Gardner Denver High Pressure Solutions becomes GD Energy Products
Larry Kerr has been appointed CEO of GD Energy Products.
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Larry Kerr has been appointed CEO of GD Energy Products.
The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected to increase by almost 0.90 million bpd from 4.5 million bpd in 2021 to 5.4 million bpd by 2030.
Shell’s Permian business includes ownership in approximately 225 000 net acres with current production of around 175 000 boe/d.
The combined purchase price and anticipated development capital represents an incremental ~US$450 million commitment to the Eagle Ford for Warwick.
Logan Industries has completed the design, fabrication and delivery of a set of unique safety cages to keep offshore technicians safe while inspecting subsea connectors on BOP stacks while on deck.
The cash and stock transaction is valued at approximately US$788 million.
ExpressFiber is a single-use fibre optic cable that offers accurate, direct subsurface measurements, including cross-well communication.
Suki Gill joins the company with 15-years’ experience under her belt, ranging from hands-on Measurements and Logging while Drilling Engineering, multi-platform integration projects, training and operations management.
Applied Petroleum Technology has ramped up its presence in Houston to support US operators involved with shale oil as well as companies engaged in offshore E&P in the Gulf of Mexico.
The US$508 million transaction includes approximately 25 000 net acres in the Southern Delaware Basin in Texas.
The new company is expected to produce 108 000 to 114 000 boe/d in 2022, with adjusted core earnings between US$750 million and US$800 million.
The combined company will continue as Delmar Systems and as Vryhof.