Total spending for upstream oil & gas will hit nearly $1.3 trillion this year, led by a robust North American market, according to a new report by IHS.Driven by strong oil prices and the North American unconventional gas boom, global upstream…
Despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favorable deal environment, oil & gas executives are still cautious about engaging in M&A, according to Ernst & Young's sixth Global Capital Confidence Barometer…
The first of several riser replacements for Statoil on the Norwegian continental shelf was successfully completed recently by Emas AMC using the construction vessel AMC Connector. This one took place on Snorre B and the Emas AMC contract…
Temporary power specialist Aggreko has entered into an agreement to acquire the entire share capital of South American fellow traveler Companha Brasileira de Locacoes (‘Poit Energia’) for a cash consideration of £140 million and potentially…
Archer has purchased Aberdeen-based X-it Energy Services, developer and manufacturer of proprietary single-trip milling systems used for casing exits including controlled directional, multilateral and sidetrack drilling.
Produced water and production services specialist Cetco Oilfield Services is investing £1.5million in new equipment for its offshore rental fleet, including two CrudeSep produced water polishing units each capable of processing up to 40,000b/d and two Smart-tank oil water separators…
Equipment at Schlumberger’s new Geoengineering Laboratory in Houston allows scientists to obtain electrical properties for log calibrations at reservoir temperature and pressure. The 30,000ft2 facility enables highly complex core analysis covering permeability…
Dolphin Geophysical has purchased the entire stock of US seismic processing software specialist Open Geophysical. OGI’s newly developed software is already being used on Dolphin’s Polar Duchess for real time quality control of acquired data and in the company’s new London processing centre.
IHC Merwede has opened a new office in Singapore which will serve as the corporate HQ for IHC Offshore & Marine’s Southeast Asia businesses as it further expands its footprint in the area under new regional CEO Denis Welch.
Oceaneering International is investing $5 million in a 30,000ft2 expansion of its facilities in Morgan City, Louisiana.
This state-of-of-the-art umbilical manufacturing plant is to be built by Aker Solutions in Pekan, Malaysia, to meet the anticipated Asia Pacific business growth. Representing a total investment of $60 million, the new facility will complement…
Subsea 7 is considering a potential future spinoff and listing of common shares in Veripos, its wholly-owned indirect subsidiary supplying GNSS positioning solutions for the offshore oil & gas industry.
Superior Energy Services has closed the previously announced sale of its marine services segment, comprising 18 liftboats, to a subsidiary of Seacor Holdings for $134 million plus working capital in a deal facilitated by Simmons & Co International.
Aberdeen-based drilling waste management specialist TWMA has opened a new manufacturing base in Houston on the back of recent contracts for its services from several US operators. Ian Nicolson, the company’s VP Americas, said the facility would…
Ulterra opened a stock point for its matrix and steel body PDC bits in Hammond, Louisiana, last month. Overseen by Rob Smith, and strategically located just 46 miles east of Baton Rouge and 58 miles northwest of New Orleans, the new facility will support Gulf Coast drilling operations.
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