The fall in the country’s crude oil production is poised to carry over into 2019, according to Rystad Energy.
Following the news of a major gas discovery in South Africa by Total SA, Jonathan Markham, Oil & Gas Analyst at GlobalData, offers his view on the find and the industry in South Africa.
WellConnection Group, a Norwegian inspection, maintenance and repair (IMR) company has acquired Peterhead-based Independent Oilfield Services (IOS) in a deal which marks their entrance into the UK market.
More than 6500 visitors made their way to Europe’s largest subsea event, Subsea Expo, in Aberdeen this week.
The divested business will now trade as KRG Specialist Engineering Services Limited and will continue to operate from its current facilities.
The company has appointed Nizami Musayev as Area Manager in Russia as the company aims to grow its presence in the region.
The company has announced that the £1.5 million investment project in its Flow Intervention Services technology has started onshore testing ahead of planned subsea field trials later this year.
The winner will be selected from the five candidates at the annual Council Meeting in St Petersburg in June this year.
The deal is key part of Proserv’s strategy of providing systems from the wellhead through to the pipeline.
The increase in demand was triggered after the tool was run in the world’s deepest (4650 m) and hottest (427 °C) geothermal borehole in the Iceland Deep Drilling Project (IDDP) in 2017.
New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.