Ben van Bilderbeek, the inventor behind Pos-Grip wellhead technology said yesterday he and the firm he leads as chief executive were “excited for the future” after a torrid few years for the oil and gas industry.
Aberdeen oilfield technology firm Plexus said today that a lack of North Sea exploration activity was to blame for its widening losses in the six months to December 31, 2017.
China launched its first ever crude-futures contract as the world’s biggest oil buyer seeks to wield greater power over pricing and challenge benchmarks in the U.S. and Europe.
When former United Nations ambassador John Bolton becomes U.S. national security adviser next month, he will cast even more doubt on the nuclear deal between Iran and major world powers, with potentially significant consequences for the oil market.
A marine and offshore safety equipment supplier has won contracts worth more than £3million after it started offering new products and training services to North Sea clients.