Chevron, one of the world’s largest energy companies, was having specific problems with risers due to corrosion and was subsequently looking for ways to inspect the risers without closing the whole field, which would have resulted in millions of dollars in lost revenue.

SGS SA and Halliburton have entered into a joint cooperation agreement combining formation fluid sample acquisition and analysis services.

Chevron Corporation has announced a $21.6bn capital and exploratory spending programme for 2010, a five per cent decrease from projected 2009 expenditures.

Rock Solid Images, a wholly owned subsidiary of Offshore Hydrocarbon Mapping plc, has been awarded one of its largest rock physics and seismic inversion projects to date.

GE Oil & Gas, which specialises in oil and gas equipment and services, in consortium with Rockson Engineering Nigeria, has been awarded a $230mn power plant contract by the Federal Government of Nigeria.