Well Stimulation Services News

National Energy Services Reunited (NESR), a provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions, has been awarded contracts worth US$660 million by Saudi Aramco for coiled tubing, stimulation and cementing services for a five year period.The contract is with the National Petroleum Technology Company, a subsidiary of NESR, for coiled tubing and N2, stimulation services and cementing services for a period of five years with possible extensions of up to two years.Mohammed Y. Al-Qahtani, senior vice president for upstream, Saudi Aramco, said: “NESR is a key partner for Saudi Aramco, and we are very pleased to see National Petroleum Technology Company…

Halliburton has signed an agreement with the SPT Energy Group Inc. affiliate, Petrotech (Xinjiang) Engineering Co., Ltd., to establish a joint venture company focused on hydraulic fracturing and production enhancement services in Xinjiang, China. The new company, Xinjiang HDTD Oilfield Services Co. Ltd., will provide fracture stimulation services, including design and analysis, data acquisition, and pumping and chemical services in the Xinjiang Uygur Autonomous Region. This is Halliburton’s first joint venture for hydraulic fracturing services in China. A ceremony was held on Wednesday at the China World Hotel in Beijing to celebrate the establishment of Xinjiang HDTD Oilfield Services Co., Ltd.

Chairman, President and Chief Executive Officer, Hornbeck Offshore Services, Inc. While this month’s selection for our INSIGHTS feature needs no introduction to maritime and energy insiders everywhere, Todd Hornbeck’s professional journey is worth pausing to reflect upon. Hornbeck, Chairman, President and Chief Executive Officer of Hornbeck Offshore Services, Inc. (NYSE:HOS), founded the company in 1997. Until 2002 Mr. Hornbeck served as the President and Secretary of the company, when he was appointed Chief Executive Officer and then, Chairman of the Board in 2005.

More than $335 billion worth of expenditure is expected over the next five years on offshore oil & gas operations & maintenance (O&M), according to a new report, The World Offshore Operations & Maintenance Market Forecast 2012-2016, by Douglas-Westwood (DW). Growth of 8% in expenditure is forecast annually 2012-2016, with O&M markets considerably less vulnerable to downturn than their capital-led counterparts. The underlying driver for all activity, both onshore and offshore, is the growth in global energy demand which…

Baker Hughes announced that its subsidiary has chartered a new state-of-the-art pressure pumping vessel that will provide offshore stimulation services to Maersk Oil in the North Sea. Upon completion, scheduled for late 2013, the Blue Orca™ will become the eighth vessel in the Baker Hughes fleet. The Blue Orca will be rated to 15,000 psi and will offer among the largest fluid and proppant carrying capacities in the world. It will provide 15,000 hydraulic horsepower pumping capacity and the ability to pump at rates well in excess of 60 bpm. Engineering work on the marine and stimulation systems has already begun. "Stimulation of long horizontal wells is one of Maersk Oil's key technologies and vital for economic development of our tight chalk reservoirs…

Hornbeck-Leevac Marine Services, Inc., announced that it has taken delivery of its first 265-ft. class deepwater offshore supply vessel, the BJ Blue Ray, which immediate commenced service under a 5-year time charter with BJ services to support well stimulation services, primarily in the Gulf of Mexico. Three additional 265-ft. class offshore vessels are under construction for delivery in 2002. Hornbeck-Leevac also announces the purchase of the M/V W.K. McWilliams, Jr. from Freeport-McMoRan Sulphur LLC for an undisclosed amount. The vessel, to be renamed the “Energy Service 9001,” is a 402-ft. self-propelled unit built in 1992 and historically used by Freeport-McMoRan in the transportation of molten sulphur.

The Oil and Natural Gas Corporation of India has contracted with Elliott Bay Design Group to provide consultancy for the design, construction and delivery of a 110m x 19m x 9.25m well stimulation vessel. The function of the vessel is to provide well stimulation services in open ocean environments, primarily in the Arabian Sea offshore India. The overriding requirement is for a ship which can perform advanced offshore well stimulation operations while under redundant Dynamic Positioning (DP Class 2) functions within international regulations, International Association of Classification Society, Indian Registry of Shipping and Directorate of General Shipping certification.