Offshore Engineer Activity News

 

M&A up in the US

Dec 31, 2010

Merger and acquisition activity in the US oil & gas sector picked up steam 3Q 2010, despite ongoing uncertainty about business in the Gulf of Mexico, reported PricewaterhouseCoopers.For the three-month period ending 30 September, there were…

Homing in on UKCS prospects

Dec 31, 2010

Things are stirring on the UK continental shelf if the attendance at last month’s Pilot Share Fair in Aberdeen is anything to go by. More than 1000 people, including Meg Chesshyre, turned out to hear from major operators and contractors about their strategies for future North Sea projects…

Upstream capex ready for rebound

Nov 01, 2010

Global upstream capital spending should rebound this year, according to IHS Herold director Nicholas Cacchione, author of the research firm’s 2010 Global Upstream Performance Review, released last month. ‘In North America, E&P investment increased 30% in the first half of 2010…

Networking news

Nov 01, 2010

There were echoes of the UK’s Dragon’s Den and its US reality TV brethren Shark Tank when the great and the good of the private equity world gathered in Aberdeen last month to sample the wares of would-be oil & gas sector high fliers.The occasion…

Crunching the numbers

Nov 01, 2010

Current projections indicate around £27 billion will be spent on UK offshore decommissioning over the next 40 years, of which £9.2 billion will be spent over this next decade, according to a 2010 Decommissioning Insight brochure presented at the conference by Robert Harris-Deans…

Keeping a watch on over-supply

Oct 26, 2010

One or two recent asides from major seismic contractor bosses implies that they expect that the global seismic fleet to move closer to some kind of equilibrium next year where the supply of vessels is no longer so out of kilter with the demand for survey work…

Products in action - OE October 2010

Oct 26, 2010

Quicker connection Baker Hughes announced the commercialization of its Reconnect technology, which the company says provides an alternative for re-establishing surface hydraulic control to surface-controlled subsurface safety valves (SCSSVs)…

Firms & Faces - OE October 2010

Oct 26, 2010

Schlumberger wrapped up its $11 billion purchase of Smith International at the end of August. Andrew Gould, chairman and CEO of Schlumberger, commented: ‘We are ready to begin the process of realizing the synergies made possible by this merger…

What is the lay of the land as TGS is turfed off?

Oct 26, 2010

All dressed up and nowhere to go is never a good feeling. But that's exactly what has just happened to − of all companies − TGSNopec. The acknowledged maestro of the multiclient seismic survey business last month put out a terse statement that…

Renewables - OE October 2010

Oct 26, 2010

HYWIND’S HIDDEN ASSETS: Syntactic foam specialist Trelleborg Offshore recently released details of how it employed well-proven offshore oil & gas technology in the subsea buoyancy arrangements for the world’s first wind turbine ‘floater’,…

North West European Continental Shelf - oil & gas activity

Sep 02, 2010

The effect of the continuing credit crunch last summer meant that North Sea field development activity was down last year, but the steadying of the price this spring has led to projects being dusted off in both the UK and the Norwegian sectors…

Established players look to their laurels

Sep 01, 2010

Andrew McBarnet suggests that the major marine seismic players are favourites to win in a crowded market.You would never realise it from the current crop of financial results and muted forward-looking statements from CEOs of marine seismic vessel operators…

Firms & Faces - OE September 2010

Aug 31, 2010

FIRMSSubsea 7 has entered a global technology partnership agreement with CRC-Evans Pipeline International. Under the agreement CRC-Evans' automatic welding, coating and testing technologies will be installed at the Subsea 7 pipeline fabrication spoolbases in Angola…

Partnering to capture CCS savings

Aug 09, 2010

With the UK poised to introduce an offshore carbon storage licensing regime, a process and design optimisation specialist and an Aberdeen-headquartered engineering, construction, operations maintenance and project management group are planning…

Firms & Faces - OE August 2010

Aug 09, 2010

FIRMSTGS-Nopec Geophysical has bought the directional survey business and information for ongoing client-initiated programs from P2 Energy Solutions' Tobin business line. The purchase includes P2's existing database of over 38,000 directional surveys…

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