Wood, NERA Team Up for AI-Powered Subsea Inspections
Oil and gas engineering firm Wood has teamed up with National Energy Resources Australia (NERA) to develop and deliver an AI Inspection tool for subsea oil and gas infrastructure.The companies say that the solution has the potential to revolutionize the way asset inspections are conducted…
GATE Energy Moves into Singapore
GATE Energy, a player in oil and gas engineering, commissioning and specialty field services, announced the opening of its new Singapore office."This marks the first permanent location for the GATE Energy family of companies outside of the United States," said a press release.Since GATE Energy first opened its office in North America in 2000…
UniversalPegasus Appoints Bury as VP
Huntington Ingalls Industries (HII) subsidiary UniversalPegasus International has named Greg Bury vice president of business development in Canada. He will report directly to UPI President Philip Luna. Bury has been involved with business development throughout his 30-plus years in business.
Nexen Apologizes for Oil Sands Spill, Cause Unknown
exen Energy apologized on Friday for an oil sands pipeline leak in the Canadian province of Alberta that is one of North America's largest-ever oil-related spills on land, and said its clean-up crews were working around the clock. The subsidiary of China's CNOOC Ltd said it is still trying to find the root cause of the leak in the pipeline…
Kemp: Britain's North Sea O&G Firms Must Look to Future Abroad
Britain's North Sea oil and gas operators are mounting an impressive lobbying campaign to win tax concessions and other government help ahead of the final budget of this parliament on March 18. In an editorial in Thursday's Financial Times newspaper endorsed the idea of "a new deal to keep North Sea oil flowing".
Mass Layoffs Complicate Oil Industry's Long-Term Plans
"This is the really crappy part of the job, and this is what I hate about this industry frankly," the chief executive of oilfield services company Baker Hughes complained as he announced it would lay off 7,000 employees. Baker Hughes is cutting jobs in response to slumping prices and a downturn in drilling activity.
Mirzan Joins SBI Offshore Board of Directors
SGX Catalist-listed SBI Offshore Limited announced the appointment of Mirzan Bin Mahathir to its board of directors with effect from October 29, 2014. Mirzan has been appointed non-independent, non-executive director following the partial completion of a placement of SBI Offshore’s shares to him and two other investors on October 27…
SBI Wins Jack-up Design and Engineering Contract
SBI Offshore Limited, which is pursuing higher-value oil and gas engineering projects, said today it has secured a $24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte.
EnerMech Acquisitions Extend its Presence in US, Africa
Oil and gas engineering specialist, EnerMech, has extended its international presence in the cranes and lifting and valves sectors with two acquisitions in the USA and Africa. The combined value of the deals is said to be approximately £4 million and are forecast to add an extra £25 million to group revenues over the next three years.
