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…
Andrew McBarnet reviews some of the history of Norwegian marine seismic ventures to assess the aspirations of the latest entrant into the market.The launch of yet another Norwegian-inspired company dedicated to making its mark on the marine seismic business is so déjà vu…
When KBR bought out JGC's near 45% stake in MW Kellogg earlier this year making it a wholly-owned subsidiary, the resulting ‘London Operating Centre' – combining major UK bases in Greenford and Leatherhead with over 2600 staff – emerged as KBR's largest entity globally…
Rowan Companies is selling all its shares in manufacturing subsidiary LeTourneau Technologies to Joy Global in a $1.1 billion cash deal. Rowan acquired LeTourneau, which built the majority of Rowan's jackup rig fleet, in 1994. Rowan president…
Earlier this year, Douglas-Westwood forecast † the industry will spend $139 billion on subsea hardware 2011-15, a 23% jump on the previous five years, with the deepwater Golden Triangle inevitably dominating the anticipated spend. Despite the trials and tribulations of the past year…
Orders for newbuild floaters and jackups have surged to the highest level in years. But will tight shipyard capacity squeeze some drillers out of the market? Russell McCulley rounds up some opinions on the drilling business circa 2011, including a forecast of greater industry consolidation…
Greene's Energy Group has opened an operational base in Singapore to serve the company's Asia Pacific region. The 140,000ft2 location includes offices, a warehouse and heavy equipment yard space, and will provide a regional base for all of Greene's business divisions…
Multi-client specialist TGS took the marine seismic business by surprise last month with the purchase of Stingray Geophysical, a UK-based start up company focusing on seismic-based permanent reservoir monitoring (PRM). Andrew McBarnet discusses what prompted the move…
Integrated approachIn the works for some time, Halliburton's Optimized Drilling Performance (ODP) approach is aimed at improving drilling efficiency and saving drilling time. ‘We've evolved this workflow over a few years,' said Jeremy ‘Jez' Greenwood…
Offshore disposal of untreated oil base mud (OBM) cuttings is not permitted anywhere in the world, and in several geographical areas the discharge limit is generally 1% oil on cuttings or less.--Norwegian firm Thermtech claims its TCC technology…
While the Pluto and Browse LNG projects have dominated recent headlines, operator Woodside has also been busy expanding its North West Shelf infrastructure. Russell McCulley speaks to the company's North West Shelf executive vice president Kevin…
Chevron chairman and CEO John Watson told the Energy Institute's International Petroleum Week dinner in London last month that fossil fuel is no dinosaur. Meg Chesshyre was there.Far from having reached any peak, the world's estimated base of recoverable oil…
Differing perspectives on the African exploration & production scene were offered during IP Week in London last month, with Tullow Oil and Afren describing their respective approaches to the continent and Equatorial Guinea's energy ministry updating the republic's offshore developments to date…
Worldwide, the mobile offshore drilling fleet has kept between 500 to 550 rigs under contract over the past two years. Recent overall utilization remains at a two-year low of 68% or 507 rigs working. However, tendering activity has been on the…
Under a memorandum of understanding with Petrobras, Cameron plans to invest $30 million in R&D facilities at two Brazilian locations. The company's Jacarei plant will add testing capabilities, including a hyperbaric chamber, along with a highpressure…
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