The subsea tree market has tanked, but the technology remains viable and vital in the long term.
If the deal receives the blessing of FMC and Technip shareholders and other necessary regulatory approvals, the new company will operate as five business units: surface, subsea services, products, subsea projects and onshore/offshore.
Oil supplies are stable, low prices are expected to continue in 2016 and ‘there are no plans to purchase E&P assets,’ a Korean oil executive says.
How the industry ‘gets out of this mess’ will require addressing financial issues and carefully allocating capital. Opportunities remain.
Well service work has focused on necessary maintenance and little else in the Marcellus Shale area, according to Hart Energy's Heard In The Field survey respondents.
LLOG doesn’t care about being the first or the biggest. But its attention to fundamentals makes it one of the best.
Technology such as wide azimuth seismic and reprocessing older data is leading to oil in the U.S. Gulf of Mexico and the opportunity to find more in Mexico’s shallow water for Talos.