Infinity, Medserv Form Services JV
Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services to the oil and gas market.The InMedCo joint venture combines Infinity’s technical and engineering expertise with Medserv’s integrated logistics capability and quayside facilities in Malta and Cyprus.The company provides inspection…
DNV GL Taps Oudman as Regional Manager
As the global energy transition in the oil and gas industry marks significant changes to come, regional adaptions will pose a broad variation of challenges and opportunities. DNV GL – Oil & Gas has appointed Ben Oudman as Regional Manager for Continental Europe, Eurasia, Middle East, India and Africa to further strengthen the company’s efforts to help the industry overcome barriers to progress.
CGG, Wood Mackenzie Release EV2 Exploration Valuation Platform
The EV2 decision support platform enables oil and gas clients to determine the value of undrilled exploration acreage in the world’s most prospective basins. Combining the geological expertise of CGG Robertson with the commercial insight of Wood Mackenzie, EV2 represents an industry first in terms of coupling a flexible valuation tool with a rigorous and detailed geological knowledge base in an intuitive environment.
Intertek Launches Coriolis Meter Calibration Service
Intertek, a quality solutions provider to industries worldwide, has launched an onsite Coriolis flow meter calibration service, delivering industry leading technical expertise and cost and efficiency savings to its oil and gas clients. Coriolis flow meters are one of the most reliable instruments with which to determine flow measurement and have become increasingly commonplace in oil and gas flow measurement systems.
Vistem's Mobile Access Platform for Offshore Sector
VISTEM, a provider of game-changing technology to the oil and gas industry, has launched an innovative mobile access platform for the offshore sector that is set to bring significant cost, time and safety benefits to clients. The ATEX approved access lift, which reaches a height of 3.5m, is battery and motor free. Powered by a pre-loaded gas spring and gear system, the turning of the simple dead man handle raises and lowers the platform.
O&G Software Specialists Posts Record Year
Launching Datum360 in 2009 as an engineering information consultancy, founders Steve Wilson and Dave Mitchell have turned the company into a £1.8 million turnover business that within the last three years has become one of the U.K.’s leading providers of Software as a Service (SaaS) to the oil and gas sector. Providing information management software to oil and gas clients across the globe including Houston and Kuala Lumpur…
CGG to cut Vessel Fleet Further
French seismic group CGG said on Thursday it would further cut its fleet of seismic vessels after declining demand from oil and gas clients hit by the falling oil price led it to record an impairment and one-time charges of $643 million in the fourth quarter. Like peers across the oil services industry, CGG has been badly hit by cutbacks in the sector in…
Banks Reassess Credit for U.S. Energy Firms
Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. With U.S. crude production still rising and the oil cartel OPEC showing no willingness to cut output to curb global oversupply, there is little to suggest that prices will rebound soon from a 40 percent slide since June.
Pain Looms for Some US Energy Firms as Banks Reassess Credit
Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. With U.S. crude production still rising and the oil cartel OPEC showing no willingness to cut output to curb global oversupply, there is little to suggest that prices will rebound soon from a 40 percent slide since June.
Demand Draws Johnston Carmichael to Middle East
A team from Johnston Carmichael is to visit the Middle East next week as an increasing number of its oil and gas clients look towards investment in this fast growth region. The drop in oil price and current uncertainties in the North Sea have meant companies are looking for new countries and emirates to expand into, with the UAE market proving to be a popular choice thanks to its track record and relative stability.
Intertek Invests in O&G Lab in Abu Dhabi
Intertek expanded its Exploration and Production services in the Middle East by investing in a new £1.4 million facility in Abu Dhabi. The laboratory will house cutting-edge equipment that will enable the organization to provide high-specification testing for oil and gas customers in the region. Located in Musaffah, the laboratory will provide reservoir characterization…
