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Aker Solutions takes full control over Aker Marine ContractorsAker Solutions ASA has acquired an additional 30% share in Aker Marine Contractors from Taubåtkompaniet AS. "This acquisition reflects our long term strategy to expand our foothold and further strengthen our position across the value chain of marine operations and oilfield services", says Mads Andersen, executive vice president of Aker Solutions. Full text |
Downhole Products Receives Queen's Award for Enterprise
IMCA passes 500 members worldwide
LNG: Powering the Future – A $106 billion market 2008-2012
First Subsea Europe event heads for London
Technip and Geogreen join forces for subsea CO2 capture
ENI enjoy exploration success making it a new major subsea industry player
Technip take over oil and gas engineering company EPG
Aker Solutions boosts its well service business through acquisition of Qserv
Offshore Spend to increase significantly in the years to come
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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
High oil prices will drive oil & gas industry spends on offshore drilling to a total of $380 billion (bn) over the five year period to 2012; a rise of nearly 60% in comparison to the $240bn spent in the previous five years. Full text
The Norwegian Petroleum Directorate (NPD) will commence acquisition of 2D seismic data in Nordland VII and in Troms II outside of Lofoten and Vesterålen around 15 May. The seismic survey company Bergen Oilfield Services AS will carry out the assignment using the vessel S/V BOS Atlantic on behalf of the authorities Full text
ExxonMobil Exploration and Production Malaysia Inc., a subsidiary of Exxon Mobil Corporation (NYSE:XOM), and the Malaysian national oil company, PETRONAS, will continue to work together to help ensure sustainable energy supplies for Malaysia under a planned new 25-year production sharing contract. Full text