Shell announced that production has begun from the second development phase of the Parque das Conchas (BC-10) project, located off Brazil’s southeast coast. The BC-10 project is comprised of several subsea fields which are tied back to the Espírito Santo FPSO vessel…
ALS Ltd moved to acquire Reservoir Group for US$533 million from SCF Partners. Reservoir’s existing senior management team has committed to continue in the business and is rolling over approximately 50% of their equity in Reservoir into ALS shares…
ALS entered into an agreement to acquire Reservoir Group for US $533 million (9.6 x Reservoir's FY2013 EBITDA). The transaction follows extensive due diligence undertaken by ALS on Reservoir as a part of an exclusive sale process. Reservoir…
Reservoir Group affiliate, Omega Well Monitoring Canada (OWMC), acquired Planet Services Inc. This acquisition furthers OWMC’s plans to transition from a sales-based company, to a provider of installation and servicing. Planet Services has…
The Next 50 Years is the strap-line of this year’s SPE Offshore Europe— underpinning those five decades will be technology, says BP’s North Sea regional president. Elaine Maslin reports. This year SPE Offshore Europe is celebrating its…
ALS entered into an agreement to acquire Reservoir Group for US $533 million. Reservoir is a provider of oil and gas services and equipment that assists with the evaluation, development and optimization of oil and gas discoveries. Reservoir operates five segments: Coring…
Omega has entered into a seven-figure deal with Calgary-based well installation services provider Planet Services Inc., which will see its eight staff join the Omega team and become part of the Reservoir Group club. Omega has developed…
DCN invests in ROV division DCN Diving has launched its own ROV division led by Fred Bosman as ROV operations manager. Bosman acquired his experience with robotic underwater systems with the Royal Dutch Navy, and for the past 13 years…
Andrew McBarnet suggests that seismic permanent reservoir monitoring may soon be seeing a new wave of interest if not an increase in projects. It seems like forever that people in the E&P business have been talking about a digital oilfield…
CGG was awarded two contracts by Statoil ASA to provide long-term seismic imaging services for permanent reservoir monitoring (PRM) operations on the Snorre and Grane fields in the Norwegian sector of the North Sea. The scope of each contract also includes acquisition QC services…
Tendeka, the provider of completions systems and services to the upstream oil and gas industry, today announces plans to significantly grow its North and South American market presence by promoting its full portfolio of complementary completions products and services in the region…
Leading international oilfield services company, Expro, is celebrating its 40th anniversary at this year’s Offshore Technology Conference (OTC) in Houston by showcasing its investment in new technology and innovation. As part of that…
CGG announced today that it has been awarded two contracts by Statoil ASA to provide long-term seismic imaging services for permanent reservoir monitoring (PRM) operations on the Snorre and Grane fields in the Norwegian sector of the North Sea…
Germany’s Wintershall has stepped forward to back a new autonomous exploration drilling tool being developed in Norway.Badger Explorer (BXPL) is developing the tool, which it describes as “a new formation and reservoir evaluation tool, which drills into the subsurface without the risks…
In his keynote speech at the ITF technology showcase, BP North Sea regional president Trevor Garlick spoke of his personal determination to ensure his company takes a leadership role in technology in the North Sea. He noted that relative to…
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