Wood Group has signed an agreement with the Canadian technology company Librestream Technologies (Librestream), and will work in an industry-specific partnership to provide business solutions for operations, maintenance and integrity challenges in the oil & gas sector around the world. The solutions will combine Wood Group’s in-depth, hands-on industry knowledge with Librestream’s real-time virtual video […]
The oil industry is under as much pressure as the oil they take out of the ground. Industry is responding in new and creative ways. The Newfoundland Oil Industry Association (NOIA) in St. John’s, this week held it’s annual conference but it had a distinctly different conversation. The NOIA conference was less about vision, exploration […]
When the price of oil dropped and some of the companies that usually sign contracts with us decided to postpone them, my first reaction was panic. It’s always the first reaction, for all of us. And then reality sets in and we embrace the challenges in front of us. We “adjust” and make the moves […]
The price of oil impacts the entire world. As the number one commodity on the planet we are subject to oil price volatility. Drastic fluctuations make it a business that requires strategic infrastructure to support it. Recognizing the downfalls in the oil and gas economic cycles countries are focusing more on regionalized energy independence and […]
Long gone are the days of strictly localized business opportunities. This is an entirely new era of business. Globalization is permeating everything we do, and companies have unprecedented opportunity to partner globally and expand locally with alliances and strategic partnerships. We live in amazing times. Times that focus more on collaboration and less on individualization. […]
A Milestone in Helicopter History News releases on September 4, 2012, announced that Bristow Group Inc. was to purchase a minority stake in Cougar Helicopters. The investment figure announced was $250 million, which included the purchase of eight Sikorsky S-92 helicopters as well as facilities located in Newfoundland and Nova Scotia, Canada. By October 4, […]
As part of its strategic business alignment, Suncor, Alberta’s leading oil producer, is continuing with plans to divest of a number of non-core assets.
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