Aker Solutions boosts its well service business through acquisition of Qserv

Aker Solutions boosts its well service business through acquisition of Qserv

Aker Solutions has acquired the shares in Qserv Ltd., a leading provider of well, process and pipeline services in the North Sea and International markets. Qserv is a privately owned company established in 2001. The company has approximately 400 employees, of which 250 work offshore.
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Industry

John Westwood’s speech at the SUT Scholarship Dinner at the Petroleum Club

2008.01.14 - Industry -

John Westwood’s speech at the SUT Scholarship Dinner at the Petroleum Club

John Westwood’s speech at the SUT Scholarship Dinner at the Petroleum Club, Houston January 9th 2008 were he spoke on "Of Presidents & Power; of Energy & Elections". Douglas-Westwood Limited is renowned for its forecasting work in the energy industries, having served investment banks, energy industry players and contractors the world over. Full text

Subsea Deepwater Market to spend $25 billion annually by 2012

2008.01.12 - Industry -

Subsea Deepwater Market to spend $25 billion annually by 2012

The offshore oilfield services sector is facing unprecedented levels of business; some companies that
might normally have a six-month backlog are now booking work for 2011. Recent $100 oil has only
served to add to the already massive demand for the products and services of firms that supply the
offshore oil & gas companies. Suppliers are virtually beating off the customers, but demand continues
to grow. Full text

Goliat Barents Sea oil project solution being closely watched

2008.01.09 - Industry -

Goliat Barents Sea oil project solution being closely watched

The NPD is keeping a close eye on the process of choosing a solution for Goliat. As the first Barents Sea oil project, the field could set a standard for further development in these waters. Full text

Petrobras with more than 2 million barrels per day production record

2007.12.28 - Industry -

Petrobras with more than 2 million barrels per day production record

Petrobras announced it has set another daily oil-production record in Brazil: 2,000,238 barrels, a mark only eight companies in the world have reached. Full text

Candidates for the NPD IOR award 2007 wanted

2007.12.05 - Industry -

The Norwegian Petroleum Directorate (NPD) is looking for candidates for the IOR award for 2007. Full text

Acergy comments on the subsea market outlook

2007.11.29 - Industry -

Acergy comments on the subsea market outlook

The demand for subsea engineering and construction services is expected to remain strong for the
foreseeable future. Today’s $670 million award of Block 15 work in Angola to Acergy signals the
start of the long awaited contract awards for the large deepwater projects in West Africa, which we
expect to see continuing in 2008. Full text

Petroleum production on the Norwegian continental shelf decreases

2007.11.15 - Industry -

Petroleum production on the Norwegian continental shelf decreases

The average daily production was about 2 133 000 barrels of oil, about 220 000 barrels of NGL (Natural Gas Liquids) and about 57 000 barrels of condensate, in total of 2 411 000 barrels liquid. Full text

ExxonMobil Program Fosters Growth and Development in Local Communities in Africa

2007.11.13 - Industry -

ExxonMobil Program Fosters Growth and Development in Local Communities in Africa

Exxon Mobil Corporation (NYSE:XOM) announced today it will host a workshop at the Corporate Council on Africa's 2007 U.S.-Africa Business Summit to highlight its development of national employees and suppliers and strategic community investments in Africa. ExxonMobil is a corporate sponsor of the Nov. 14-16, 2007, summit at the Cape Town, South Africa, Convention Center to promote opportunities for international trade and investment in Africa. Full text

UK North Sea with 4 bln usd investments for next three years

2007.11.07 - Industry -

UK North Sea with 4 bln usd investments for next three years

The investments in the UK continental shelf of the North Sea on oil and gas drilling projects are estimated to reach 4 bln usd over the next 3 years, according to energy consultants Hannon Westwood in a report. Full text

Aker Kvaerner search for new employees with new methods

2007.11.07 - Industry -

Aker Kvaerner search for new employees with new methods

In the middle of the morning rush, 50 Aker employees and managers trolled the train station with professional dancers, reflectors for the autumn darkness, packets of nuts for those who skipped breakfast – and an invitation to apply for a job. Full text

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