Total has become a member of the World Ocean Council, joining 40 other companies in in an alliance addressing today’s ocean stewardship challenges and opportunities facing ocean industries.
Scotland’s Weir Group has acquired Novatech, a Dallas, Texas-based and family-owned manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for $176 million.
In a world where two things are certain – death and taxes – Arctic exploration does offer a certain amount of certainty: just a little bit of information can completely alter the way the industry views a specific Arctic area. Industry leaders…
Merger and acquisition activity in the oil & gas industry rebounded in 2010, up 35% over the previous year, Ernst & Young said last month. Global transaction value hit $270 billion last year, up from about $200 billion in 2009, the company said…
The 'Obamatorium' – what Ron Neal, the co-founder and co-owner of Houston Energy calls the continuing de facto drilling moratorium in the Gulf of Mexico – is only one component of the political risk that has arisen in what was once a thriving oil & gas activity center…
In the run up to the Macondo trial, which was to begin in Louisiana late last month, the federal judge hearing the case ruled contracts between well operator BP and its contractors – including Transocean and Halliburton – indemnified the contractors…
A robust mergers & acquisitions market in the latter half of 2011, particularly in midstream, bodes well for deal making in 2012, according to Deloitte's Center for Energy Studies. But world events could throw a wrench into the M&A machine, as Russell McCulley reports…
Oil & gas companies today face a more complex and challenging risk environment than at perhaps any time in the industry’s history. And energy risks for both IOCs and NOCs will grow in size and inter-relatedness over the next several decades…
Barely recognizable from the Gulf of Mexico saturation diving company that emerged from a three-way merger back in 1969, Oceaneering is today in fully fledged dynamic growth mode. In the US, Russell McCulley looks at the company's plans to…
FMC Technologies has signed a definitive agreement to acquire control and automation system solutions provider Control Systems International (CSI). Founded in 1968, CSI is headquartered in Lenexa, Kansas, and has operations in Irvine, California…
National Oilwell Varco is looking to establish a major foothold in the flexible pipe business with the acquisition of Danish manufacturer NKT Flexibles, a joint venture between NKT Holding and Subsea 7 since 1999.The $670 million deal, announced early February…
A rising tide of seismic demand has quite suddenly changed the conversation in the marine seismic community. Andrew McBarnet explains why.It’s amazing sometimes how quickly the clouds can clear. Just a month or two ago marine seismic companies were forecasting another flat year…
ABS concluded its acquisition of Safetec Nordic in January with a signing ceremony in Trondheim. ABS chairman Robert Somerville said the deal was an important step in equipping ABS Consulting to meet increasingly complex offshore challenges.
AGR’s Aberdeen-based consultancy division has doubled its manpower in the Falklands to supply a team to its well management division to work on the Leiv Eiriksson. Following a six-month recruitment drive, the company expected to deploy a 50…
Clover Tool Company recently relocated its world headquarters to a new 10,000ft2 facility in Fulshear, Texas. President and CEO Don Clover said the new facility would ‘enable us to better serve both our specialty bolting and BOP test equipment customers and accommodate future growth’…