An expected surge in Gulf of Mexico decommissioning activity based on low oil price signals will accelerate the decline in shallow water asset stocks and hasten the need for industry to...
Claims that the UK’s North Sea oil and gas industry is on the verge of collapse are “over the top”, said industry veteran and government advisor Sir Ian Wood this week.
Operators and service providers are cutting staff and freezing investment in a dash to save money as oil prices continue their free-fall, a senior UK industry figure has warned.
Ageing platforms, high costs, integrity issues and low oil prices have led Talisman Sinopec Energy UK Ltd to split into two, with one division focussing only on late-life asset...
Oilfield services giants Halliburton and Baker Hughes today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock...
Baker Hughes, the Houston-based oilfield services giant with specialisms including offshore well abandonment and decommissioning, has confirmed that it has engaged in “preliminary...
FMC Technologies has reported third quarter 2014 revenue of $2.0 billion, up 15 percent from the prior-year quarter, buoyed up with success in its subsea technologies division.
British engineering and consultancy services firm Atkins has acquired Houston-based oil and gas engineering business, Houston Offshore Engineering (HOE), for $73m.
