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Technip take over oil and gas engineering company EPGTechnip today announced the acquisition of EPG (BV Ingenieursbureau EPG), a specialized engineering company with strong positions notably in the oil and gas and petrochemical sectors. Based in the Netherlands, EPG employs 120 people. Full text |
Aker Solutions boosts its well service business through acquisition of Qserv
Offshore Spend to increase significantly in the years to come
Floating Production: Strong Growth in Spend Forecast
Subsea company Aker Solutions opens drilling risers facility in Brazil
Brad Jeter Joins Forces with Niche
Middle East & North Africa Oilfield Services – A $12.4 Billion Market by 2012
2008 Offshore Technology Conference OTC enjoy new attendance record
Advances in Oil and Gas Leasing, Drilling and Production Continue in Deepwater Gulf of Mexico
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Technip today announced the acquisition of EPG (BV Ingenieursbureau EPG), a specialized engineering company with strong positions notably in the oil and gas and petrochemical sectors. Based in the Netherlands, EPG employs 120 people. Full text
Aker Solutions has acquired the shares in Qserv Ltd., a leading provider of well, process and pipeline services in the North Sea and International markets. Qserv is a privately owned company established in 2001. The company has approximately 400 employees, of which 250 work offshore.
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The frenzied search for, and development of, new oil and gas supplies in ever more demanding areas, driven by higher than ever oil prices, is expected to lead to offshore industry spends rising to $840 billion (bn) and $715 billion (bn) for Capex and Opex respectively over the five year period to 2012 Full text
Over the next five years some $43 billion is likely to be spent on floating production systems as a total of 123 FPSs are installed worldwide. These are amongst the forecasts in a new report launched in Oslo today by energy analysts Douglas-Westwood. Full text
Aker Solutions today officially opens Brazil's only manufacturing centre for deepwater marine drilling risers. Located in Rio das Ostras, on the east coast of Brazil, the unit is ideally positioned to serve the fast-growing Brazilian oil industry and capitalise on the boom in the global rig market. Full text
Brad Jeter, former President of MacDermid Offshore Solutions and Sales Manager for JDR Umbilical Systems, has joined forces with Niche Products, a Privately Owned Chemical Speciality Company based in Manchester UK, to market the company's range of hydraulic fluids across USA, Mexico and South America. Full text
Expenditure within the Middle East & North African drilling and workover segments amounted to some $7.7 billion in 2007 and is forecast in a unique new study from energy analysts Douglas-Westwood to rise to $12.4 billion per year by 2012. Full text
Attendance at the 2008 Offshore Technology Conference (OTC) reached 75,092, a 26-year high, as energy professionals from 110 countries met to learn about the latest technology to find and produce offshore oil and natural gas resources. The world's largest offshore event was held May 5-8 at Reliant Park in Houston. Full text
With approximately 72 percent of the Gulf of Mexico’s oil production coming from wells drilled in 1,000 feet (305 meters) of water or greater, advancement into deepwater Gulf of Mexico (GOM) continues as offshore operators meet the challenges presented in exploring and developing this energy frontier. Full text
Flotation Technologies, Inc., a world leader in the engineering, design and manufacturing of deepwater buoyancy and polyurethane elastomer systems, today announced that it will be acquired by Houston-based Deep Down, Inc. Full text