Against a background of continuing financial uncertainty the oil price remains reasonably high, as does the level of activity in the North Sea, particularly in Norway with the planned development of the substantial Johan Sverdrup find. Reserves estimated at 1…
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…
CGGVeritas marine seismic operations have undergone a major modernisation programme and the introduction of new technology. Andrew McBarnet reviews progress.Something of a Gallic flourish can be detected about the CGGVeritas multi-client survey in the Keathley Canyon area of the US Gulf of Mexico…
Open markets can be a powerful ally for a world seeking to manage short-term disruptions to energy supply and meet long-term demand, BP group chief executive Bob Dudley declared at the June launch of the BP Statistical Review of World Energy…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
OE's latest review of deepwater subsea tieback projects ongoing in the Gulf of Mexico shows the region is still suffering from the after-effects of the drilling moratorium that followed in the April 2010 Macondo disaster's wake. Jennifer Pallanich…
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…
The reigning and the emerging superpower are marching to their own beats, both of them in the process of long impact government elections and transitions. How the two countries handle themselves will affect the lives of millions, many beyond their borders…
Salaries for oil & gas industry engineers shot up over the past year, rising an average 6.1% across several professional disciplines, according to a new survey released by recruitment firm Hays.The average permanent salary across the survey's sample of 144…
Merger and acquisition activity in the oil & gas industry rebounded in 2010, up 35% over the previous year, Ernst & Young said last month. Global transaction value hit $270 billion last year, up from about $200 billion in 2009, the company said…
A rising tide of seismic demand has quite suddenly changed the conversation in the marine seismic community. Andrew McBarnet explains why.It’s amazing sometimes how quickly the clouds can clear. Just a month or two ago marine seismic companies were forecasting another flat year…
A robust mergers & acquisitions market in the latter half of 2011, particularly in midstream, bodes well for deal making in 2012, according to Deloitte's Center for Energy Studies. But world events could throw a wrench into the M&A machine, as Russell McCulley reports…
Fifty-six i-FRAC sleeves were opened with three balls on the Norwegian shelf.Well technology company i-TEC has developed an innovative lower completion ball drop sleeve system which it claims can bring wells in tight formations online much more quickly than other methods…
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…
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…
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