Product news - 25 April 2016

NSL, ASCO Group’s global lifting and rigging specialist, has been awarded a significant contract with Italian drilling and EPCI company Saipem S.p.A.

At 2016’s Offshore Technology Conference, Materion Corp. will introduce two ToughMet products engineered to improve the reach, reliability and accuracy of oil and gas equipment components.

Monday's oil price decline came in the wake of another cut in the US rig count which further brings activity down for a fifth straight week.

The latest contract award from Statoil will see Wood Group deliver subsea field concept engineering for the Snorre expansion project.

Halliburton has announced that the conference call scheduled for Monday, April 25, 2016, to discuss the first quarter 2016 financial results is postponed until Tuesday, May 3, 2016.