LONDON--(BUSINESS WIRE)--The Global Well Intervention Services, Procurement, Construction Management Industry is poised to experience spend growth of more than USD 3 billion between 2019-2024 at a ...

OneSubsea™, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop ...

Downhole intervention on deepwater subsea oilwells is set for a step-change with the arrival of a new specialist vessel from Norway’s Aker Solutions. Following sea trials West of Shetland, the ...

The global well intervention services market is highly reliant on the upstream oil and gas industry and the related crude oil prices. The rise in global oil and gas consumption has been a major driver ...

Well intervention spending is projected to increase by 20% in 2023, a trend expected to surge in the upcoming years as efficiency becomes a primary focus in the industry. The intervention rate is ...

Wireline International has secured a contract worth up to $3.1/£1.9million for the supply of its patented Roller Bogie wireline conveyance tools to Mexican state-owned petroleum company PEMEX. The ...

Looking ahead, the alliance strategy remains firm: to transform offshore well intervention and stimulation. Over the next five years, the partners aim to continue delivering top-quartile performance ...

HOUSTON--(BUSINESS WIRE)-- Expro (NYSE: XPRO), a leading provider of energy services, today announced it had entered into a definitive agreement (subject to customary closing conditions and working ...

Coiled tubing enables rigless, live-well access to mechanically, chemically, or hydraulically intervene in wells to restore/optimize inflow, clean and repair completion hardware, place treatments ...

HOUSTON--(BUSINESS WIRE)-- Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce new three-year vessel charter and service contracts with Petróleo Brasileiro S.A. (“Petrobras”) for the ...

The rewards are huge, however. According to the Norwegian Petroleum Directorate, conventional subsea wells extract eight percentage points less oil than regular wells. The 17 subsea fields on the ...

Coiled tubing (CT) is a continuous, spoolable steel or composite tube used to perform live-well interventions without killing the well, enabling fluid pumping, mechanical work, and tool conveyance ...