GLG News by Oilfield Equipment Experts

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

The idea of cutting jobs to reduce costs has been the bane of the energy industry since the price crash of the mid-1980's resulting in enormous job losses and set the stage for today's vast shortage of personnel and human resources.  Despite such a vivid object lesson, both BP and Shell...

The Bloomberg article presents the view that the largest of the international oil companies will increasing find their access to major projects compromised by the intrusion and involvement of well-funded and frequently publicly traded National Oil Companies such as Petrobras, Gazprom, and PetroChina. ...

For over 100 years, the Western international oil and gas companies (IOC's) have dominated the global oil and gas scene.  However, their technology and personnel ranks were decimated by the layoffs of the 1980's and 90's. Now, the national oil companies (NOC's) are becoming increasingly tough global...

Allis-Chalmers announced their intended buy-out of Bronco Drilling at a price that is significantly above the company's last closing price, but still at about a 20% discount to Bronco's 52 week high.  Just as importantly, ALY is using their own beaten-down stock to underpin about 30% of the purchase...

The manpower shortage in the oil and gas sector has reached legendary proportions with one major oil company reporting that up to 70% of their technical workforce could retire in the next 7 years.  In the meantime, oil prices remain at record high levels as do profits and investment.  Given...

This week President Bush made a widely reported entreaty to the Saudis to increase their oil production.  Their public reaction, as gleefully reported by the mainstream media, was almost dimissive; however, the Saudi's have many key "constituents" to please and do not always do in practice what...

The prevalent view of the technology naysayers in today's world seems to be that: 1.  Drilling in particularly difficult areas presents potentially unsolvable problems for the oil and gas industry and 2.  The value of these resources may well be exceeded by the cost of their finding, development,...

The analysis of recent press releases implies that Calpine has valuable assets in CA and TX whose value will somehow become realized in the coming years due to scarcity of low-carbon generating assets. However, the presumed scarcity of generating assets in CA and TX have been widely forecasted...

A recent study forecasts that nearly $25 billion will be spent annually in deepwater capital expenditure by 2012. Subsea contractors are gearing up and looking ahead to a period of continued growth.