More than a decade ago, deepwater oil production in the Gulf of Mexico surpassed shallow water output for the first time ever. These days, rigs are found hundreds of miles offshore. Companies need to get equipment, employees, fuel and mud to those sites economically and usually on a tight schedule…
John Wishart takes the helm as higher energy prices spur asset investment and demand for technical assurance. Wishart, who has assumed the role of Energy Director after joining the organisation from GL Noble Denton, will be based in London…
Reservoir Group has strengthened its portfolio of completion and production services with the announcement that two well intervention specialists have joined the ‘club’. The Tool Company, located in Assen, The Netherlands and the Aberdeen-based firm…
Aker Solutions will today announce at the company's capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market outlook for the oil services industry. The company…
MOL Earns World’s 1st Certification for Ship Energy Efficiency Management Plan; Recognizing effectiveness of SEEMP in reducing vessel CO2 emissions. Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the Ship Energy Efficiency Management Plan (SEEMP*1)…
BOEM Will Hold Public Hearing on December 8th in New Orleans on Proposed Oil and Gas Leasing Program. The Bureau of Ocean Energy Management (BOEM) will hold a public hearing in New Orleans on Dec. 8, 2011, to provide an opportunity to comment…
Delegates at the World Petroleum Congress believe the oil and gas industry is not doing enough to encourage future generations to join the sector, according to research from GL Noble Denton. Oil and gas industry professionals believe that…
IHC Merwede strengthens its internationalisation strategy with new CEO for South East Asia.IHC Merwede, a global maritime, engineering and manufacturing group, has appointed Denis Welch as its CEO for South East Asia. He will be responsible…
Signal International announced that on November 16th, 2011, its Texas Operations in Orange, Texas achieved one full year, working 451,116 man-hours, without the occurrence of an OSHA recordable incident. This is a significant safety milestone…
International oil companies remain vital to the growth of Asian oil and gas industry. Asia still requires the injection of profit-driven innovation from international oil companies, sector leaders claim. Asia needs international oil companies…
Walter Cumming, head of oil and gas, Barclays Corporate, weighs in. The theme of cautious optimism remains as we move towards the end of the year and all eyes are on the 2012 budget as the industry hopes to see longer-term certainty and clarity in areas such as decommissioning…
Swire Oilfield Services, a provider of offshore cargo carrying units and associated services, has appointed Michael King as its new UK operations director. In his new role, Mr. King will ensure that the operational capability is fully developed…
Secretary of the Interior Ken Salazar today named Rear Admiral James A. Watson IV as the Director of the Bureau of Safety and Environmental Enforcement (BSEE). BSEE was one of the two agencies to succeed the Bureau of Ocean Energy Management…
According to the International Energy Agency’s Monthly Oil Market Report, global demand for oil usage has been adjusted slightly downward, as persistent economic uncertainty and sustained high oil prices have simultaneously thwarted demand’s previous trek upward…
Wilhelmsen Ships Service’ (WSS) was a sponsor of last month’s Smart Shipping event in Singapore, with Business Director Ships Agency Frederic Fontarosa describing it as an ‘essential conference for the industry which is certain to root itself firmly in the international maritime events calendar’…
