McDermott International Inc. and GE Oil & Gas have launched io oil & gas consulting to offer front-end offshore field development services ranging from portfolio evaluation to final investment decisions. Houston-based McDermott offers global upstream engineering, procurement, construction and installation services. Financial details were not disclosed. McDermott's investment "aligns with the company's strategy to become more client-focused and responsive to operators' challenges," it said. The business is being structured to provide "impartial advice...while benefiting from having on-demand access to specialist resources to assist in technical and commercial validation of its work."
Natural Gas Intelligence (NGI), is a leading provider of natural gas, shale news and market information for the deregulated North American natural gas industry. Since the first issue of Natural Gas Intelligence was published in 1981, NGI has provided key pricing and data relied upon daily by thousands of industry participants in the U.S, Canada and Mexico as well as Central and South America, Europe and Asia.