These are features of Oil and gas, industrial and other relevant news
To Save Cost US Drillers Cannibalise Idle drilling rigs, this seems to be the new turn of events as rig count rates drops weekly Cam Hewell runs Premium Oilfield Technologies, a small company that makes equipment and spare parts for drilling rigs from North Dakota to Texas. Like his rivals, he is trying to withstand…
Ecopetrol to Concentrate on Oil and Gas while Freeport-McMoRan wants to exit, this signals varying corporate reactions to the slump in crude oil price. Ecopetrol SA, Colombia’s state-controlled oil producer, has taken initial steps toward the sale of a plastics unit, the move is part of the Bogota-based company’s strategy to divest non-core assets…
Oil and Gas Market Now a Headache for Helicopter Industry The downturn in the offshore oil-and-gas market remains a prominent concern for the helicopter industry, the leaders of which are puzzling over the evolution of demand in the segment. “I am not sure I can put a number on the decline. Minus 30 percent might…
Russian Billionaire plans to Invest 1$ Billion in Norway Oil and Gas after a UK Snub LetterOne, the investment vehicle led by Russian billionaire Mikhail Fridman, is in talks to buy stakes in Norwegian North Sea oil and gas assets owned by Eon, according to reports. The $1bn deal comes just months after LetterOne was…