Instead, oil companies turn to engineering and industrial firms that build and operate the oil rigs, tankers, and pipelines that are the backbone of the industry.
71 The number of active oil and natural-gas rigs fell 47 between September 2008 to March 2009.
According to Gould, the number of young recruits hired to replace older petroleum engineers has declined over the past 10 years.After the rig platform, the drill pipe is the second most important part of a rig; it is also the part of the rig that is second most likely to get damaged, after the drill bit, because it is constantly in contact with the area.The company started out in 1919 specialising in cementing oil well walls in Texas.Reference from : Leare more about other Top Companies List If you enjoyed this post, make sure you subscribe to my RSS feed!Contracts in the Middle East include the 9 bn Manifa offshore oilfield development as well as working closely with numerous other NOCs including redeem code for saints row the third co-op the Kuwait Oil Company.As a result, larger service companies like Schlumberger, Weatherford, and Haliburton are looking to acquire or merge with small niche players in order to increase their presence in these deepwater hot spots.In the first half of 2009, pressure pumping accounted for 1 of Baker Hughes ' revenue.Flow control equipment consists of a complicated series of pumps, pipes, valves, and monitoring devices that are connected from the well to wherever the extracted hydrocarbons are stored.Rose in June 2009, the number of rigs operating in the.S.30 Internationally, oil and natural-gas prices rose in the second quarter, and rig counts increased slightly in June.
As an oilfield solids control equipment company, here.
By the way, GN Solids Control is one of China manufacturer who can design and manufacture all the equipments for an entire oilfield solids control system.
In the Middle East Schlumberger are involved in numerous large scale projects for companies including Saudi Aramco, including the huge Dharan field, Abu Dhabi National Oil Company (adnoc Kuwait Oil Company (KOC) and Qatar Petroleum (QP) among many others.
Oil rigs, as "western establishments would be likely targets for terrorist attacks.
Similar problems exist during the fourth quarter for companies with rigs in the turbulent North Sea, as well as in the snowier regions of Russia.
The offshore sector is much more diversified, as there are many types of offshore drilling rigs.
Flow Control Equipment : Once the oil/gas in a reserve has been pressured and is ready leave the well, its flow much be controlled to prevent spilling and accidents while maximizing output.Full access: To this and over 1 million additional datasets Save Time: Downloads allow integration with your project Valid data: Access to all sources and background information Premium Account *Single license.Is down by more than a 1,000 from a year ago.The most important statistics, refinery, the most important statistics, the most important statistics.Pressure pumping made up less than 1 of Baker Hughes 2008 revenue, but is expected to comprise about 20 of the company's revenue after the deal is complete.Learn more news about us: Drilling fluids Solids Control, the CEO of the company, Andrew Gould, started work in the internal audit department at Schlumbergers Paris office in 1975.In emerging markets like China and India, the drive for economic growth supersedes environmental concerns, but growing popular and legislative support for renewables in these regions threatens oil's long-term dominance.Although Halliburton has to settle for second place, there is no doubt that due to various controversies over the last decade, the company is far more famous than an oilfield operator should.Brent crude oil price annually.The Hughes section of the name actually comes from Hughes Tools Company which was owned by the father of legendary American entrepreneur, aviator and recluse Howard Hughes.36 Obtaining a stable workforce also has the potential of effecting the industry in the long-run.