OTC 2016: Operators squeezing service sector harder than ever, it’s squealing back
Operators are squeezing the service sector as hard as they ever have and it's starting to squeal back, according to company leaders.
Operators are squeezing the service sector as hard as they ever have and it's starting to squeal back, according to company leaders.
Third-time OTC exhibitor Reactive Downhole Tools (RDT), of Aberdeen, has beefed up its management team by appointing someone to head up business development in North America.
The new international tax regime being adopted across the world presents a serious risk to the regeneration of the oil and gas sector, specialists have warned.
The days of the industry spending profits on handbags and fast cars are over, according to the executive chairman of OES Oilfield Services Group.
Continued instability in the North Sea is prompting a new generation of oilfield services companies to look towards expansion into the US as a means of securing new business and attracting investment.
A joint industry project led by DNV GL has come to the view that wind-powered water injection is a viable alternative to conventional, energy intensive systems offshore.
A Texas provider of hot work safety enclosures has unveiled a new modular system designed and manufactured in Dundee, Scotland.
Oilfield services specialist Expro has completed a plug and abandonment (P&A) project in the Gulf of Mexico (GoM) for Apache.
The worst of the oil price rollercoaster is over, according to industry leader Sir Ian Wood.
The world's biggest oil and gas show opened in Houston yesterday, with as many as 100,000 delegates attending. Energy Voice and the Press and Journal are there to cover the event, but before the business began, there was time on Sunday for good music, good food and a few drinks at the P&J pool party. We had a photographer on hand to mark the occasion.
Steven Calder is standing in a Spanish promenade when he taps in ‘best tapas bars’ into his iPhone. Seconds later he’s staring at a selection of the most highly lauded pit stops in a five mile radius.
Global oilfield procurement firm Craig International is today launching a new online platform to help companies buy and sell spare equipment at knock-down prices. Craig International, part of Aberdeen-headquartered energy service and shipping business Craig Group, said oil and gas companies have billions of pounds worth of stock gathering dust and racking up storage costs in warehouses. At the same time, companies are needlessly buying new equipment when it would be cheaper and more efficient to purchase used gear from their counterparts.
North Sea operating costs must be get below $20 per barrel for the sector to survive its latest downcycle, according to new research.
The Middle East and sector diversification are the industry’s answer to weathering the oil price storm, according to new research.
Subsea “back deck” solutions company Maritime Developments (MDL) has established a subsidiary in Houston following growing success winning business with companies working both the US domestic and wider international upstream markets. This is seen as a springboard both into US and global offshore opportunities perhaps more easily accessed and bid from the world’s oil & gas capital than Europe.
Given the devastating effects of the worst downturn in the energy sector since 1986, it is no surprise that fewer people are on the shuttle from Aberdeen to Houston for OTC 2016.
As the oil price rally paused for breath yesterday, industry specialists are claiming that the market has bottomed out.
BP said its coined "lower for longer" downturn theme did not mean it believed it would be "lower forever".
80:20 has landed £25million in North Sea contracts.
Scottish drone technology specialist Cyberhawk Innovations is using its oil and gas unmanned aerial vehicle (UAV) experience to underpin the launch of its new Houston office.
The lines between renewables and upstream technology will begin to blur as the industry works to combat Brent benchmarks, according to JDR's chief technology officer.
A steel pipeline developed in the UK has achieved an industry first by becoming the deepest to be laid in the Mexican section of the Gulf of Mexico.
At a time when much of the oil & gas industry is slashing costs, Aberdeen’s Balmoral Group is investing £20million in an ultra-deepwater test facility.
As Aberdeen battles its latest oil price storm, 4,500 miles away a US town is caught up in the same headwinds, but this time with a much steadier oar.
Weir Oil & Gas has joined forces with Rolls-Royce to launch a new firm dubbed EPIX.