Oilfield services company Archer is to cut staff and close some bases as part of a restructuring plan. The firm, which provides drilling and well services, said to accelerate margin improvements and adapt to the “highly competitive North American land market”…
The Aberdeen branch of the UK's Energy Institute will meet tomorrow night [Tuesday 26] to hear presentation on research carried out by energy students from the University of Aberdeen and Robert Gordon University. Six students, three from each university…
CGG surveys GOM for Pemex CGG has been selected to carry out a large high-end seismic acquisition survey in the Gulf of Mexico on behalf of Pemex. The survey, in Mexican waters, is phase 5 in Pemex’s Centauro program, the largest ever…
60th Annual Census: North American rig fleet gains while activity level drops. In the U.S. and Canada, additions to fleets increased availability, while activity decreased. The global offshore mobile fleet posted another modest gain, with 42 newbuilds entering service in the last year…
Russia needs to re-focus investment from easier conventional onshore projects to more difficult and expensive tight oil, LNG and Arctic developments to maintain production in the longer-term, according to industry analysts Wood Mackenzie…
DNV GL has launched a joint industry project (JIP) to provide guidance on an alternative means of personnel transfer onto offshore installations. The Walk to Work (W2W) approach, where offshore installations are manned from a ship via gangway…
International tidal technology and project developer Atlantis Resources Limited bought MeyGen, Europe’s largest tidal power project. Atlantis already held 10% of the company developing the project, MeyGen Limited. It has now bought…
Laissez les bons temps rouler. Deep in the heart of Louisiana oil country, US representatives from two Asian trade organizations made the case for local investment at the 2013 Louisiana Gulf Coast Oil Exposition (LAGCOE), held in Lafayette…
Singapore-based investment-holding company SEA9 Pte. Ltd. moved to acquire all the issued and paid-up ordinary shares in the capital of Kreuz for S$0.80 per ordinary shares in the capital of Kreuz. Swiber will receive a consideration of S$256…
Tritech’s Gemini Narrow Beam Imager (NBI) has been field-proven by Reef Subsea. The NBI successfully monitored the trenched installation of 6-in. and 2-in. cable, while using controlled flow excavation techniques. The seabed conditions around the site varied considerably…
Businesses have only four weeks left to enter the Offshore Achievement awards, organised by Society of Petroleum Engineers (SPE) Aberdeen section and supported by Offshore Engineer. The awards, which are open to UK-registered companies operating in the renewables or oil and gas industries…
Bolt-tensioning, equipment firm Tentec is showcasing its new V-Series of compact flange bolt tensioners. The V-Series is a range of tools designed for use on SPO compact flanges and the Norsok L-005 compact flanges. The range consists of 11 bolt tensioning tools covering bolt sizes from ¾-4in…
A group of operators in the North Sea is taking a joint approach to barrel chasing through well intervention. Could other regions do the same? In many cases, total annual production associated with well intervention operations exceeds annual production from new wells drilled in the same year…
Cargotec's MacGregor has entered into an agreement to acquire Aker Solutions' mooring and loading systems unit for an enterprise value of approximately EUR180 million. The unit, known by the Pusnes brand name, provides mooring equipment…
Dana Petroleum group CEO Marcus Richards believes the oil industry is seeing a structural shift. He gave his personal views at a UK Chatham House event: I would like address the questions raised by the shift in oil demand to industrialized economies in terms of energy security…
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