Germany's Lufthansa continues to beef up its international oil & gas routes with the launch of Airbus A380 service between Houston and the company's Frankfurt hub. Russell McCulley was invited along for the inaugural flight.Lufthansa flight 440 departed Frankfurt Airport 1 August…
Ocean Riser Systems has joined forces with Enhanced Drilling Solutions, a division of AGR Group, to form AGR EDS-ORS. The move follows AGR’s agreement to purchase the entire shareholding in ORS, subject to financing and board approvals. The transaction was expected to complete in late August…
Aker Solutions has acquired two Norwegian companies, Subsea House and SSH Engineering, from Subsea Holding. The deal, due to complete in 3Q 2012, includes a subsea test facility for subsea products, systems and tools.
Bredero Shaw bagged its second contract for the Inpex/Total Ichthys LNG project in Australia. Awarded by McDermott and worth over $100 million, it calls for pipeline coating and related services for the project’s flowlines and tie-in spools.
The Canadian government, through the Atlantic Innovation Fund, kicked in C$3.2 million to help fund an $8.5 million oil & gas industry research project to improve DP operations in ice. Led by the Centre for Marine Simulation (CMS), the five…
EnerMech has opened an office in Mumbai, India, and will follow up later in the year with a workshop and storage facility in Kakinada, Andra Pradesh, to serve its process, pipeline and umbilicals, cranes and lifting, engineering and valves divisions.
Enteq Upstream has acquired KM Services and Pro-Flow Fabrication Technologies and will rebrand them Enteq KMS. The two companies, both based in Houston, supply machined and fabricated parts and products for directional drilling, mud motor and measurementwhile-drilling equipment…
Rental equipment provider Ferguson Group has set up a new company near its port and storage yard in Jebel Ali, Dubai, to support its range of offshore and refrigerated containers plus accommodation units and workspace modules in the Middle East.
Fugro-TSM Asia Pacific has been awarded a five-year life of field support contract in Malaysia from Murphy Oil worth in excess of $140 million. Project management and engineering will be spread between the Fugro-TSM offices in Malaysia and Singapore.
Drill rig manufacturer Integrated Drilling Equipment (IDE) has acquired drilling control and automation specialist S&P Drives Automation Controls and rebranded it International Electric Company Automation & Controls. IDE chief executive Steve…
Oil & gas IT solutions provider Merrick has established a wholly owned subsidiary in Oslo, branded Merrick Norway.
Oil and gas field developments up to 2017 in the dynamic Norwegian, Barents and Baltic Sea areas are captured in a new mapping product from Infield Systems. To be launched with free distribution from the Infield stand (J-1060) during Stavanger’s ONS show 28-31 August…
High demand for goods and services helped push up building and operating costs for upstream oil & gas facilities over the six-month period covering 3Q 2011 to 1Q 2012, according to two IHS cost indexes. The IHS Upstream Capital Cost index rose 2…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comMaking a strong showing during the second half of 2012, North Sea utilization rates are leading the way with a 96% average.The worldwide competitive…
Overall, total capital investment on developing UK oil & gas reserves rose by 40% to £8.5 billion in 2011, according to Oil & Gas UK's 2012 Economic Report. Confirmation in the 2012 UK Budget of measures to promote activity in a targeted way…