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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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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
A new study carried out by Arthur D. Little and commissioned by industry body Subsea UK has revealed that the Subsea oil and gas sector has grown from £3.35 billion in 2006 to £4.3 billion in 2007. Full text
Today, Douglas-Westwood Limited, the energy business consultants, announced it has provided advisory services to $10 billion of energy related transactions during 2007. Andrew Reid, director of Transaction Services, commented, “2007 has proven to be highly active as far as energy related M&A activity is concerned. Although our work is predominately global, the UK market is still highly influential in the raising of private equity and debt and we expect to see this continue at least for the first half of 2008”. Full text
The National Oil Corporation signed an Exploration and Production Sharing Agreement with ExxonMobil Libya limited for seismic and exploration drilling. Full text
Seventy per cent of the UK-based oil and gas field operators and contractors that took part in the ninth Aberdeen and Grampian Chamber Oil and Gas Survey said that they found it difficult to recruit enough skilled staff. This can have a knock-on effect and cause delays to major North Sea projects. Full text
International oilfield service company Expro has won the coveted ‘Subsea Company of the Year’ award at the Subsea UK Business Awards 2008. Full text
Aker Oilfield Services Ltd has signed a letter of intent with Expro International Group Plc (“Expro”) to jointly market its state of the art fleet of well intervention vessels together with Expro’s propriety AX-S riserless well intervention technology.
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“I just could not believe the scale of my numbers – if we could stop burning off the 150 billion cubic meters of natural gas per annum, that is a waste product of oil production, it would be the CO2 greenhouse gas equivalent of removing 100 million cars from the world’s roads; one seventh of the total global car population.” Full text