BAKER Hughes which completed its acquisition of BJ Services on April 28, said yesterday it had achieved net income of £58.49million for the second quarter of 2010, compared with £54.72million a year earlier.
Scottish engineer Weir Group said yesterday that against the background of an uncertain economic recovery, it had once again delivered an excellent set of results with all divisions recording profits and improved margins.
EnQuest the new UK North Sea oil and gas operator formed in a demerger of assets by British energy service group Petrofac and Sweden's Lundin Petroleum, unveiled its first acquisition yesterday.
RED Spider Technology, the remote-technology specialist serving the international oil and gas industry, has appointed Gary Connel to the new post of chief financial officer and as a director as part of its growth strategy.
North-east subsea technology and service company Triton Group and four other firms are part of a five-way merger under the umbrella of Forum Energy Technologies (FET).
Environmental campaigners have called on the UK Government to halt BP plans to begin a deep-sea drilling operation west of Shetland in the wake of the Gulf of Mexico disaster.
In 2009, for the second year in a row, both Europe and the US added more power capacity from renewable sources such as wind and solar than conventional sources such as coal, gas and nuclear.
MORE than 100 new offshore wind turbines have been fully connected to the grid during the first six months of this year alone, according to the European Wind Energy Association (EWEA).
The under-performance of oil&gas against the broader market could be blamed on a number of things, including the uncertainty over the future of BG Group's Queensland Curtis coal-to-LNG project from the proposed resource super-profits tax in Australia (the project was subsequently made exempt from the tax after a rethink) and the change of UK prime minister in July.
Both the UK and US have, for some time, enforced sanctions against Iran as a result of its breaches of international law in relation to nuclear activity, but recent changes are likely to significantly increase the impact of these sanctions on the oil industry.
The oilfield services (OFS) industry was enjoying one of its most prolonged up-cycles in memory until the global recession reared its ugly head. After adjusting to the new financial environment and beginning to show positive signs again, the blowout on the Deepwater Horizon on April 20, 2010, happened.
For Gareth Lindsay, 27, a graduate structural engineer at oil services group PSN, his decision to get into oil&gas has become his passport to the world - including Down Under.
UNDERWATER technology company Tritech says it is doing its bit for the next generation by "nurturing the potential" of five student apprentices at its Ulverston, Cumbria, satellite and its Westhill, Aberdeenshire, HQ.
Engineers at the University of Hertfordshire are working on a dual-fuel rocket that could provide technology suitable for a rocket for Mars and will have a negative carbon footprint.
SUBSEA service specialist Offshore Marine Management (OMM) has instructed independent marine design consultancy BMT Nigel Gee to design an operations and maintenance vessel for the next phase of offshore windfarm development.
Heerema Marine Contractors (HMC) has issued a letter of intent to Daewoo Shipbuilding and Marine Engineering (DSME) for the building of a new deepwater construction vessel.
Economic exploitation of stranded reserves often calls for the use of long subsea tie-backs in deep water, but this can present significant challenges with respect to flow assurance and the associated requirements for insulation of pipelines and subsea hardware.
It's summertime and maybe the last thing on our minds is seasonal flu. However, now is the time to give some thought to the passing of the seasons and the inevitable arrival of winter and accompanying seasonal-flu outbreaks.
Several recent exploration successes show there is still much to play for in the UKCS. With drilling maintaining the levels of the previous month, the outlook for 2010 is potentially as good as any year since 2006, except for 2008.
Drillers are up in arms about the July 12 suspension of drilling in the US Gulf of Mexico. The International Association of Drilling Contractors "unequivocally opposes" the decision, saying the "blanket, industry-wide edict is contrary to precedent and abrogates lawful offshore leases".
As BP gets to grips with the Macondo well blowout in the Gulf of Mexico that continues to generate such a furore in the US, both the politicians and the oilmen are beginning to look to the future.