TechnipFMC to Buy Plexus Jackup Business (Friday, 20 October 2017)

TechnipFMC has agreed to acquire Plexus Holding's Wellhead exploration equipment and services business for jackup applications - the Jack-up Business - for up to US$56 million (£42.5 million).

Plexus will initially receive $19.7 million, with a further up to $36.2 million dependent on the future performance of the Jack-up Business during a three-year earn-out period.

TechnipFMC says ...

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Oil Shows Weakness, But Don’t Expect A Plunge

Oil seems to have found a relative bottom after the declines over the past few weeks, with WTI firming up at the $50-per-barrel level. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)Friday, October 20, 2017 Tension in the Middle East, combined with growing confidence in the likelihood ...


Energy Regulators Look To Guard Grid From Cyberattacks

The Federal Energy Regulatory Commission (FERC) has set its sights on making the less important parts of the national grid safer against hackers, and has proposed a set of controls to address the growing threat of cyberattacks. Specifically, the agency aims to install mandatory controls to tackle the risks inherent in the use of mobile devices such as laptops and ...


Mexico Says OPEC Has Not Approached It For Deal Extension

OPEC has not yet approached Mexico to discuss the possibility of extending the oil production cut deal sealed last November, Mexico’s deputy energy minister Aldo Flores told Reuters. Mexico was one of the ten non-OPEC producers that agreed to join the cut in December 2016. Yesterday, OPEC’s Secretary General Mohammad Barkindo told reporters at the Oil & Money conference in ...


USA – Stamford, Connecticut: principal negotiator asset optimisation MMP (218685), Marketing & Supply

The principle negotiator function is a support role to the AM MNA Asset Managers in developing midstream solutions that strategically align Statoil within the commercial value chain with the following responsibilities:

Development of strategic, competitive and optimal mid- and downstream solutions and identify market opportunities with positive impact for the portfolio of assets

Prepare and execute negotiations with 3rd party ...

Source: Statoil - Vacant positions

Rig Count Plunge Set To Boost Oil & Gas Prices

The number of active oil and gas rigs in the United States took a steep dive this week, dipping 15 rigs—the third straight weekly loss. The total oil and gas rig count in the United States now stands at 913 rigs, up 360 rigs from the year prior, with the number of oil rigs in the United States decreasing by ...


New Video Game Targets Oil Infrastructure

Have you ever wanted to blow up an oil pipeline? Well soon you, too, can blow up stuff—virtually, that is—in a new game called Thunderbird Strike, created by indigenous game developer and assistant professor at Michigan State University, Dr. Elizabeth LaPensee. In the new side-scrolling game which will make its debut at the ImagineNative festival this week and available to ...