Exploration and production companies have been hesitating to engage in greenfield projects amid the current market downturn, resulting in the lowest offshore project commitment since 1998, according to Norwegian analysts Rystad Energy. Only…
Mads Andersen will take over as the new president and CEO of Stavanger-based oil services firm Aibel, effective 1 January 2017. Jan Skogseth, Aibel's current president and CEO, since 2008, plans to retire. He will hold an advisory role in the company until spring 2017…
Schlumberger has acquired France-based Saltel Industries in a move that will strengthen the company’s completions technology portfolio. Image of Saltel's SES Patch for pipeline repair, from Saltel Twitter…
New business models involving alliances, integrated offerings and early engagement with suppliers were hailed as ways to do business better in today’s cost conscious environment, the Underwater Technology Conference (UTC) in Bergen was told last week…
Former chief executive of BG Group, Helge Lund, has been appointed as the new director to oil services giant Schlumberger’s board of directors, earlier this month. According to a filing to the US Securities & Exchange Commission (SEC) on 1 June…
Schlumberger has acquired Omron Oilfield and Marine, a US-based OMRON Corp. group company, which provides automation technology and solutions. 'The addition of Omron Oilfield and Marine will enable us to strengthen our industrial automation…
Oil services giant Schlumberger has laid off 2000 employees as the company reports one of its steepest revenue declines since the downturn began, citing global activity decline and disruption that has reached unprecedented levels. Image…
Oil services giant Schlumberger entered into an agreement to acquire the coiled tubing drilling and coiled tubing units from Xtreme Drilling and Coil Services Corp., a Calgary-based provider of international land drilling and coiled tubing drilling services…
AccessESP, a leading provider of rigless electric submersible pump (ESP) conveyance solutions, appointed Anwar Assal as Middle East and North Africa region manager. Based in Dubai, Assal will be responsible for developing and enhancing…
Floating LNG – it’s a big business, taking decades to develop and involving the world’s largest vessels and cutting edge technology. Or is it? Elaine Maslin explains how operator Ophir Energy is taking a different tack off West Africa. Block R…
Wintershall Norge has awarded a series of four-year contracts for supply of well completion equipment and services for its operated drilling activities in Norway. The contracts have been awarded to six companies including Halliburton which will provide the largest share of the work…
Schlumberger and Ophir have terminated discussions over a move which could have given the oilfield services firm a 40% stake in the Fortuna floating LNG development offshore Equatorial Guinea. Earlier this year, Schlumberger had reached a heads of terms agreement with Ophir over the project…
Oil Services giant Schlumberger has completed its US$14.8 billion merger with rival Cameron International, less than a year after the deal was proposed. Schlumberger CEO Paal Kobsgaard, image from Schlumberger…
Schlumberger launched the Maze microfluidic SARA analysis for reservoir fluids characterization at the 2016 Offshore Technology Conference in Houston. This is the first commercial application of microfluidic analysis technology in the oil and gas industry…
Douglas J. Pferdehirt has been appointed president and CEO of FMC Technologies, effective 1 September 2016. Pferdehirt will succeed John T. Gremp, who will continue to serve as chairman of the board of directors while the company completes its transition to the new CEO…
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