Polarcus Ltd. announce that the company has entered into a three-year agreement with ION Geophysical Corp. to jointly develop, execute, and market 3D marine multi-client projects to E&P companies worldwide. The agreement combines Polarcus'…
McDermott International Inc. acquired all outstanding shares of the DeepSea operating companies. “The acquisition of DeepSea by McDermott enables us to offer a greater number of subsea engineers with broader specialist services to reinforce our own engineering…
The crude oil production of five major international oil companies: Exxon, BP, Shell, Chevron, and Total, has fallen by 25.8% over the past 12 years. This follows an historic high in 2004, when total combined crude production reached 10.76 MMbo/d…
SPIE Oil & Gas Services has announced the signing of a Joint Development Agreement with PetroSkills LLC.This agreement will allow SPIE Oil & Gas Services to enhance its worldwide competency development programs.PetroSkills LLC a worldwide training and development company has over 280 instructors…
John Stobart has been named EVP and COO at Transocean. He has been worldwide drilling manager for BHP Billiton Petroleum since 1994, serving in Australia, the UK and latterly Houston. Transocean has also appointed Ihab Toma as its EVP, chief of staff.
Global shipping, logistics and marine services provider GAC Group has announced the appointment of Bengt Ekstrand as its new Group President.Ekstrand will take over in January 2013 from Capt. Lars Säfverström who has held the position since July 1998…
Aker Solutions and Statoil were jointly awarded the ONS Innovation Award in Stavanger for their work on the Åsgard subsea gas compression system (OE April). Aker CTO Åsmund Bøe commented: ‘This technology has the potential to change offshore gas field developments worldwide…
The worldwide mobile offshore drilling fleet has seen modest but steady increases in utilization since the beginning of the year. Currently, worldwide utilization stands at 78% whereas at the start of the year it was hovering around 73%.Recently…
Datuk Mohd Anuar is the new head of Petronas’ upstream development and production division, responsible for the division’s activities in Malaysia as well as in 23 countries worldwide. Anuar, who joined Shell in 1990 and served most recently as VP Malaysia…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide competitive mobile offshore drilling unit (MODU) fleet remains steady at 86%.Although demand for all rig types has grown by 57 rigs over the last twelve months…
Christoph Thiel (pictured) is the new head of business development and sales for GL Garrad Hassan worldwide, based in Hamburg.
French marine services provider Bourbon has established an new affiliate operation, Bourbon Baltic, in Saint Petersburg to optimize vessel crew recruitment. It is looking to recruit experienced Russian seafarers for its vessels serving the marine and offshore sectors worldwide.
FMC Technologies has signed a global alliance agreement with Anadarko Petroleum to provide subsea systems and life-of-field services for its subsea development projects worldwide.
Pete Connors has been named as offshore energy global product leader at Allianz Global Corporate & Specialty and will oversee its offshore business worldwide. He most recently served as president and CEO of Zurich Global Energy, the international arm of Zurich North America’s energy operations.
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…
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