The era of the oil & gas industry is not over. Predictions for global energy demand can’t be met without an increasing utilization of petroleum recourses. And when many thought our industry was in decline, elephant discoveries in the North Sea…
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…
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…