Despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favorable deal environment, oil & gas executives are still cautious about engaging in M&A, according to Ernst & Young's sixth Global Capital Confidence Barometer…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the competitive fleet of mobile offshore drilling units worldwide has been gradually improving since February and is currently in the mid-80% range…
A new line of fire-resistant cables, developed by Keystone with input from engineers, consultants and contractors involved in Chevron’s Gorgon LNG project, will feature on the Westrade Australia stand at this month’s Australasia Oil & Gas show (Perth…
Despite some concerns over the global economic outlook, oil & gas industry leaders are expecting improved performance and higher capital expenditures in 2012, according to an annual survey of top industry executives and directors.The study, Big…
In its drive to improve and align safety and competence standards in the global oil and gas industry, Opito International has commissioned new research to discover how companies are assuring the workforce is competent, rather than simply compliant…
The proliferation of modern specialist vessels serving just about every sector of the offshore oil & gas business has not gone unnoticed by traditional shipping industry equipment and service providers, as was plain to see at the 2011 Nor-Shipping event in Oslo late May…
Investments in the region of NKr65 billion are on the cards over the next few years following ConocoPhillips' recent submission of its plans for the further development of the Ekofisk and Eldfisk fields to the Norwegian Ministry of Petroleum & Energy…
Litigation continues in US courts over the Obama administration’s Gulf of Mexico deepwater drilling moratorium, despite the early lifting of the six-month drilling ban in October. In a 19 October decision, US District Court judge Martin Feldman…
Brazilian operator Petrobras expects to initiate production from a new reservoir to existing facilities in Modules 1 and 2 of its deepwater Marlim Sul field this summer and bring a third module onstream via the P-56 semi early next year. Asset…
Prosafe’s newest rival in the flotel market is Swedish company Floatel International, established by Bassoe Offshore and management in Gothenburg in late 2006 and run by an experienced management team comprising personnel from Consafe Offshore…
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