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…
Since it began addressing safety critical fire water deluge system integrity issues a year ago, Paradigm Flow Solutions has rapidly expanded its provision in this area. The company is now working on life-of-field solutions with two North Sea operators…
The Deepwater Horizon went to its grave on 22 April 2010 taking eleven men with her. In the two years since, the disaster has been investigated and reviewed by several august panels and consultants in the US at the behest of the Obama administration…
ITF last month outlined the specific challenges that its membership of operator and service companies want to see tackled as priorities in 2012. Up to 100% funding will be available for the right solutions to some of the industry's most pressing challenges…
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…
When the oil & gas community looks to the aeronautical industry it's usually for technological inspiration. Now offshore training is entering the space age too, courtesy of a recent deal brokered by defense specialist Raytheon that will enable…
Aker Solutions plans to establish a large engineering office in Tromsø as part of the company’s strategy to increase its footprint in the northern regions of Norway. The company is already building up a subsea service base in Hammerfest to support the Goliat subsea field development…
Aquaterra Energy has opened an office in Cambridge, UK, to develop the riser analysis service the firm has been offering from its Norwich HQ since its inception in 2005. Senior analyst Dr Andrew Lennon heads up the new Cambridge facility.
French marine services provider Bourbon has established an new affiliate operation, Bourbon Baltic, in Saint Petersburg to optimize vessel crew recruitment. It is looking to recruit experienced Russian seafarers for its vessels serving the marine and offshore sectors worldwide.
Rotating equipment supplier Dresser-Rand has opened a new 8,700ft2 facility in Houston dedicated entirely to training employees and clients to better service equipment in the field.
FMC Technologies has signed a global alliance agreement with Anadarko Petroleum to provide subsea systems and life-of-field services for its subsea development projects worldwide.
GE Oil & Gas has opened its $100 million technology and learning complex in Jandakot, Western Australia. The biggest complex of its kind in Australia, it will support the development of skills for the oil and gas sector and provide the company’s…
UK custom flowmeter manufacturer Litre Meter has become part of the US Tasi Group of companies, whose other interests in the flow and control sector include AW Lake, Kem and Tricor.
Mustang has acquired a majority stake in Latin American automation and control engineering and consulting firm ISI Solutions for an initial consideration of $5.2 million. The company will be rebranded ISI Mustang and will continue to be led by Pedro Santamaria and the existing management team.
Oceaneering is acquiring IRM, subsea engineering and field operations services provider AGR Field Operations from Norway’s AGR Group in a $240 million transaction.