Month: October 2017

Fugro lands site survey gig in Mexico | Offshore Energy Today

Fugro, a Dutch provider of offshore and onshore geotechnical and survey services, has been awarded a new contract with the Mexican national oil company, Pemex. The large survey contract was awarded to Fugro in conjunction with its long-time associate, Constructora Subacuática Diavaz, S.A. de C.V.Valued at approximately $10 million, the contract covers work between August and December 2017, Fugro said on Thursday.The company further said that offshore operations, including multi-site high resolution geophysical and geotechnical surveys together with laboratory testing and geoconsulting services, would support design and/or installation of platforms, pipelines, jack-up platforms and deepwater facilities.

Source: Fugro lands site survey gig in Mexico | Offshore Energy Today

2017 Oil and Gas Industry Outlook | Deloitte US

Long-term impacts of the downturn The impact of the extended oil price downturn will likely have long-term effects on the industry in a number of areas including capital allocation and people: Capital allocation The survival mentality in the oil and gas industry seems to have resulted in a mindset shift toward shorter-cycle projects. $620 billion of projects through 2020 are estimated to have been deferred or canceled as a result of the downturn, and the appetite for long-term and complex major capit

Source: 2017 Oil and Gas Industry Outlook | Deloitte US

2017 Oil and Gas Trends

2017 Oil and Gas Trends How energy companies can adjust their business models to a period of recovery. The character of Chuck Noland, played by Tom Hanks, says near the end of the film Cast Away, “…because tomorrow the sun will rise. Who knows what the tide could bring?” He makes this observation after having survived on a desert island for four years before being rescued and returned to civilization. If you’re a top executive in an oil and gas company, more than likely you’re feeling the same way r

Source: 2017 Oil and Gas Trends