On 2 December 2018, the Alberta government announced its intention to begin a mandated short-term reduction of oil production by 325 000 bpd, representing an 8.7% reduction, until excess oil in storage is drawn down.
The FrontRow Energy Technology Group company has announced the acquisition of Simmons Edeco Europe from its Canadian owner.
The company has announced it has bolstered its expanding asset integrity business in Chandigarh, India with more capabilities.
Collaboration of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in committing and adhering to oil production cuts resulted in the historic Declaration of Cooperation in 2017.
With just 48% of floating rigs under contract presently and more scrapping needed to increase floater utilisation above 70 percent, it’s too soon to be bullish on outlook.
The finalists have been announced for next year’s Subsea UK awards, which recognise the companies and individuals who are leading the way in the UK’s £7.5 billion subsea sector.
Following a drastic drop in the Waha Hub natural gas price earlier this week, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.
Bringing more than three decades of diverse industry experience, Joe Sczurko moves into the role from his position as president - strategy and development for Wood’s Environment & Infrastructure Services.
The companies have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations and services.
Ashley Kelty, oil and gas research analyst at Cantor Fitzgerald Europe, provides insight on Qatar’s announcement that it is leaving OPEC.
Expanded manufacturing capabilities increase production capacity of safe, efficient DynaStage™ perforating system
This new offering will complement Aubin’s capabilities in the United Arab Emirates, as the company looks to further increase its manufacturing presence in other Middle Eastern countries.