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The North Sea field, which holds an estimated 300 million BOE in recoverable resources, is now scheduled to start production in early 2020. Operator Equinor said the timeline was based on its assessment of the remaining scope of work on the project.

Eni plans to buy a portion of BP’s interest in Libya’s Ghadames and Sirt Basins in an effort to relaunch exploration activity there next year.

The merger of Ensco and Rowan creates a company with growing cash flow from the biggest fleet of jackup rigs, and growth potential as deepwater drilling comes back.

The Port Fourchon, Louisiana, facility will serve as the base for the company’s operations in the area. Its subsea services group has performed multiple hydrate remediation projects in the US Gulf of Mexico since its formation.

The union marks the first time an international company has taken a direct equity stake in one of ADNOC’s service companies. BHGE will expand its presence in UAE, while ADNOC will gain access to BHGE technological expertise and proprietary equipment.

Fast-declining, older, unconventional oil wells require artificial lift experts to deal with and explore a population of miles-long horizontal wells that do not follow the established rules of thumb.

Cuadrilla Resources will test the two wells over the next 6 months to determine how much gas it can initially recover from the Bowland Shale.

Maersk Decom, a joint venture decommissioning company, has appointed Jacob Halberg to its CFO position. Halberg had previously held various leadership positions in finance at Novo Nordisk Engineering, IBM, and Maersk Data. Halberg has 17 years of experience in corporate finance and holds an MSc in economics from the University of Southern Denmark.

Saipem named Stefano Cavacini CFO, effective 15 November. Cavacini has more than 18 years of experience in finance, administration, and IT at various multinational groups in the industrial sector. He has been the CFO of Esaote since June 2015. Prior to that, he worked at Indesit, serving as CFO and group planning and control director 2011 to 2015. Cavacini joined Inde…

i-Tech Services’ mini ROVs are quick to deploy and can be transported to a site via helicopter or airline carrier. The vehicles have high maneuverability and power-to-weight ratio, allowing them to carry small tools and manipulators for operating effectively in strong currents. They are also suited for rapid mobilization and manual deployment from any platform, FPSO, …

The Federal Reserve Bank of Dallas’ quarterly survey of operators and service companies shows an industry still confident in its near-term growth prospects. However, concerns remain about a number of issues, ranging from the steel tariffs to crude oil price differentials in the Permian.

Fracturing two or more wells at the same time creates connections. While fracturing fluids reach out further, those ties create a stronger link, though not forever.