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 [...]
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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Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM),has provided a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryroe on behalf of its partner Lansdowne Oil and Gas plc. The [...]
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiaries, Keppel FELS Brasil S.A. and Estaleiro BrasFELS Ltda, has signed a Letter of Intent (LOI) with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semisubmersible (semi) drilling rigs based on Keppel’s proprietary DSSTM 38E design. The aim of the [...]
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UK’s Petrofac and French based Schlumberger announced today that their Integrated Energy Services (IES) and Schlumberger Production Management (SPM) divisions respectively have signed a Co-operation Agreement under which these divisions will establish a working relationship to deliver integrated and high-value production projects in the emerging and growing production services and production enhancement market. “Schlumberger’s subsurface [...]
![Wood Mackenzie Says Modern Resource Themes Set Solid Foundations for Long-term Value Growth in O&G]()
Wood Mackenzie dispels talk that the oil and gas business is a ‘sunset industry’ in a report titled ‘The changing face of upstream value’. This documents strong, prospective value growth in the upstream industry, with a 23% increase on Wood Mackenzie’s 2010 forecast. The sector is valued at approximately US$3.2 trillion, not including exploration acreage [...]
![Sale of Havila Saturn AHTS Shows High Value of Havyard Design in Second Hand Market (Norway)]()
Havila Saturn, a Havyard 842 design, is sold on from Havila Shipping ASA with a considerable profit to an international buyer. The AHTS vessel delivered in 2008 from Havyard Leirvik AS was the first ever Havyard design. With the ship now being sold on at a good profit only confirms that the Havyard 842 [...]
February 15, 2011 | Posted in
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