Oil & gas news

Hoover Container Solutions’ Chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association Advisory Board for a 3 yr term.

Total petroleum deliveries in June moved up by 2.8% from June 2015 to average 20.1 million bpd, the highest June deliveries in nine years.

The two-well field is ramping up and is anticipated to reach a minimum gross production of 20 000 boe/d.

The company has developed its technical training services at one of its North-east training centres and augment its offering.

The consortium has secured a €1.9 million contract from the Irish Petroleum Infrastructure Programme.

CEO Peter Coleman said that the business was performing well in a challenging external environment.

Yann Helle will replace Tim Eyles, who is moving to the role of vice president with parent company Acteon.

The company’s results indicate significant efficiency improvements.

The appointment of Vestigo is in line with Petronas’ objective to extend the economic life of the field.

CEO comments: “With the gradual recovery of the oil price from its lows in early Q1, we are starting to see early signs of a stabilissing market and improving sentiment.”