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Weatherford appointed Karl Blanchard as executive vice president and COO. In this role, Blanchard will oversee region and product line operations; quality, health, safety, security, and environment; sales; engineering, research and development; and supply chain. He has 35 years’ experience in the oilfield services sector, having most recently served as COO for Seventy…

Acteon Group is buying Actuant’s Viking SeaTech business at a steeply discounted price of $12 million compared to the $225 million that Actuant paid in 2013 to acquire the company, and Actuant is buying Acteon’s Mirage for $16 million.

BHP Billiton plans to divest its US onshore assets. The company will continue to complete well trials, acreage swaps, and look into midstream solutions to increase the value, profitability, and marketability of the assets.

Petrofac sold its 50% interest in Petro-SPM Integrated Services to Schlumberger. Petro-SPM operates the Pánuco Integrated Service Contract in Mexico. Schlumberger now owns 100% of Petro-SPM.

Predictive models may help in the estimation of produced water volumes and the optimization of the locations for water recycling and disposal facilities to reduce truck hauling distances.

The company makes good on a pledge to reduce freshwater use and replenish the fresh water it uses.

Libya halted loadings from its biggest oil field in the latest disruption to the nation’s crude production and shipments.

Magnum Oil named Jamie Phillips as its vice president of operations. Phillips brings more than 15 years of experience in engineering, operations, customer service, procurement, logistics, quality assurance, and quality control. He was a general manager at Flowserve and director of service operations at TIW. He also served 4 years as an operations managers at Baker Hug…

Total’s acquisition of Maersk Oil includes holdings in the North Sea Johan Sverdrup and Culzean projects. Total will become the second-largest operator in the northwest Europe offshore region. Maersk’s strategy shifts to its transport and logistics division.

The industry is facing one of the toughest challenges of its lifetime, but exploration and production companies are slowly and steadily adapting to the new changes.