Steve Cossé has stepped up from EVP to president and CEO of Murphy Oil following the retirement of David Wood. Roger Jenkins, Murphy’s EVP for exploration & production since 2009 and a key figure in its development of the deepwater Kikeh field offshore Malaysia…
Former Saipem COO Yves Inbona joined Petrofac on 10 June as MD of its Offshore Capital Projects (OCP) business, a newly created unit within the group’s Engineering, Construction, Operations & Maintenance (ECOM) division.
Apax Partners in conjunction with JMI Equity have agreed to acquire oil & gas focused software vendor Paradigm for around $1 billion in an all-cash transaction. Simmons & Co International advised Apax.
Having consolidated all its coring activities under the one brand and under the stewardship of Doug Kinsella, the Reservoir Group is now billing Corpro as the world’s largest coring provider. Corpro was in the group’s original line-up when it was created five years ago…
IHS has opened a new 25,000ft2 facility in Houston dedicated to the secure transformation of hard copy E&P records – well files, paper logs, maps, seismic sections, legal documents and the like – into proprietary, globally available, unlimited access…
Liquid Robotics and Schlumberger have created Liquid Robotics Oil & Gas, a 50:50 joint venture tasked with developing services for the oil & gas industry using Liquid Robotics’ wave-powered, autonomous marine vehicles, which can operate offshore for up to a year without crew…
Penspen plans to open an office in Mexico City, its third base in Mexico after Ciudad de Carmen and Comalcalco. Headed up by Mauricio Moreno Ramirez, the new office will focus on pipeline maintenance, performance improvement of existing oil & gas infrastructure, and training.
Weatherford International has completed the acquisition of completion tools specialist Petrowell. The two companies have been aligned in a global partnership to develop and commercialize ‘game-changing technologies’ since 2008.
The 'digital oilfield' has been talked about for decades, been in practice for several years, but has not yet become a complete reality. despite its early promise, one issue that has consistently impeded the digital oilfield is the management…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
With the 2012 Atlantic hurricane season well under way, Weather Research Center's Jill Haslings discusses key learnings from the super storms of the past decade and how the Freeman/Hasling Damage Potential Scale can help the oil industry better understand the threat from the Gulf hurricanes to come…
Regulatory enhancements prompted by the macondo disaster now require operators to submit a worst-case discharge (WCd) scenario report prior to obtaining a drilling permit in US offshore fields. How to model WCd for offshore wells in compliance…
The new Offshore Technical Committee of ABS held its first meeting in Houston last month, with CTO Todd Grove enthusing afterwards that the class society had ‘made an excellent decision’ in separating the marine and offshore groups to concentrate…
The new Hydro-Ram yard facility opened by IHC Merwede in Broussard, Louisiana, will also serve as the Dutch group’s North America regional office for the piling markets. The facility will house a large rental fleet, maintenance operation and…
GE is developing a new oil & gas training facility in Houston at a cost of $10 million. Scheduled to open 4Q 2012, the 50,000ft2 GE Drilling Systems Technology Center ‘will focus on customer, technical and leadership skills aimed to meet…