• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 1 hour *Happy Dance* ... U.S. Shale Oil Slowdown
  • 8 hours Socialists want to exorcise the O&G demon by 2030
  • 5 hours Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 7 hours UK, Stay in EU, Says Tusk
  • 1 day Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 2 days Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 2 days Conspiracy - Theory versus Reality
  • 7 hours How Is Greenland Dealing With Climate Change?
  • 2 days Chevron to Boost Spend on Quick-Return Projects
  • 1 day Maritime Act of 2020 and pending carbon tax effects
  • 2 days U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 2 days Regular Gas dropped to $2.21 per gallon today
Venezuela’s Crisis Threatens U.S. Control Over Oil Prices

Venezuela’s Crisis Threatens U.S. Control Over Oil Prices

Venezuela’s ongoing economic crisis has…

Heavy Crude: From Glut To Shortage

Heavy Crude: From Glut To Shortage

Some analysts are worrying about…

Expecting a Boom, Oil and Gas Companies Invest in Sub-Sea Equipment

Analyst reports have recently suggested that the sub-sea equipment sector offers one of the best opportunities for growth, and that oil and gas service companies are increasingly investing in this sector to try and take advantage of that.

Schlumberger, one of the largest onshore and offshore equipment companies, believes that the industry push to move the separation process, of splitting the oil from the natural gas and water, to the ocean floor, will create huge investment opportunities.

Barclays wrote that “Schlumberger believes the key to unlocking the recovery potential of subsea will be to design and to optimize the entire subsea production system,” and that such improvements in subsea technology could increase the amount of recoverable oil in the world by 10 percent.

Cameron, another leading provider of onshore and offshore equipment, has seen its aftermarket business for blowout preventers triple since 2005, and hope that more stringent safety regulations being imposed on offshore drillers will lead to an even larger increase in business. They are also developing a complete subsea equipment package in the belief that deep-water drilling will boom in the years to come.

National Oilwell Varco is one of Cameron’s main competitors, vying for market dominance in the supply of subsea technology. Barclays have admitted that they “remain buyers of the stock as we believe National Oilwell Varco is one of the best ways to invest in the oilfield equipment revolution, which is unfolding in both onshore and especially offshore markets.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News