Rental equipment provider Ferguson Group has set up a new company near its port and storage yard in Jebel Ali, Dubai, to support its range of offshore and refrigerated containers plus accommodation units and workspace modules in the Middle East.
French-owned utility group GDF Suez is stepping up its UK exploration and production operations with the goal of becoming a major player in the North Sea. The company's UK E&P arm has been involved in the sector for the past 15 years, but is now working up major expansion plans…
Oil & gas companies will spend roughly $135 billion on subsea hardware between 2012 and 2016, an increase of 14% over the preceding five-year period, according to a new report from Douglas-Westwood.Spending took a hit in 2010 and 2011 as the…
At a recent Bergen conference showcasing the strength in depth of Norway's subsea industry, Statoil EVP Øystein Michelsen challenged delegates to work with his company in developing the technology to go further, deeper and colder and seize the…
David Walker has been named as CEO of DNV KEMA. He started his career as a geologist with Amoco and served as president of BHP Billiton’s petroleum operations in the North Sea, North Africa, Middle East and Australia before joining DNV in 2007…
Italian scaffolding and formwork manufacturer Pilosio sees its E5 million contract with lead contractor Saipem Canada for Alberta’s Sunrise oil sands project as the key to its future expansion into the oil & gas market, both onshore and offshore…
Aberdeen-headquartered Proserv, backed by private equity firm Intervale Capital, has acquired the subsea controls business of Weatherford International. The deal includes more than 300 personnel and all control systems operations in the UK, Norway, North America, the Middle East and the Far East.
The concrete gravity-base structure for Russia's Arkutun-Dagi field, part of the Exxon Neftegas-operated Sakhalin-1 development, was installed offshore northeast Sakhalin last month. Water depths in the area are around 35m. Construction of the…
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…
Peter van Rossum will join SBM Offshore as CFO on 2 July. He has been CFO of Unibail-Rodamco SE and its predecessor Rodamco Europe since 2006, and prior to this served Royal Dutch Shell 24 years in Europe, the Middle East, the US and Asia.
Aker Solutions has agreed to acquire National Petroleum Services’ NPS Energy business unit, which employs approximately 900 people and provides well intervention services in the Middle East and North Africa.
Specialist offshore fabricators continue to innovate in pursuit of an oil & gas market edge. Meg Chesshyre opens this month's yards round-up with a review of progress on the latest additions to Centrica Energy's North Sea infrastructure.Centrica’s…
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…
The newbuild DP3 ultra-deepwater multipurpose flex-lay subsea construction vessel Lewek Connector recently wrapped up her first working voyage in the Irish Sea, laying two power cables and a fibre optic cable for the final phase of EirGrid's East-West Interconnector project…
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…
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