Upstream news

Not until 2025, 11 years after the last peak, are global service market revenues again likely to have made it back to the US$920 billion mark seen in 2014, according to Rystad Energy.

The Abu Dhabi National Oil Company signed an agreement awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX CORPORATION.

The company has invested in Sapien Cyber Ltd., a Western Australian company specialising in the protection and security of critical infrastructure.

Sanjay Singam, ITC Global, USA, discusses how a secure network is important in order for a company to run efficiently.

The firm has committed investment in the region of £750 000 to support business growth in 2019 and beyond, with the addition of six staff and a new technology development and test centre.

Engineers developed a specialised pressure head unit that had a mechanical cleaning tool and camera installed through the sea valve to remove marine growth.

Andy Kay (Managing Director), Garry Kennie (Engineering Director) and James Allan (Operations Director) are now joined by David Stark, James Russell and Andy Lovell.

Reactive Downhole Tools, independent supplier of well completion solutions to the global oil and gas industry, has announced Niall Urquhart as VP Eastern Hemisphere, to support its growth plans for the regions.

The company joins Airborne Oil & Gas’ prestigious shareholder base of Chevron Technology Ventures, Evonik Venture Capital, Saudi Aramco Energy Ventures, Shell Ventures, Subsea 7, Sumitomo Corporation and the private equity investor, HPE Growth Capital.

During 2018 Eagle Ford re-emerged as one of the lucrative destinations for oil and gas companies, according to GlobalData.