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The average project loses 22% expected net present value at authorization, and only 60% of projects meet all their business objectives once they are completed. Executives can do a lot to increase capital project effectiveness by being committed to the stage-gate process.

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.

The TWP3 from Bell Technologies delivers quantifiable measurement of multiphase drilling fluids. By tapping the center of the device throat, the primary flow element produces a single averaged pressure point from four quadrants to equal the most accurate volume on any combination of flows. It is particularly suited to measuring multiphase volumetric flowrates for well…

Ted Curley was named chief development officer at Aquabotix Technology. Curley has more than 25 years of experience in sales and marketing for the unmanned underwater industry. Most recently, he was director of sales–vehicles at Teledyne Marine, where he led the direct sales team and negotiated contracts with commercial and governmental agencies. Previous, he served a…

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…

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.

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.

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

Rockwell Automation’s Luis Gamboa explains his company’s new solution designed to allow operators to collect, sort, and reconcile the quality and quantity of data from multiple sources to optimize field data.

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…