EnerMech has opened an office in Mumbai, India, and will follow up later in the year with a workshop and storage facility in Kakinada, Andra Pradesh, to serve its process, pipeline and umbilicals, cranes and lifting, engineering and valves divisions.
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…
Rental equipment provider Ferguson Group has set up a new company near its port and storage yard in Jebel Ali, Dubai, to support its range of offshore and refrigerated containers plus accommodation units and workspace modules in the Middle East.
Fugro-TSM Asia Pacific has been awarded a five-year life of field support contract in Malaysia from Murphy Oil worth in excess of $140 million. Project management and engineering will be spread between the Fugro-TSM offices in Malaysia and Singapore.
Drill rig manufacturer Integrated Drilling Equipment (IDE) has acquired drilling control and automation specialist S&P Drives Automation Controls and rebranded it International Electric Company Automation & Controls. IDE chief executive Steve…
Oil & gas IT solutions provider Merrick has established a wholly owned subsidiary in Oslo, branded Merrick Norway.
Oil and gas field developments up to 2017 in the dynamic Norwegian, Barents and Baltic Sea areas are captured in a new mapping product from Infield Systems. To be launched with free distribution from the Infield stand (J-1060) during Stavanger’s ONS show 28-31 August…
High demand for goods and services helped push up building and operating costs for upstream oil & gas facilities over the six-month period covering 3Q 2011 to 1Q 2012, according to two IHS cost indexes. The IHS Upstream Capital Cost index rose 2…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comMaking a strong showing during the second half of 2012, North Sea utilization rates are leading the way with a 96% average.The worldwide competitive…
Overall, total capital investment on developing UK oil & gas reserves rose by 40% to £8.5 billion in 2011, according to Oil & Gas UK's 2012 Economic Report. Confirmation in the 2012 UK Budget of measures to promote activity in a targeted way…
French-owned utility group GDF Suez is stepping up its UK exploration and production operations with the goal of becoming a major player in the North Sea. The company's UK E&P arm has been involved in the sector for the past 15 years, but is now working up major expansion plans…
Rotterdam-based Jumbo is boosting the capacity of its heavylift fleet with orders for two K-3000 vessels which, as the name implies, offer a tandem lift capacity of 3000te. The in-house designed K-3000 vessels are being built at the Brodosplit shipyard at Split in Croatia…
Statoil may not have the biggest R&D budget, but company officials say the operator's technological track record on the Norwegian continental shelf will help it push recovery rates to new highs and create the first subsea factory, including seafloor separation…
Apax Partners in conjunction with JMI Equity have agreed to acquire oil & gas focused software vendor Paradigm for around $1 billion in an all-cash transaction. Simmons & Co International advised Apax.
Aker Solutions is investing $100 million in a new multi-purpose service site in Macaé for its drilling equipment business in Brazil. The 335,000m2 development – eight times bigger than the company’s current facility in nearby Rio das Ostras…