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Global and Regional Markets

Gardner Denver expands presence to South America with new Argentina facility

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Gardner Denver Petroleum & Industrial Pumps has is pleased to announce the opening of Gardner Denver Sudamerica, SRL, an 8,000 sq ft facility in Neuquen, Argentina. The newest location will be able to support frac, drilling, well service and water jetting customers throughout the Vaca Muerta shale basin and subsequently throughout South America...

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Wood Mackenzie: Operators taking a deliberate approach to offshore exploration and development

Wood Mackenzie is forecasting a number of offshore FIDs for 2018, including FIDs for Eni’s Argo cluster in the Adriatic Sea and ExxonMobil’s Domino and Pelican Fields in the Black Sea, Julie Wilson, Research Director, Global Exploration, said at the 2018 OTC in Houston on 30 April.

If the number of final investment decisions (FIDs) taken by operators is an indication of the health of the offshore market, then things are looking up. Wood Mackenzie anticipates that roughly 30 offshore projects will receive an FID in the coming year. This is roughly flat from 2017, when 32 projects were sanctioned, and a significant increase from 2016, when fewer than 15 projects received FIDs. The newly sanction projects this year are likely to be developed more quickly and at lower costs than pre-downturn projects, Julie Wilson, Research Director, Global Exploration at Wood Mackenzie, said at the 2018 OTC in Houston on 30 April...

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Wood and IBM collaborate to transform asset life cycle management

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Wood and IBM have announced they have entered into an agreement to conceive and offer compelling new digital products and services that will advance operational efficiencies for customers in industrial and energy markets. This multi-year agreement combines Wood’s engineering innovation and industry expertise with IBM’s advanced market leading technologies in areas such as artificial intelligence (AI), blockchain and analytics...

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