In 2007, OGX was but a dream of Brazilian entrepreneur Eike Batista. In the course of three short years, the company secured financing for leases, bid on and won shallow water blocks, secured drilling rigs, hired about 150 staff, tallied six…
With well costs escalating to consume up to half of a project’s funding, operators are seeking ways to trim costs. During IADC’s Deepwater Drilling conference in Rio de Janeiro in March, operators discussed some of their strategies to trim costs…
With the offshore umbilicals market emerging from its recent slumbers and power cable demand from both the oil & gas and wind energy sectors picking up strongly, further expansion of Nexans’ Halden facility in Norway could well follow the current…
There are few starker signs of the decline of the principles over which decades of Cold War were fought such as US/ Western style free enterprise, free economy and democratic institutions than the demagogic populism that has engulfed and infected many countries in South America…
Banking on customer desire for a round floater that offers drilling, storage, and/or production along with dry tree capabilities, SSP Offshore has made its SSP320+ Plus design ready for the market. Jennifer Pallanich looks at the latest refinements…
‘Innovation Now’ was the over arching theme of the 11th GE Oil & Gas annual meeting held in Florence early February.Meg Chesshyre was among the 930 industry attendees from 69 countries.--GE Oil & Gas’ Drilling & Production division confirmed…
Over the last few years, Baker Hughes has invested heavily in technology R&D and the infrastructure to support the search for innovative technologies. At the same time, 2009 saw the service company change the way it endeavors to provide technology solutions to its clients…
Technip and Schlumberger have signed a global co-operation agreement jointly to develop subsea integrity and surveillance solutions for flexible pipes used in deep offshore oil and gas production.The new agreement extends a collaboration between the companies that began in 1998…
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