The WGP Group has signed a new joint venture agreement with P-Cable 3D Seismic for the commercialisation of its new, patented High Resolution 3D seismic technology. The JV will trade as WGP Survey.
Open markets can be a powerful ally for a world seeking to manage short-term disruptions to energy supply and meet long-term demand, BP group chief executive Bob Dudley declared at the June launch of the BP Statistical Review of World Energy…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide competitive mobile offshore drilling unit (MODU) fleet remains steady at 86%.Although demand for all rig types has grown by 57 rigs over the last twelve months…
Regulatory enhancements prompted by the macondo disaster now require operators to submit a worst-case discharge (WCd) scenario report prior to obtaining a drilling permit in US offshore fields. How to model WCd for offshore wells in compliance…
ABB’s former Commerce Street site in Aberdeen has relocated to Altens to become the group’s UK base for oil & gas, marine and turbocharger service and spare parts as well as strengthening its consultancy organisation. ABB said it planned to…
The new Offshore Technical Committee of ABS held its first meeting in Houston last month, with CTO Todd Grove enthusing afterwards that the class society had ‘made an excellent decision’ in separating the marine and offshore groups to concentrate…
Aker Solutions has agreed to acquire National Petroleum Services’ NPS Energy business unit, which employs approximately 900 people and provides well intervention services in the Middle East and North Africa.
CTC Marine Projects, Trico Offshore and Deep Ocean AS, all subsidiaries of Norway’s DeepOcean Group Holding, have been rebranded DeepOcean. ‘The move is more than a name change,’ said group CEO Bart Heijermans. ‘We will operate as one company…
The new Hydro-Ram yard facility opened by IHC Merwede in Broussard, Louisiana, will also serve as the Dutch group’s North America regional office for the piling markets. The facility will house a large rental fleet, maintenance operation and…
High-performance subsea cables and umbilical systems supplier JDR Cables has completed its £30 million investment in its state-of-theart UK manufacturing plant in Hartlepool (OE September 2009). JDR, the UK’s sole supplier of sub-sea array cable…
A new Goliath gantry crane that will increase yard lifting capacity from 350t to 800t and enable two topside projects to be worked on in parallel is among the big-ticket items in Kvaerner’s planned NKr250 million upgrade of its Stord facilities in Norway…
GE is developing a new oil & gas training facility in Houston at a cost of $10 million. Scheduled to open 4Q 2012, the 50,000ft2 GE Drilling Systems Technology Center ‘will focus on customer, technical and leadership skills aimed to meet…
Maca é MOVE: The latest move in the three-year expansion plan of marine equipment rental and sales specialist Seatronics has been the opening a new office in Macaé. Mark Teles, US and Brazil regional VP, will lead the Brazilian team (pictured).
Houston-based Optimization Petroleum Technologies (OPT) has named DeepDraft Energy as agent to sell and implement OPT’s PEOffice software suite throughout Africa, with an exclusive focus on Nigeria and Ghana.