Drilling & production - 04 May 2022

The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.

The company’s research shows that total free cash flow (FCF), a company’s cash from operations after accounting for outflows and asset maintenance, will balloon to US$834 billion, a 70% increase from the US$493 billion profits in 2021.

MacGregor, part of Cargotec, has secured a contract with Otto Candies to deliver an active heave compensated FibreTrac offshore crane.

The Houston-based oilfield service company specialising in safe and efficient delivery of casing and tubing services, has signed an exclusive agency agreement with AlMansoori, a leading oilfield services provider based in Abu Dhabi, U.A.E.