Ever-alert to the need to hone its competitive edge, the drilling technologies business unit of Aker Solutions is looking to take its service offering to an unrivalled level of sophistication with the new drawworks extended test facility in Erkelenz…
Earlier this year the refrain was ‘$5 natural gas forever', based on the US Energy Information Administration's (EIA) annual outlook, which argued that natural gas prices will remain below $5 per million btu until 2022. The underlying rationale was growth in the ‘vast' US shale gas resource base…
Andrew McBarnet reviews some of the history of Norwegian marine seismic ventures to assess the aspirations of the latest entrant into the market.The launch of yet another Norwegian-inspired company dedicated to making its mark on the marine seismic business is so déjà vu…
Multi-client specialist TGS took the marine seismic business by surprise last month with the purchase of Stingray Geophysical, a UK-based start up company focusing on seismic-based permanent reservoir monitoring (PRM). Andrew McBarnet discusses what prompted the move…
Following two years of development, Aberdeen Drilling Consultants recently launched its new ADC Virtual Academy division, offering what they believe is the world's first online course focused on drilling equipment for the oil & gas industry…
Investments in the region of NKr65 billion are on the cards over the next few years following ConocoPhillips' recent submission of its plans for the further development of the Ekofisk and Eldfisk fields to the Norwegian Ministry of Petroleum & Energy…
China constantly shakes many of the world's beliefs, for better or worse, from its economic growth to trade to human rights. There is no doubt that China will become before not too long the world's dominant economic power. It also provides an additional…
Industry experts gathered in Houston late last year to discuss the future of floating LNG. Jennifer Pallanich joined them.A supply glut stemming from a wave of project sanctions between 2003 and 2005 followed by the North American shale revolution…
New reports point, cautiously, to better times ahead for the industry in 2011. But uncertainty in the post-Macondo Gulf of Mexico remains, as Russell McCulley writes.World oil demand bounced back in 2010 to its 2007 all-time high, according to a December report from Wood Mackenzie…
Reporting from last month’s SEG annual meeting in Denver, Andrew McBarnet finds marine seismic contractors frustrated by contract bidding woes.There is no question about what was bothering the marine seismic community at last month’s well attended…
Aker Solutions has started a six-month integrated operations pilot with Danish operator Dong on the Trym field, an industry briefing in London heard recently. Meg Chesshyre reviews the status of this and other developments on the Aker technology horizon…
Energy and climate wars: How naïve politicians, green ideologues, and media elites are undermining the truth about energy and climate. Peter C Glover & Michael J Economides. Continuum International Publishing Group, 2010.The lengthy subtitle…
Mexico just registered its first Clean Development Mechanism with the United Nations under a collaboration between Pemex and Statoil to reduce gas flaring at the onshore Tres Hermanos oil field in Mexico. Statoil said 26 October 2010 the registration…
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…
In a ‘brutally costcompetitive environment,' KBR has been looking at multiple ways to provide its services at an increasingly lower cost, said KBR chairman, president and CEO William P ‘Bill' Lutt during the 2010 Rice Global E&C Forum.Lutt told…
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