BMT Group subsidiary BMT ARGOSS has formed a joint initiative with the Met Office, the UK’s national weather service, and Oceanweather Inc, to help support oil and gas majors with offshore engineering design and operational planning in the mid-Atlantic region…
The Middle East has long been associated with “easy oil” and “low tech, low cost” production models. But the volume, scale and complexity of energy projects across the region are creating increasing demand for advanced technology and expertise…
SNC-Lavalin Group Inc., is opening its regional head office for the Middle East and Africa in Abu Dhabi. The opening of the office, an important milestone in SNC-Lavalin's development, coincides with a contract the company recently signed with Ma'aden in Saudi Arabia…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
Electromagnetic Geoservices (EMGS) has received a Letter of Intent to award a contract for a minimum US $8 million for 3D EM data acquisition in West Africa. It is expected that the 3D EM survey program will be performed using the vessel EM leader…
Petroleum Geo-Services (PGS) has highlighted the exploraton prospectivity of northern Kara Sea, after completing research and 2D seismic in the region. PGS says, according to its research, the area, known as the Kara Plate, is a “highly promising proliferous region”…
Natural gas production will begin this year from the Kirinskoye gas and condensate field under the Sakhalin III project, Gazprom announced.Kholmsk, Sakhalin Region (Image: Gazprom)The announcement followed a meeting between Alexey Miller, Chairman of Gazprom's management committee…
Richard Williams has been named president of Baker Hughes’ US Region. Previously the company’s Gulf of Mexico region president, Williams’ responsibilities in his new role include overseeing the US land region and the Gulf of Mexico geomarket.
Remi Volpe has been named VP-GM for Honeywell Sensing & Control's Europe, Middle East and Africa region, based in Rolle, Switzerland.
Chris Peeters has been appointed EMEA region director of Schlumberger Business Consulting, based in Paris. Previously with McKinsey, he will manage SBC’s utilities practice.
John Hunter has been appointed project engineering manager at Divex’s Westhill, Scotland headquarters. Greg Hewitt becomes the saturation diving systems supplier’s Asia Pacific region GM.
Total spending for upstream oil & gas will hit nearly $1.3 trillion this year, led by a robust North American market, according to a new report by IHS.Driven by strong oil prices and the North American unconventional gas boom, global upstream…
Worldwide utilization for the mobile offshore drilling fleet averaged 72% over the last month. Of late the global utilization rates for semisubmersibles have held steady at approximately 83% while rates for drillships have bounced around the mid-to-low 80% range…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at 74%; holding steady for the last three months at the bottom of a…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide mobile offshore drilling fleet continues to track in the 74-75% range, about 7% below year ago levels. Global…
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