Rystad Energy: Oil Down US Fed Policy Anticipation as the Dollar Strengthens
This week has been a good reminder for oil markets that prices are not only affected by the supply-demand trajectory, but also from monetary policy forecasts and by forms of government intervention. Although balances are tight, creating a bullish environment for oil through year-end, oil this week lost dollars in …
Wintershall Dea is New Partner to Soiltech, Supporting International Scale-up as Client and Investor
Wintershall Dea and Soiltech join forces with a goal to reduce waste volumes in the oil and gas industry worldwide. The partnership will focus on recycling the contents of waste streams, like waste residues from oil or drilling fluids, directly on the production sites. Wintershall Dea participates both as a …
InflowControl: Expands Russian Office
InflowControl is proud to announce our expansion and new office opening earlier this year. The Russian regional office will be supporting the Russia and CIS growing market. The new InflowControl office is located in central Moscow and represented by Vitaly Shkred – Regional Manager and Anar Yermukhambetova Regional Reservoir Engineer. …
TMK and IRE-POLUS will Introduce Laser Technologies in the Production of Pipe Products
Pipe Metallurgical Company (TMK) and NTO IRE-POLUS (founder and one of the base companies of the scientific and technical group IPG Photonics Corporation) signed a work program for the joint creation and implementation of laser technologies in the production of pipe products at TMK sites. The document was signed at …
Intelligent Wellhead Systems: inVision X Bring Step Change in Digital Completion Technology
Tenth-generation inVision X technology introduces field-proven frac valve activation Intelligent Wellhead Systems Inc. (IWS), a leading supplier of digital technologies that improve oil and gas well completion operations, today released its tenth-generation digital completion technology, inVision X. The upgrade to the inVision™ Technology Platform integrates engineered safety controls, automated digital standard …
Rystad Energy: Oil Down on Inflation Concerns and US Strategic Reserves News
The oil bulls are licking their wounds following the $3 sell-off yesterday and they are trying to limit a further price cut today, as even though the US inventory report yesterday revealed that US commercial oil inventories drew by 1.2 million bpd last week, the market noted the largest SPR …
Parker: Launches New Process to Instrument Valve to EEMUA 182 Design Conformance
Parker Hannifin, the global leader in motion and control technologies, has launched its latest process to instrument valve that fully conforms to EEMUA 182. The new range of EP Series Pro-Bloc valves, manufactured at its globally recognised, lean model plant in Barnstaple, Devon in the UK, has a double block …
Noble Corporation and Maersk Drilling: Agree to Combine
Noble Corporation and The Drilling Company of 1972 A/S ((“Maersk Drilling”) today announced that they have entered into a definitive business combination agreement to combine in a primarily all-stock transaction. Following the completion of the transaction, the Maersk Drilling shareholders and Noble shareholders will each own approximately 50% of the …
Rystad Energy: Oil Prices Lightly Fluctuate but Bullish Environment Persists
Even though oil prices are losing a few cents to the dollar today, the overall sentiment has lifted since yesterday and the market should see the forest for the trees, as overall market conditions remain bullish and – under the current oil supply status quo – oil valuation is on …
GD Energy Products: Opens a New International Sales Facility in Dubai
GD Energy Products (GDEP), the global provider of high-pressure pumps, parts and services, has opened a new international sales facility in Dubai, United Arab Emirates (UAE) to increase customer service and support capabilities across the Eastern Hemisphere. The new sales facility is located in Dubai’s Jebel Ali Free Zone and …