Coretrax, the independent wellbore clean-up and abandonment specialist, has received a substantial investment from private equity firm Buckthorn Partners to accelerate its ambitious international growth plans.
Frontera Resources Corporation has announced that on 11 December 2018 it signed a term sheet with a New York, U.S.A.-based fund seeking to secure a loan of up to US$60 000 000.
SA Equip has appointed Scan Tech AS, specialists in the provision and maintenance of hazardous area equipment as their exclusive distributor for Norway.
Well construction specialist, DeltaTek Global, has announced the key appointment of Chris Johnstone as Operations Supervisor.
Mark Lomas joins Aqualis Offshore from London Offshore Consultants Limited (LOC) UK, where he held the role of director of shipping.
The supposed cut of 1.2 million bpd by OPEC+ is larger than some had expected, although still some way of what is really required to bring the market back into balance.
Judy Peplinski, ATPI Griffinstone, discusses the importance of travel management for the oil and gas industry.
The event saw several announcements on exclusive partnerships, product launches and new business strategies for the Asian oil and gas market.
Adam Johnson discusses the potential of the UK operating alongside Norway, Iceland and Liechtenstein by re-joining the European Free Trade Association and becoming a European Economic Area member.
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.