Industry

Oil prices surge as Russia indicates willingness to support production cut

oilpricesurgeOil prices rose to a one-year high following comments of Russian President Vladimir Putin supporting OPEC’s recent agreement to cut production in a bid to boost oil prices

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Penspen awarded contract for works on ADCO fields

MichaelSimmPenspen, a leading global provider of engineering and project management services to the energy industry, has signed an agreement with Matrix Construction to provide modification works at Bab and Asab fields, located west of Abu Dhabi. The fields are owned and operated by the Abu Dhabi Company for Onshore Petroleum Operations Ltd (ADCO)

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ITF and SPE sign agreement to accelerate technology development

SPEITFThe Industry Technology Facilitator (ITF) has signed a memorandum of understanding with the Society of Petroleum Engineers (SPE) to share and enhance global technology development opportunities in the oil and gas industry

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GE Oil & Gas awarded PDO contract for Progressing Cavity Pump (PCP) systems

GEOilGas PDOGE Oil & Gas has signed a long-term, multimillion-dollar contract with Petroleum Development Oman (PDO) for the provision of Progressive Cavity Pump equipment (PCP) and related services, commencing in the third quarter of 2016

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Harris CapRock announces OnePath™ Wireless Radio

onepath Harris Oil Review Middle EastHarris CapRock Communications has launched its OnePath long-range wireless radio to address the growing demand for bandwidth in the cruise, energy and commercial maritime industries

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