Tag: oil and gas
Over $811bn expenditure on oil and gas fields
Over USD 811B will be spent on 615 upcoming oil and gas fields between 2018 and 2025. Globally, capital expenditure (capex) into conventional oil, heavy oil, oil sands and unconventional oil projects would add up to USD 352B, USD 44B, USD 43.
“Them thar rocks”: shale gas holds its own in a difficult...
Despite the dip in oil and gas prices, things are going remarkably well in the shale gas sector. Although there have been layoffs and bankruptcies, the demand for natural gas is increasing, and this rising tide is lifting shale in North America and other countries throughout the world. New technologies make the sector more competitive, which is good news for all suppliers to the sector and will stimulate related industries such as water treatment and desalination.
The Underwater Centre wins top award
The Underwater Centre picked up a top award at the inaugural Energy North Awards Ceremony held in Inverness on 29 September 2011. The Centre won in the Best Oil and Gas Industry Service Supplier category which recognizes companies that are involved in the oil and gas industry in the HIE region.
Van Leeuwen acquires Teuling Staal
The Van Leeuwen Pipe and Tube Group has acquired Teuling Staal B.V. A specialist in the field of duplex and super duplex stainless steel materials, Teuling Staal is a leading supplier of duplex and super duplex stainless steel pipes, fittings, flanges and special products for the Oil and Gas
Iran-Pakistan pipeline to commence
Work on extending the Iran-Pakistan gas pipeline will commence within the next six months and is set to be complete by 2014. Approximately 1100km of the 2700km pipeline has already been completed on the Iranian side of the border,
GL Noble Denton sees opportunities in Asia
GL Noble Denton, an independent technical advisor to the oil and gas industry, has decided to further support the quickly-emerging Asian energy market at the Oil and Gas Asia Conference in Kuala Lumpur this month.