Aker Solutions plans to purchase Canadian asset integrity management (AIM) company Thurm Energy, the company announced on 22 November 2012.The financial details were undisclosed; however, Aker said the acquisition will grow its AIM portfolio and boost its presence in the Atlantic Canada market…
US Coast Guard PhotoAfter 100 hours of search and rescue efforts, Black Elk Energy has ended its search for a missing worker who vanished following an explosion at its production platform offshore Louisiana on Friday, the company announced on 20 November…
Smoke plume rising from Black Elk Energy production platformTwo contractors are missing and 11 were injured when an oil production platform offshore Louisiana caught on fire, the U.S. Coast Guard announced on 16 November 2012.At the time of the fire…
U.S. Coast Guard photo of the Black Elk Energy production platformHouston-based Black Elk Energy vowed to continue searching for a missing contractor after the U.S. Coast Guard suspended efforts on Saturday offshore Louisiana, the company announced on 18 November 2012…
Map of Beibu Gulf Roc Oil has struck multiple hydrocarbon pays in the Weizhou formation in the Beibu Gulf offshore southern China, the Australian explorer announced on 5 November 2012.The WZ6-12-A6 deviated step-out exploration well reached a total depth of 2…
Rising day rates and demand for drilling in deepwater environments are helping the offshore drilling sector recover from not just the global economic gloom of recent years but also the post-Macondo drilling moratorium in the US. According to…
Baker Hughes has expanded its SmartCare line of products to include what the company describes as ‘more environmentally responsible’ drilling and completion fluids, production chemicals and additives used in cementing and stimulation procedures…
The Inter-M Pulse long-term mooring connector, developed by InterMoor in conjunction with sister company Pulse Structural Monitoring, was recently put through its paces in a North Sea field trial. Alan Duncan, MD of InterMoor UK, reported…
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…
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…
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…
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