firmsHouston-based Deep Down is acquiring offshore industry syntactic foam flotation products and insulation materials provider Cuming. Total price for the acquisition including the assumption of certain liabilities is $50 million.The newly…
‘It seems the world is feeling better,’ observed Talisman Energy president and CEO John Manzoni, striking an optimistic note in his keynote speech at the recent IP dinner in London. But, he wondered, is the oil & gas industry ready to drive…
Improving data integrationLandmark has developed a new integrated, asset-level production operations and optimization workflow solutions program called DecisionSpace for Production. The software is deployed in several deepwater FPSO environments…
The scheduled 2012 lease sale offshore Virginia will proceed, even without the environmental impact studies necessary to allow oil & gas exploration in place, according to MMS director Liz Burnham.The sale – the first on the US Atlantic OCS…
Two recently published reports point to a speedy recovery for offshore E&P. The deepwater sector of the oil & gas business should recover quickly from the economic downturn and resume the growth the sector enjoyed before the recession, suggests a new report from Douglas-Westwood…
firms . . .Remedial Offshore has filed for Chapter 11 bankruptcy protection, allowing the company to continue to operate its facilities and offices in the ordinary course of business. Remedial will use the financing to increase working capital…
Rotary steerable successBaker Hughes deployed its AutoTrak rotary steerable system to successfully drill four directional wells in the Gulf of Mexico’s South Timbalier area, including one well that reached total depth nearly five days ahead of schedule…
Deliberately designing pipelines to buckle – but in a controlled manner – is the Safebuck joint industry project team’s recommended solution to today’s ever more challenging deepwater pipeline requirements. And with most of the major operators already signed up for the JIP’s third and final phase…
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…
With an offshore network of over 7000 production platforms, 180,000km of pipelines and 40,000 producer wells already installed, the global offshore operations & maintenance market could be worth more than $330 billion over the next five years - and…
Paal Kibsgaard has been appointed COO of Schlumberger, taking responsibility for the dayto- day management of all the company’s worldwide operations in addition to its technology organization, including engineering, manufacturing and product development…
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…
It's been a year since FMC Technologies acquired a 45% stake in Schilling Robotics for $116 million, with an option to take full ownership of the ROV specialist by 2013. Russell McCulley talks to Schilling Robotics founder Tyler Schilling and…
Why has the inhospitable West of Shetland region consistently bucked the trend of enhanced conservatism felt throughout the wider offshore market? And what is driving this activity? Infield Systems' Luke Davis, Gregory Brown and Dr Roger Knight…
Over 300 energy leaders debated the challenges of a sustainable future for the North Sea and explored the potential development of the subsea market over the next 10 years at November's Subsea Europe conference in London. Meg Chesshyre reports…
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