Staffing shortages are creating project delays at a majority of large oil & gas companies, according to new data released by management consultancy Schlumberger Business Consulting.The much-discussed ‘big crew change' – the retirement of geoscientists…
Aker Solutions is strengthening its presence in northern Norway with the acquisition of Sandnessjøen Engineering, which has for 20 years supplied engineering and project management services to the oil & gas and construction industries in the Sandnessjøen area…
The solutions group of Crowley Maritime and PB Towage, part of the Pacific Basin Shipping group, have formed a business alliance that combines their respective services and regional positioning to collectively broaden their project management…
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…
Petrofac has acquired KW, a UK-based high-end subsea pipeline consulting and engineering services business with offices in Woking and Aberdeen.
Newcastle-based umbilical systems supplier Duco landed the top honour – subsea company of the year – at the Subsea UK annual awards dinner in Aberdeen last month. The company has seen turnover increase year on year with over £100 million in new contracts awarded in 2011 alone…
Norwegian technical ship and rig management services provider Star Information Systems (SIS) is establishing a permanent base in Rio de Janeiro, headed by Hans-Kristian Fjaerem. SIS customers operating in Brazil’s burgeoning offshore sector include Teekay Petrojarl…
Tenaris and CRC-Evans have entered into a commercial agreement to offer an integral package of tubular line pipe and welding technologies for offshore operations. The deal follows the technical cooperation agreement signed early last year, which…
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…
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