GLG News by Oilfield Equipment Experts

Small, agileindepedents have demonstrated exploration success along the Eastern Pacific Margin.  Although this region gave birth to much of the moderan oil industry, with oil production established in California and Peru in the late 1800's, the international majors have shown little interest in...

Energy effeciency is laudable. But for the most part, manufacturers' financial objectives are so high for return and so short in time as to rarely justify the expenditures need for capital improvements.  Additionally, their time spans of market life is many times shorter than what they imagine...

Subsea contractor Superior Offshore is selling off assets in a bid to avoid bankruptcy. Meanwhile lawsuits are flying along with allegations of mismanagement, insider trading and stock fraud.

 BP and CoP seem to be making an early commitment to build the Arctic Gas Line.  However,  when all of the underlying issues and politics are analyzed, the impartial observer has to ask if this is a "real" alternative to the other options that have been put forward or is it competitive...

Petrobras is to be applauded for its forward thinking and advanced planning.

While Chevron, ExxonMobil and the government of Newfoundland are bogged down in protracted negotiations over the Hebron offshore oil project Husky Energy(TSX:HSE) is forging ahead with it's North Amethyst oil development.

The simple fact is that the world is no where near running out of oil and/or natural gas.   Former Aramco Chief Engineer and spokesperson Nansen Saleri has spoken with uncommon clarity on this issue; most recently in a Wall St. Journal Article on March 4th titled “The World Has Plenty of Oil.”...

LNG has long been considered a panacea for US gas demand and a price-dampener in the near term.  However, the fact remains that there is simply not enough LNG supply available at competitive prices to meet any significant new demand from recently-built or in-progress US LNG terminals.  Any...

Shell's commitment to one of the last great geologic frontier, the Arctic, is more than demonstrated by their aggressive bidding in the Chukchi Lease Sale, but it is a strategy premised on high oil prices for the forseeable future, overcoming material engineering challenges, and gaining regulatory...

Acergy S.A. has secured over $1 billion in susbsea contracts this year.                                    Outlook for subsea...