SNC-Lavalin Group Inc. announced it completed its acquisition of Jersey-based oil and gas services company Kentz Corp. Ltd. The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company…
Paradigm announced the release of the latest version of its Geolog formation evaluation and petrophysics analysis solution suite. The release includes a plug-in that enables direct data transfer from Geolog to Petrel seismic to simulation software…
Matthew Hancock has been named as Britain's fourth new energy minister in less than two years as part of a major reshuffle in the UK's coalition government cabinet. It is Prime Minister David Cameron's biggest government shake-up since coming to power in 2010…
Continual expansion of unconventional oil and gas development seen over the next decade - most notably in the US, but also around the globe - will necessitate steadily increasing proppant sales over the next 10 years. In the US, proppant…
The American Bureau of Shipping (ABS), a provider of classification services to the global offshore industry, has entered into a joint development project (JDP) with South Korea’ s Daewoo Shipbuilding & Marine Engineering (DSME) to develop the industry’ s first LNG-fueled drillship…
FTS International, based in Ft. Worth, Texas, announced today that it has signed a 15-year joint venture agreement with Sinopec Group to bring its well stimulation capabilities and expertise to China. Hydraulic fracturing is recognized as one of the keys to unlocking production in shales…
Western Europe will continue to rely on imported Russian gas into the 2020s, as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term. Following Moscow’s intervention…
Representatives from China National Petroleum Corp. and Shell met on 8 April 2014 to sign global cooperation agreements. CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing where the pair signed agreements covering both company's unconventional resources…
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel. The study points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations…
According to a new technical market research report, The US market for Fracking Fluids, prepared by Dr. Gordon Nangmenyi for BCC Research, the US market for fracking fluids was valued at US$18.4 billion in 2012 and $26 billion for 2013. BCC Research projects the market to grow to nearly $37…
Waves of progress. With several mega projects underway, OE asked: Can floating LNG be done economically on a smaller scale? The obvious answer is that we believe so, but it depends on the application. Wison Offshore & Marine sees smallerscale…
The floating LNG (FLNG) market is poised for increased investment and activity from 2014 to 2020, with Douglas-Westwood forecasting total expenditure of US$64.4 billion in its new market report. Two-thirds of this spend is attributed to liquefaction infrastructure…
Chevron Corp. announced its new US$39.8 billion capital and exploratory investment program for 2014. Approximately 90% of the 2014 spending program is budgeted for upstream crude oil and natural gas exploration and production projects…
The organizers of next year's ONS conference and exhibition in Stavanger are marking the event's 40th anniversary with a look back at the first time the event was held in 1974. However, next year's event will also very much be looking forward…
BP intends to commit US$4 million to launch a new strategic partnership with The University of Texas at Austin to support several oil and gas research projects, according to a statement released by the company Thursday. The collaboration…
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