Richard Degner, president and CEO of Global Geophysical Services, was named Ernst & Young’s 2012 entrepreneur of the year in the Gulf Coast oilfield technology category. He was acknowledged for turning his vision of building a new geophysical company into a reality from the ground up…
Steve Moir has been named as North Sea technical sales manager for downhole tool provider Peak Well Systems, based at its Aberdeen office. He joins from Expro and prior to that served with Halliburton.
Steve Watson is heading up EnerMech’s first office in India (see ‘Firms’) and will also serve as Mumbai-based country manager. He previously worked for Halliburton and managed pipeline and process projects in India for ONGC, Cairn Energy, Aker and Helix Energy Solutions.
Stuart Bell has been appointed MD of the newly established UAE office of hazardous area electrical equipment supplier Dron & Dickson.
Terrence Singam has been named sales director East Asia for UK-based metering, processing, treatment and control solutions provider Alderley, based in Singapore. He previously worked for FMC, Tyco and Emerson.
Zalmay Khalilzad, a former US ambassador to Afghanistan and Iraq, has been appointed to the board of Tethys Petroleum. Tethys has interests in Kazakhstan, Tajikistan and Uzbekistan.
During the last week of June in the US, anything that wasn’t ‘Obamacare’ didn’t get much news coverage. With that in mind, one had to wonder why ‘36 citizen organizations with more than 1.1 million combined members’ chose 27 June to release…
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…
Statoil and its partner Sinochem have agreed to purchase the Peregrino FPSO from A.P. Moller-Maersk Group. The floating production, storage and offloading unit has been in use at the Statoil-operated Peregrino field in Brazil since production start-up in 2011…
Oil & gas companies will spend roughly $135 billion on subsea hardware between 2012 and 2016, an increase of 14% over the preceding five-year period, according to a new report from Douglas-Westwood.Spending took a hit in 2010 and 2011 as the…
High demand for goods and services helped push up building and operating costs for upstream oil & gas facilities over the six-month period covering 3Q 2011 to 1Q 2012, according to two IHS cost indexes. The IHS Upstream Capital Cost index rose 2…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comMaking a strong showing during the second half of 2012, North Sea utilization rates are leading the way with a 96% average.The worldwide competitive…
Overall, total capital investment on developing UK oil & gas reserves rose by 40% to £8.5 billion in 2011, according to Oil & Gas UK's 2012 Economic Report. Confirmation in the 2012 UK Budget of measures to promote activity in a targeted way…
French-owned utility group GDF Suez is stepping up its UK exploration and production operations with the goal of becoming a major player in the North Sea. The company's UK E&P arm has been involved in the sector for the past 15 years, but is now working up major expansion plans…
Mexico's latest licensing round only the second in state oil company Pemex's long history, made possible by recent exploration & production contract reforms failed to draw a successful bid for the offshore blocks on offer. Russell McCulley talks to Juan Carlos Zepeda Molina…
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