Toisa PolarisBibby Offshore has purchased the dive support vessel Toisa Polaris, the Aberdeen-based company announced on 2 November 2012. Bibby said the move will provide as many as 60 North Sea jobs. ‘We are forecasting an increasing level of work in the region over the next year…
'There are 'suspicions' that [Gazprom] has prevented alternative sources of natural gas from and into European countries, applying inappropriate practices, exploiting its position as the dominant supplier of natural gas to Europe.'It took time but it eventually happened…
Recent tests on Mobil Industrial Lubricants’ Arctic performance hydraulic oil have reportedly shown that it can help reduce hydraulic system energy consumption by up to 6.2%, when compared with standard mineral hydraulic oils. Given pride of…
As the tension between Israel and Iran ratchets up, an interesting sub-text has developed over the role of Iran’s traditional backer, Russia. While many Western observers continue to raise the spectre of a ‘wider Middle East conflagration’, and one that could drag in Russia…
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…
During the last week of June in the US, anything that wasn’t ‘Obamacare’ didn’t get much news coverage. With that in mind, one had to wonder why ‘36 citizen organizations with more than 1.1 million combined members’ chose 27 June to release…
The latest addition to the Hallin Marine fleet of subsea operation vessels, the compact semisubmersible Derwent, was floated for final fit out at the Drydocks World yard in Nanindah, Indonesia, last month. Designed and equipped to meet current and anticipated subsea industry demand…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
With heavy oil today representing around 70% of the world’s confirmed oil reserves, extraction of the heavier crudes is growing rapidly and there is an increasing need for flow measurement of high viscosity hydrocarbons. NEL's Chris Mills reviews the technological challenges ahead…
Andrew McBarnet joins in a 10th birthday party.It is not entirely coincidental that the current market optimism discernible in the marine seismic community extends to the offshore electromagnetic (EM) survey business. The two technology applications…
Salaries for oil & gas industry engineers shot up over the past year, rising an average 6.1% across several professional disciplines, according to a new survey released by recruitment firm Hays.The average permanent salary across the survey's sample of 144…
A robust mergers & acquisitions market in the latter half of 2011, particularly in midstream, bodes well for deal making in 2012, according to Deloitte's Center for Energy Studies. But world events could throw a wrench into the M&A machine, as Russell McCulley reports…
Fifty-six i-FRAC sleeves were opened with three balls on the Norwegian shelf.Well technology company i-TEC has developed an innovative lower completion ball drop sleeve system which it claims can bring wells in tight formations online much more quickly than other methods…
Since it began addressing safety critical fire water deluge system integrity issues a year ago, Paradigm Flow Solutions has rapidly expanded its provision in this area. The company is now working on life-of-field solutions with two North Sea operators…
Building on a record high set in 2011, upstream oil & gas spending in the UK will continue at robust levels in 2012 and beyond, according to research consulting company Wood Mackenzie. In the firm’s annual analysis of the previous year’s UK upstream spending and outlook for the coming months…
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