Lufkin Industries has agreed to acquire Zenith Oilfield Technology. Zenith, based in Aberdeen, specializes in downhole data monitoring and analysis technology and related completion products for the oilfield artificial lift market (OE September 2011).
The focus on Latin American deepwater activity naturally gravitates to the headline-grabbing pre-salt region offshore Brazil. But other areas in Latin American deep waters are worth noting, as Jennifer Pallanich explains.Petrobras' discovery…
As an indicator of the health of the oil & gas industry, attendance at May's Offshore Technology Conference in Houston suggests that recovery from the global recession is well underway. OE looks back over some of the sights and sounds of OTC 2011…
A decade after acquiring Kvaerner, Aker Solutions is preparing a demerger that will spin the company off as a separate, fully fledged EPC contractor – with concrete gravity base structures (GBS) very much on its agenda.Legacy company Norwegian…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.com Worldwide utilization for the mobile offshore drilling fleet has averaged 74% over the last two months. Of late the global utilization rates…
Subsea installation of the world's largest test facility for wave energy technology was imminent as OE went to press, with the loading of the UK South West Regional Development Agency's pioneering Wave Hub and its 25km power cable onto a cable…
Macondo mattersSir, OE's article by Ian Fitzsimmons on preventing future Macondo spills [‘Macondo and other titanic struggles', OE July] was excellent and I distributed a copy to my colleagues both in EIA and DOE. The recommendations made…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at about 74%, within the tight 74%-76% band it has seen for the past 10 months…
Around 73,000 attendees packed this year’s OTC in Houston, nearly 5000 more than last year. But the still-unfolding Deepwater Horizon drama in the Gulf of Mexico kept the usual celebratory mood at bay, writes Russell McCulley.--It wasn’t exactly…
Zierikzee-based Noordhoek Offshore recently took delivery of its new diving support vessel, the DP2 Noordhoek Constructor, from the Niigata Yard in Japan. Specifically designed for diving operations in the harsh North Sea environment, the new…
SUBSEA CONNECTION: The Aberdeen-based Hydro Group has secured a £500,000 contract from JDR Cable Systems to provide a new high voltage subsea connector for the UK's pioneering Wave Hub wave and tidal energy infrastructure project.--Being developed by the South West Regional Development Agency…
With the offshore wind sector already garnering government support and increasingly piquing the interest of the private sector, the banking sector will become progressively more involved in this industry as installed capacity grows and market share increases…
In a development that could have far-reaching implications for oil & gas operators in the deepwater Gulf of Mexico, researchers last month released the findings of a two-year study that could help scientists better predict the behavior of the region’s powerful loop current and its eddies…
While a nationwide freeze and the world’s biggest windfarm licensing round hogged Britain’s headlines last month, Oil & Gas UK energy policy manager David Odling issued a timely reminder of the need to bolster indigenous gas production.Calling…
Two very different reactions were apparent in the latest Schlumberger Business Consulting’s annual benchmark survey of oil and gas engineer recruitment, unveiled in Paris at the energy sector management consultant’s human resources summit for energy leaders from some 60 companies…