Rowan Companies is selling all its shares in manufacturing subsidiary LeTourneau Technologies to Joy Global in a $1.1 billion cash deal. Rowan acquired LeTourneau, which built the majority of Rowan's jackup rig fleet, in 1994. Rowan president…
A more optimistic view of the future of the southern North Sea gas and the hard-pressed East of England offshore supply chain emerged at a recent regional conference in Norwich. Meg Chesshyre reports.Having acquired assets from BP, Shell and BG in 2003 and ExxonMobil fields in 2007…
Andrew McBarnet tries to fathom the future of permanent seismic reservoir monitoring projects.A big pow-wow of industry specialists at the end of last month in Trondheim, Norway, was hoping to get to the bottom of the future prospects for…
Things are stirring on the UK continental shelf if the attendance at last month’s Pilot Share Fair in Aberdeen is anything to go by. More than 1000 people, including Meg Chesshyre, turned out to hear from major operators and contractors about their strategies for future North Sea projects…
A recent contract renewal for the small UK-based company WGP Group and its partner Thalassa Energy Services is a reminder that the first life of field seismic (LoFS) project on BP's Valhall field offshore Norway has been ongoing since 2003.…
With the increased complexity of today’s subsea production systems giving mooring solutions providers much to think about, Viking Moorings chief executive Wolfgang Wandl discusses how his company is rising to the challenge.The global mooring…
The effect of the continuing credit crunch last summer meant that North Sea field development activity was down last year, but the steadying of the price this spring has led to projects being dusted off in both the UK and the Norwegian sectors…
Within days of sister company Heerema Fabrication Group handing over the largest offshore deck ever built in the Netherlands, Heerema Marine Contractors was announcing plans to diversify its installation fleet with a multirole monohull vessel…
Nieuw-Lekkerland-headquartered Bayards, a key player in the offshore aluminium industry, is seeing early signs that the recession's grip on major oil & gas projects may at last be loosening.‘The market is coming back,' reports the company's commercial director Dick de Kluijver…
Andrew McBarnet provides a commentary on seismic matters at the EAGE's Annual Meeting held in Barcelona last month.The European Association of Geoscientists & Engineers (EAGE) can rarely be faulted for its choice of venue for its annual meetings…
The digital oilfield has become mainstream and is how business is now conducted. That was the message at the third SPE Intelligent Energy conference convened in The Netherlands this spring with over 1500 attendees including a high proportion of business leaders…
Dutch specialist Bayards Aluminium Constructions added another impressive achievement to its catalogue of offshore industry credits last year when the industry’s first aluminium heli hangar left the company’s Heijningen yard production hall…
Flotel specialist Prosafe expects a good long-term demand for its accommodation rigs, with growth in activity in the North Sea from spring 2011 and in deepwater regions. Meg Chesshyre reviews recent developments at the world’s leading owner and operator of semisubmersible accommodation rigs…
With the offshore umbilicals market emerging from its recent slumbers and power cable demand from both the oil & gas and wind energy sectors picking up strongly, further expansion of Nexans’ Halden facility in Norway could well follow the current…
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