The governments of Nova Scotia and Canada have opened closed, competitive bidding for exploration licenses to six blocks off the province, officials reported at an Offshore Technology Conference press briefing. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices each drop more than $1/bbl
The light, sweet crude price for June delivery fell by more than $1/bbl on the New York market May 2 while Brent crude oil price for July delivery fell by more than $1.50/bbl on the London market. Source: News
EQT to acquire Statoil-operated Marcellus acreage for $407 million
EQT Corp., Pittsburgh, has agreed to acquire 62,500 net acres and current production of 50 MMcfd of natural gas equivalent in the Marcellus shale from Statoil USA Onshore Properties Inc. for $407 million. The deal is expected to close on or about July 8. Source: News
Youngblood joins Diamond Offshore as senior vice-president, CFO
Kelly Youngblood has been appointed senior vice-president and chief financial officer of Diamond Offshore Drilling Inc., effective May 3. He succeeds Gary T. Krenek, who is retiring after 33 years of service to the company and its predecessors. Source: News
Shahab joins William Jacob as engineering manager
Muhammad Shahab has joined William Jacob Management Inc., Houston, as engineering manager. In addition to overseeing all aspects of project engineering, he will coordinate growth for the firm’s three divisions, Drilling Facilities Engineering, Process Facilities Engineering, and Marine Facilities Engineering. Source: News
Schwedland named CEO of Weir-MTU venture
Douglas Schwedland has been named chief executive officer of EPIX, a joint venture of Weir Oil & Gas, a provider of pressure-pumping equipment, and MTU, a subsidiary of Rolls-Royce Power Systems. EPIX will provide an integrated system for hydraulic fracturing. Source: News
Lewis joins Amec Foster Wheeler as CEO
Jonathan Lewis has been named chief executive officer of Amec Foster Wheeler PLC. He joins the company from Halliburton Co., where he has been senior vice-president and a member of the executive committee. Source: News
Esson named Decom North Sea chief executive
Roger Esson has been named chief executive of Decom North Sea, Aberdeen, a group representing the offshore decommissioning industry. Source: News
State law pre-empts local fracing bans, Colorado Supreme Court rules
The Colorado Supreme Court overturned statutes that ban hydraulic fracturing in two communities along the state’s populous Front Range because they conflict with state law that authorizes the technology’s use. Source: News
National Academies issue remote real-time offshore monitoring report
A new National Academies of Sciences, Engineering, and Medicine report recommends ways the US Bureau of Safety and Environmental Enforcement could apply remote real-time monitoring (RRTM) to improve the safety and reduce the environmental risks of offshore oil and gas operations. Source: News