Oil & Gas UK’s survey of the well services sector published yesterday (23 May) reveals that companies delivering drilling, completion, testing and maintenance for oil and gas wells generated gross revenue of £1.9 billion ($3.05 billion) in 2012, the highest since records began in 1996. In line with increasing oil and gas activity on the [...]
As part of concerted efforts to further transform the Nigerian Petroleum Sector, the Federal Government and the Republic of South Africa have signed a Memorandum of Understanding, MOU, in the oil and gas sector to reinforce and strengthen the existing win-win symbiotic relationship between the two largest economies in Africa. Speaking on the sidelines of [...]
May 20, 2013 | Posted in
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GE’s Measurement and Control business today announced two innovative condition monitoring and sensing solutions for the subsea sector: the Acoustic Leak Detection System and the Subsea Multi-Domain Condition Monitoring System. Representing the first products resulting from GE’s acquisition of Naxys in 2012, these solutions allow oil and gas operators to monitor the integrity of their [...]
Nexans, a worldwide expert in the cable industry, has made a breakthrough in the Malaysia offshore sector with the award of a major contract by Persada Engineering to supply an electro/hydraulic subsea umbilical for Sarawak Shell Berhad’s F29 field development. The 22 km Nexans umbilical will be installed in a water depth of around 100 [...]
Research identifying strengths and weaknesses in the oil & gas decommissioning sector has been outlined to delegates who attended a new one-day event for the sector which took place in Aberdeen on Wednesday, March 27. Decom Offshore 2013 was held by offshore oil & gas decommissioning forum Decom North Sea (DNS) at Aberdeen Exhibition and [...]
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Former Chancellor Alistair Darling will be the keynote speaker, alongside European Commissioner for Energy Gunther Oettinger and chief executive officer of Maersk Oil, Jakob Thomasen, at an annual energy dinner to be held in Aberdeen this week. The Rt. Hon Alistair Darling MP, who led the Exchequer from 2007 to 2010 under the last Labour [...]
Wood Mackenzie’s annual review of the Norwegian upstream sector shows that the country’s oil and gas industry is thriving: 2012 was a record year for capital investment, M&A activity, and licences awarded. However, this was tempered by an underwhelming year for exploration and concerns about the sector overheating, as the ramp-up in activity on the [...]
![Wood Mackenzie: Mixed UK Upstream Sector Review]()
Wood Mackenzie’s annual UK upstream review concludes that continued high oil prices and fiscal engagement between the UK Government and industry have given companies the confidence to invest in the UK. However optimism generated by high levels of capital investment and M&A activity has been dampened by poor exploration and production performance in 2012. Wood [...]
The business confidence index published by Oil & Gas UK today (21 December) reveals a slight decline in the third quarter of 2012 from the record high of 65 recorded in the second. The drop in confidence, however, is more likely to be linked to the industry’s buoyant reaction to the incentives announced by the [...]
The oil and gas sector is continuing to outperform the rest of the Scottish economy, according to new survey findings published today (5 November 2012). The 17th Aberdeen & Grampian Chamber of Commerce oil and gas survey reveals that activity and confidence in the sector continues to rise with a strong demand for employment and [...]
