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…
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’…
CSA International and EGS Survey Group have formed a new Houston-based joint venture company, EGS Metocean Sound Sciences (MSS), to provide metocean and acoustic monitoring services, including consultancy and the collection of high-quality data to assist in engineering…
Static sealing products manufacturer Flexitallic and sealing technologies and engineered hoses distributor Sealex have centralised their operations in Aberdeen. Both companies are members of the FDS Group.
Houston Plating & Coatings is building an 80,000ft2 facility in Scott, Louisiana. Due for completion in June, the plant will provide a variety of corrosion-protection services including electroless-nickel plating and salt-bath phosphate and spray coatings, primarily for oilfield service machinery.
German steel piping procurement group Kürvers has opened a Johannesburg office, led by regional director Tim Booth, to service the burgeoning Sub-Saharan EPC market.
Omega Completion Technology’s new purposebuilt headquarters and manufacturing facility in Dyce, Aberdeen, was officially opened last month by Scottish First Minister Alex Salmond.
The integrated energy services and production management divisions of Petrofac and Schlumberger, respectively, have signed a co-operation agreement under which they will establish a working relationship to deliver integrated and high-value production…
Raytheon Anschütz is expanding its presence in the US navigation systems market with the startup of operations in San Diego, California. Co-located at an existing Raytheon facility, the office will be headed by Frank Christophersen, newly appointed VP sales USA.
The Society of Petroleum Engineers and Getenergy are working together to bring providers of education, training and national workforce development to their respective global oil and gas industry events under a three-year agreement commencing in June 2012.
Craig Group chairman and managing director Douglas Craig reported ‘steady growth’ in 2011 across all its divisions. The Aberdeen headquartered, family-run shipping and energy services firm reported turnover of £111.9 million (up from £92 million the previous year)…
Building on a record high set in 2011, upstream oil & gas spending in the UK will continue at robust levels in 2012 and beyond, according to research consulting company Wood Mackenzie. In the firm’s annual analysis of the previous year’s UK upstream spending and outlook for the coming months…
Despite some concerns over the global economic outlook, oil & gas industry leaders are expecting improved performance and higher capital expenditures in 2012, according to an annual survey of top industry executives and directors.The study, Big…