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Category Archives: News

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Oil & Gas UK Launches New Guidelines on Planned Maintenance Shutdowns

August 2, 2015

Oil & Gas UK launched new guidelines Thursday, in an attempt to minimize the frequency and duration of planned maintenance shutdowns and improve the reliability and safety of installations on the UK Continental Shelf. The Guidance for the Efficient Execution of Planned Maintenance Shutdowns offers directions for all types of planned shutdowns including corrective, breakdown… Continue Reading »

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Mexico To Postpone Deep Water Auction, Adjust Next Oil Tender Terms

August 1, 2015

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production contracts and adjust the terms of upcoming tenders after an inaugural oil auction failed to meet the government’s modest expectations. Energy Minister Pedro Joaquin Coldwell told local television the government will change… Continue Reading »

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Oceanteam Acquires Oceanwind

August 1, 2015

Oceanteam Shipping has acquired the remaining 48% stake in OCEANWIND BV and is now the sole owner of Oceanwind Cable Storage & Handling Solutions. As a result of the acquisition the company’s name will be changed to Oceanteam Cable Solutions, whereby it can now fully focus and grow its worldwide cable transport, handling and storage services… Continue Reading »

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UK Oil, Gas Industry Companies More Optimistic in 2Q

July 30, 2015

Companies in the UK oil and gas industry are becoming more optimistic about the sector, according to Oil & Gas UK’s latest Business Sentiment Index (BSI). Published Wednesday, the BSI for the second quarter of 2015 reveals that respondents returned a score of minus 27 on a -50/+50, which marked a four point increase from… Continue Reading »

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Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling

July 28, 2015

The deep-ocean strategy is coming back to bite South Korean shipyards. Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. — South Korea’s Big Three shipbuilders — ventured into offshore oil rigs starting around 2010. The goal was to avoid direct competition with China, where inexpensive labor could churn… Continue Reading »

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China Says Japan’s East China Sea Pictures Provoke Confrontation

July 26, 2015

Japan’s release of pictures of Chinese construction activity in the East China Sea will only provoke confrontation between the two countries and do nothing for efforts to promote dialogue, China’s Foreign Ministry said. In a defence review this week, Japan urged Beijing to stop building oil and gas exploration platforms close to disputed waters in… Continue Reading »

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Oil, Gas Companies Collaborate with Schools to Recruit Minorities and Women

July 25, 2015

In 2012, after spending five years living in other countries as part of her job with Halliburton Co., Cindy Patman and her family returned to the United States where Patman’s daughter began middle school. One day, Patman’s daughter came home with news that she didn’t make her school’s math and science team. Cindy Patman Senior… Continue Reading »

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Wall Street Lenders Growing Impatient With US Shale Revolution

July 22, 2015

Halcon Resources Corp. almost ran into trouble with its banks in June 2013. And again in March 2014. And in February 2015. Each time, the shale driller came close to violating debt limits set by its lenders, endangering a credit line that provided as much as $1.05 billion in much-needed cash. Each time, Halcon’s banks,… Continue Reading »

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Harkand Gets Oaktree Boost

July 19, 2015

Harkand’s key shareholder Oaktree Capital Management has invested an additional $25 million which should allow the company to expand its footprint in new and existing regions. The IMR specialist has recently been awarded three major frame agreements taking them into West Africa and Mexico for the first time. It has also expanded its services with its first… Continue Reading »

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