 /PRNewswire/ -- Blast Energy Services, Inc. ("Blast") (OTC Bulletin Board: BESV) announced today that the Solimar Energy 76-3 well in the Guijarral Hills Field Area located in Fresno County, California has reached its total drilling depth of 10,550 feet. Upon reaching total depth, a series of wireline log evaluations were conducted which indicated the presence of at least four potentially commercial reservoir sands that are expected to undergo further testing....
HOUSTON, March 23, 2011 /PRNewswire/ -- Global Industries, Ltd. (Nasdaq: GLBL) announced today that it has been awarded a project from LLOG Deepwater Development Company, L.L.C. for the installation of a deepwater subsea development in the Gulf of Mexico. The project, which will take place in Blocks MC 503/547, is located in 3,000 FSW and is scheduled to begin in May. The project includes the installation of 19 miles of 10-inch export oil pipeline, 17 miles of 14-inch gas pipeline, 10...
HOUSTON, March 16, 2011 /PRNewswire/ -- Dune Energy, Inc. (OTC Bulletin Board: DUNR) today announced it has set casing at 13,062 feet on its 100% working interest SL 214 #916 well (S Prospect) at Garden Island Bay Field, Plaquemines Parish, Louisiana. The well was drilled to a total depth of 13,078 feet and 5-inch casing has been run to 13,062 feet. The well encountered a 6-foot pay zone (by log analysis) at 12,504 feet on water and an approximately 24-foot zone at 12,708 feet....
HOUSTON, March 2, 2011 /PRNewswire/ -- FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil's national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame agreement that was announced in February of 2010. Equipment deliveries are scheduled to begin in 2013. "We have been a key supplier...
HOUSTON, March 1, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a five-year global frame agreement with BP to provide subsea production systems and life-of-field services for their worldwide subsea development projects. "We have a strong relationship with BP and have supported a number of their projects in the world's most active deepwater basins," said John Gremp, President and Chief Executive Officer of FMC Technologies. "This includes...
