UK-based subsea company Rovco has strengthened its senior management team with the appointment of Dr Iain Wallace as chief technology officer (CTO).
Tendeka has announced the appointment of two new members to its board of directors, Jim Nixon and Bill Wright.
In its annual account of global oil resources, Rystad Energy finds that Saudi Arabia has added enough recoverable oil resources to regain its top position ahead of the United States and Russia.
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Rystad Energy now predicts that US oil production grows so fast that an all-time high of 10 million bpd could be reached before December 31st this year.
Tendeka, a provider of completions systems and services to the upstream oil and gas industry, has finalised an exclusive agreement with Brastech Serviços Téchnicos E Construçoes Náuticas LTDA (Brastech) as it expands within the South American market.
Tsubaki of Canada Limited has purchased Dia-Saw Manufacturing Ltd. Dia-Saw started as a manufacturer of shake and shingle mill equipment and has since evolved into a manufacturer of sprockets and related drive components.
Strategies put in place by 26 participating companies have led to £550 million in savings and new orders.
Nizam Hamid, Head of Strategy in Europe at WisdomTree, considers how today's OPEC meeting will affect the volatility of the oil price.