Drilling & production - 05 April 2019

The company has been awarded new contracts in offshore drilling in Norway and Middle East totalling over US$200 million.

TDC 1972 ‘strongest competitor’ in mid-size rig market.

New service capabilities and deepwater technologies help customers outperform expectations.

ReStream’s technology monitors, analyses, and reports on-site frac fluid chemistry, rheology, and physical parameters into and out of the blender.

As oil prices approach US$70/bbl, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC.