Halliburton snaps up Boots & Coots for $240million
HALLIBURTON has snapped up well intervention, workover and firefighting legend Boots & Coots in a stock and cash transaction worth about $240million.
HALLIBURTON has snapped up well intervention, workover and firefighting legend Boots & Coots in a stock and cash transaction worth about $240million.
FMC Technologies has secured the $210million contract with Total for the manufacture and supply of subsea production equipment for the Laggan-Tormore subsea development West of Shetland.
IMPORTANT new oil finds have been declared on block 15 offshore Angola that clear the way to investment in a new production centre - the so-called Western Hub.
While the recovery may be slower than anticipated by some offshore leaders, it is happening, and 2011 has the makings of a decent year, according to a survey by Maxwell Drummond International.
OIL States MCS says it has successfully completed an underwater, remotely controlled, "fully castellated" cutting operation using one out of a series of eight new-build external cutting manipulators (ECM).
Flexible-pipe specialist flexlife is playing the lead role in a JIP (joint industry project) to carry out ground-breaking research that could help extend the future life span of flexible riser pipes.
Keppel Verolme and consortium partner French energy company AREVA have secured a $117.6million contract from Wetfeet Offshore to build a mobile offshore application barge (MOAB) for a new windfarm in German waters.
RELIANCE Industries, the largest private-sector company in India, is ploughing $1.7billion into the US shale-gas bonanza via a deal with American company Atlas Energy.
Among the critics of shale-gas extraction is energy investment banker Matt Simmons. He argues that the shale phenomenon endangers water resources and provides a means for gung-ho stakeholders to book reserves, and that production profiles are economically questionable.
Shale gas has been around for a long time, with first commercial production in New York in the late-1920s. Now it is back in fashion, fuelled by tax breaks.
Since the announcement earlier this year of the successes of the Blackbeard, and particularly the Davy Jones exploration well, drilled by McMoRan Exploration Company, there has been significant press attention given as to how such large, deep gas plays could be extracted from shallow-water regions in the Gulf of Mexico.
Oh, joy of joys. It's election time again and, despite the effort and mental pain involved, I feel it's my duty to provide you with unbiased (relatively speaking) advice on which one of the parties aiming to take power at Westminster will be best for the energy sector.
Whoever wins the UK general election, and whether that victory is hung or clear-cut, the new administration will be looking for large sums of money wherever they may be available.
Safety is very much in the headlines just now, not least because of the mass grounding of commercial aircraft in Europe because of the currently active Icelandic volcano, and which was, for several days, from the perspective of an aviation turbine, not good news.
There is a resurgence of diving in the North Sea, not just because of a revival of interest in their use by the oil&gas industry, but renewables, too.
Light bulbs which last 100 years, are frugal with energy and fill rooms with brilliant ambience may become a reality sooner rather than later, thanks to work carried out at the US's National Renewable Energy Laboratory.
Scottish marine technology solution provider Nautronix has developed a solution to overcome the issue of "scintillation" (solar activity interference) for vessel station-keeping with a new application of its acoustic positioning system known as NASNet.
In the oil&gas industry, you cannot not begin by trying to look at the global picture, according to Sir Ian Wood.
President Obama has stated the intent to open up US Atlantic, plus further Gulf of Mexico and Alaskan, waters to oil&gas exploration, but it will be at least seven years before any commercial production is achieved, according to analysts IHS Cera.
Brinker is celebrating one full year of zero failures for its multi-award-winning rigless thru-wellhead workover services that are claimed to be redefining the way operators approach well integrity issues and workovers.
Just a few weeks ago, Weatherford's well test facility at Aberdeen Science & Technology Park was dominated by a 220-tonne, 33.5m (110ft) tall bright yellow beast of a thing.
Aberdeen businessmen John "Tiny" Langler and Graham Birnie have acquired most of the business in the UK and overseas of Aberdeen-based oil and gas service company Nexus Assurance, and announced ambitious growth plans.
Sir Ian Wood said yesterday that besides maximising recovery of North Sea reserves and taking advantage of international oil and gas opportunities, the north-east must begin to stake its claim in the new energy industries.
Altra Energy has secured a contract said by industry sources to be worth around £100million to deliver front-end engineering design (FEED) for a new satellite production platform for Apache's Forties field.
ABERDEEN oil and gas consultant Xodus Group said yesterday it had taken on 12 more subsea specialists after securing £4.5million of new work.