Offshore Activity - page 1172

 

Keeping a watch on over-supply

Oct 26, 2010

One or two recent asides from major seismic contractor bosses implies that they expect that the global seismic fleet to move closer to some kind of equilibrium next year where the supply of vessels is no longer so out of kilter with the demand for survey work…

Firms & Faces - OE October 2010

Oct 26, 2010

Schlumberger wrapped up its $11 billion purchase of Smith International at the end of August. Andrew Gould, chairman and CEO of Schlumberger, commented: ‘We are ready to begin the process of realizing the synergies made possible by this merger…

What is the lay of the land as TGS is turfed off?

Oct 26, 2010

All dressed up and nowhere to go is never a good feeling. But that's exactly what has just happened to − of all companies − TGSNopec. The acknowledged maestro of the multiclient seismic survey business last month put out a terse statement that…

Renewables - OE October 2010

Oct 26, 2010

HYWIND’S HIDDEN ASSETS: Syntactic foam specialist Trelleborg Offshore recently released details of how it employed well-proven offshore oil & gas technology in the subsea buoyancy arrangements for the world’s first wind turbine ‘floater’,…

Products in action - OE October 2010

Oct 26, 2010

Quicker connection Baker Hughes announced the commercialization of its Reconnect technology, which the company says provides an alternative for re-establishing surface hydraulic control to surface-controlled subsurface safety valves (SCSSVs)…

North West European Continental Shelf - oil & gas activity

Sep 02, 2010

The effect of the continuing credit crunch last summer meant that North Sea field development activity was down last year, but the steadying of the price this spring has led to projects being dusted off in both the UK and the Norwegian sectors…

Established players look to their laurels

Sep 01, 2010

Andrew McBarnet suggests that the major marine seismic players are favourites to win in a crowded market.You would never realise it from the current crop of financial results and muted forward-looking statements from CEOs of marine seismic vessel operators…

Firms & Faces - OE September 2010

Aug 31, 2010

FIRMSSubsea 7 has entered a global technology partnership agreement with CRC-Evans Pipeline International. Under the agreement CRC-Evans' automatic welding, coating and testing technologies will be installed at the Subsea 7 pipeline fabrication spoolbases in Angola…

Partnering to capture CCS savings

Aug 09, 2010

With the UK poised to introduce an offshore carbon storage licensing regime, a process and design optimisation specialist and an Aberdeen-headquartered engineering, construction, operations maintenance and project management group are planning…

Firms & Faces - OE August 2010

Aug 09, 2010

FIRMSTGS-Nopec Geophysical has bought the directional survey business and information for ongoing client-initiated programs from P2 Energy Solutions' Tobin business line. The purchase includes P2's existing database of over 38,000 directional surveys…

Uncertainty rules

Aug 09, 2010

The Macondo oil spill will have a lasting impact, but not the same repercussions on the petroleum industry that the Three Mile Island accident had on the nuclear industry. So said Douglas Becker, director oil services & equipment, global research for Bank of America…

Ready for the upturn

Aug 09, 2010

Nieuw-Lekkerland-headquartered Bayards, a key player in the offshore aluminium industry, is seeing early signs that the recession's grip on major oil & gas projects may at last be loosening.‘The market is coming back,' reports the company's commercial director Dick de Kluijver…

The book of Xodus

Jul 09, 2010

The Xodus Group has achieved rapid growth since its three founding directors set it up as an independent consultancy in 2005. Now an international company, its employee base numbers 200 in the UK and 70 in Australia. Turnover in the 12 months to September 2009 was around £24 million…

Firms & Faces - OE July 2010

Jul 09, 2010

firmsAker Solutions subsidiary STEP Offshore has been awarded exclusive rights to sell Derrick Equipment's solids control equipment and related products in Europe. The agreement is valid for capital equipment such as shale shakers, mud cleaners…

Firms & Faces - OE June 2010

Jun 10, 2010

firmsHouston-based Deep Down is acquiring offshore industry syntactic foam flotation products and insulation materials provider Cuming. Total price for the acquisition including the assumption of certain liabilities is $50 million.The newly…

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