Wood Mackenzie’s annual UK upstream oil and gas review concluded that 2013 was a mixed year for the industry.Capital investment continued to increase, however, this was set against the backdrop of project delays, production underperformance and poor exploration success…
Wood Mackenzie has predicted upstream investment in East Africa will reach US$7 billion by 2018. Martin Kelly, head of Sub Sahara Africa upstream research for Wood Mackenzie, told delegates at the East Africa Oil and Gas Conference today…
Foster Wheeler AG has acquired Monterrey, Mexico-based NorthAm Engineering. NorthAm is one of the largest Mexican engineering and project management companies, specializing in upstream, offshore and onshore, downstream, and power projects…
Engineering and construction firm Foster Wheeler has bought Aberdeen-based upstream consultancy Ingen Ideas. Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments…
BP has named Lamar McKay chief executive of upstream. He will lead the exploration, and developments and production divisions with the upstream strategy and integration team. McKay has spent 32 years with BP. Since 2009, he served as chairman and president of BP America…
Photo: ExproMinorities to fill 35% of energy jobs by 2030API President and CEO Jack Gerard released a new report by IHS Global Insight showing the oil and natural gas industry is in a strong position to expand its workforce with minority employees…
Photo: ExproMinorities to fill 35% of energy jobs by 2030API President and CEO Jack Gerard released a new report by IHS Global Insight showing the oil and natural gas industry is in a strong position to expand its workforce with minority employees…
Boskalis plants flag in Dockwise takeoverDutch dredging company Boskalis has launched a takeover of Dutch marine contractors Dockwise; the company announced its intentions on 26 November 2012.On Monday, Boskalis offered the company $884 million…
Lamar McKayLamar McKay has been chosen as Chief Executive of Upstream at BP, the company announced on 23 November 2012.McKay will lead BP's combined Upstream business, comprising the Exploration, Developments and Production divisions together with the Upstream strategy and integration team…
Enteq Upstream has acquired KM Services and Pro-Flow Fabrication Technologies and will rebrand them Enteq KMS. The two companies, both based in Houston, supply machined and fabricated parts and products for directional drilling, mud motor and measurementwhile-drilling equipment…
Datuk Mohd Anuar is the new head of Petronas’ upstream development and production division, responsible for the division’s activities in Malaysia as well as in 23 countries worldwide. Anuar, who joined Shell in 1990 and served most recently as VP Malaysia…
Total spending for upstream oil & gas will hit nearly $1.3 trillion this year, led by a robust North American market, according to a new report by IHS.Driven by strong oil prices and the North American unconventional gas boom, global upstream…
Building on a record high set in 2011, upstream oil & gas spending in the UK will continue at robust levels in 2012 and beyond, according to research consulting company Wood Mackenzie. In the firm’s annual analysis of the previous year’s UK upstream spending and outlook for the coming months…
Despite some concerns over the global economic outlook, oil & gas industry leaders are expecting improved performance and higher capital expenditures in 2012, according to an annual survey of top industry executives and directors.The study, Big…
Global upstream capital spending should rebound this year, according to IHS Herold director Nicholas Cacchione, author of the research firm’s 2010 Global Upstream Performance Review, released last month. ‘In North America, E&P investment increased 30% in the first half of 2010…
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