BG Group Chief Executive, Chris Finlayson will today deliver a strategy update outlining the next stage of the company’s growth. The Group’s immediate priority is execution, primarily the delivery of its 2013 milestones and the growth projects in Australia and Brazil. As detailed in the company’s first quarter results, BG Group is making good progress [...]
Within the global oil and gas industry the mobile offshore drilling unit (MODU) market is taking on an increasingly important role, say Visiongain in its report. Offshore hydrocarbon reserves will be one of the most important sources for the global oil and gas sector over the next decade and MODUs are an indispensable element of [...]
Incat Crowther has been awarded contracts to design a pair of new fast oilfield service vessels for Arpoador Engenharia in Brazil. The 36m vessel will meet the Petrobras type P2 specification and the 48m vessel will comply with the type UT4000 specification. 36m Monohull Crewboat The first of the two contracted vessel types is a 36m Monohull [...]
In the last 12 months GE has won contracts valued at more than $600 million to provide propulsion systems with customers leading the pre-salt oilfield expansion off Brazil’s east coast.
April 3, 2013 | Posted in
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CAE yesterday announced at the Helicopter Association International (HAI) Heli-Expo conference that it has significantly enhanced pilot training for helicopter operators serving the oil and gas market, customizing aircraft training curricula for offshore operations. Working with partner CHC Helicopters, CAE subject matter experts have integrated offshore elements of standard operating procedures, checklists and other operational [...]
The Society of Petroleum Engineers London Section (SPE London) today announced that Africa’s oil and gas market is a key focus for its upcoming conference and exhibition, which takes place on 22-23 May at Savoy Place in central London (UK). Africa in general has seen renewed interest in its energy sector from both investors and [...]
March 4, 2013 | Posted in
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Visiongain’s analysis indicates that the FLNG market will reach a value of $9.5bn in 2013, as confidence and investment continues in the regasification side of the market (FSRU) and final investment decisions are made on floating LNG production vessels (LNG FPSO). One core factor underpinning this is the arbitrage opportunity that exists between the supply [...]
February 21, 2013 | Posted in
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The global market for remotely operated vehicles (ROVs) in the oil & gas industry will reach a value of $2.46bn in 2013,according to a report published by Visiongain. The sector will experience strong growth over the forecast period as increasing expenditure in the deepwater and subsea construction markets create strong demand for ROVs. The lead [...]
February 12, 2013 | Posted in
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Singapore’s rig builder Keppel FELS Limited (Keppel FELS) is delivering its first rig of 2013 to Vision Drilling Pte Ltd (Vision Drilling), a wholly owned subsidiary of Cyprus based Dynamic Offshore Drilling Limited (Dynamic Offshore Drilling). The KFELS B Class jackup rig, Dynamic Vision, will be Vision Drilling’s first such rig and will be delivered [...]
Norwegian subsea entrepreneur Ocean Installer and leading offshore engineering and construction company McDermott have established an exclusive alliance to jointly meet customers’ increasing rigid pipelay needs in the North Sea subsea market. The alliance marks McDermott’s re-entry into the North Sea and establishes Ocean Installer as a tier one North Sea contractor by adding rigid [...]
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