The number and total value of US oil & gas mergers and acquisitions dipped slightly in 2Q 2011 over the same period last year, according to a recent PricewaterhouseCoopers (PwC) study. But the average deal value for the largest transactions rose by 14%…
Earlier this year the refrain was ‘$5 natural gas forever', based on the US Energy Information Administration's (EIA) annual outlook, which argued that natural gas prices will remain below $5 per million btu until 2022. The underlying rationale was growth in the ‘vast' US shale gas resource base…
Multi-client specialist TGS took the marine seismic business by surprise last month with the purchase of Stingray Geophysical, a UK-based start up company focusing on seismic-based permanent reservoir monitoring (PRM). Andrew McBarnet discusses what prompted the move…
Following two years of development, Aberdeen Drilling Consultants recently launched its new ADC Virtual Academy division, offering what they believe is the world's first online course focused on drilling equipment for the oil & gas industry…
Once in a while I would like to look inward and discuss technical advances in the industry or how things have evolved. In the case of hydraulic fracturing, the process has emerged as the premier production enhancement technique in oil and gas…
The Marin Subsea asset recovery team was recently called in to recover a blowout preventer and lower marine riser package from 488m of water in Brazil. Within 20 minutes of the initial phone call, the Marin team had made a preliminary assessment…
The old rivalry between ROV pilots and divers appears to be breaking down, as both sides recognize the considerable benefits of working together. Russell McCulley referees.--'When I started, it was taboo to even get near an ROV,' says Michael Johnson…
Industry experts gathered in Houston late last year to discuss the future of floating LNG. Jennifer Pallanich joined them.A supply glut stemming from a wave of project sanctions between 2003 and 2005 followed by the North American shale revolution…
New reports point, cautiously, to better times ahead for the industry in 2011. But uncertainty in the post-Macondo Gulf of Mexico remains, as Russell McCulley writes.World oil demand bounced back in 2010 to its 2007 all-time high, according to a December report from Wood Mackenzie…
The days may be numbered for resource nationalism, Robert Johnson told the Houston World Affairs Council at the Mayer Brown offices late October. ‘Not every country is equally capable of exercising a campaign of resource nationalism,’ said Johnson…
Global upstream capital spending should rebound this year, according to IHS Herold director Nicholas Cacchione, author of the research firm’s 2010 Global Upstream Performance Review, released last month. ‘In North America, E&P investment increased 30% in the first half of 2010…
Reporting from last month’s SEG annual meeting in Denver, Andrew McBarnet finds marine seismic contractors frustrated by contract bidding woes.There is no question about what was bothering the marine seismic community at last month’s well attended…
Aker Solutions has started a six-month integrated operations pilot with Danish operator Dong on the Trym field, an industry briefing in London heard recently. Meg Chesshyre reviews the status of this and other developments on the Aker technology horizon…
In a ‘brutally costcompetitive environment,' KBR has been looking at multiple ways to provide its services at an increasingly lower cost, said KBR chairman, president and CEO William P ‘Bill' Lutt during the 2010 Rice Global E&C Forum.Lutt told…
Mexico just registered its first Clean Development Mechanism with the United Nations under a collaboration between Pemex and Statoil to reduce gas flaring at the onshore Tres Hermanos oil field in Mexico. Statoil said 26 October 2010 the registration…
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