Oil and Gas

The oil field service companies accommodate the wireline services to the exploration and production (E&P) companies of oil and natural gas. There has been a continuous increase in the exploration and production activities of oil and gas in finding new areas of unconventional resources, which has immensely bolstered the growth of the global wireline services market. These wireline services are required by the oil and gas industries for its entire lifecycle which includes exploration, drilling, completion, stimulation, and intervention.

The Cecon Pride is a multipurpose offshore construction vessel constructed for the Norwegian oilfield services company Cecon.  Davie’s Chief Executive Officer, Alan Bowen, commented, “This ship is the most complex commercial vessel to have ever been built at a North American shipyard. It’s also the largest vessel built in Canada in over 25 years, since Davie held the previous record.”

Brent crude, the benchmark for world oil prices, hit a 13 month low on August 13 before recovering to end at $104.28 a barrel. Since mid-June prices have gradually come down by more than nine percent. The most recent losses came after the International Energy Agency (IEA) earlier this week lowered its demand forecast for 2014, with weaker than expected second-quarter economic growth in developed countries and a reduction in oil stockpiling on the part of China.

Nobody’s perfect. What quality or ability do you wish you had?
I wish I was someone who could function perfectly well on 4 hours sleep a day. There is so much to experience and achieve that sleeping 8 hours a day seems a waste.

What is the best business book you have ever read, and why?
I don’t as a rule read business books, but “Who Moved My Cheese” provided some valuable insights when I first read it in the 1990’s and those lessons have stayed with me.

Last year we published an in-depth report on the Caribbean's leading O&G company, looking at Petrotrin's business models, vision, people strategy and environmental aspirations. There can be no doubt that this is a company that is pivotal to the development of the nation and indeed the region as a whole.

Alexander Comley has signed a partnership agreement with Hydra Offshore, an indigenous oilfield services company, in developing products for Ghana’s oil sector.

Under the agreement Alexander Comley will partner Hydra Offshore in the supply of customised flanges, pipe, tube, fittings, plate, machined / turned parts and associated pipeline supplies.

In addition, Hydra Offshore will also lead in the introduction and promotion of Alexander Comley’s products and services in the oil and gas industry within Ghana.

It was a German by the name of Helmut Muller who will always be credited with development of the first environmentally friendly drain plug, patenting the first version of the “pop-up” style, spring-loaded drain plug in 1977. It was then in the mid-1980s that a Dutchman by the name of Poul van Santen would go on to invent an improved version of the aforementioned product.

The 30-year agreement between Russia’s Gazprom and China National Petroleum Corp (CNPC) was formally signed by Russia’s President Vladimir Putin during a summit in Shanghai between the leaders of the two nations.

Russia has been keen to find an alternative energy market for its gas as it faces the possibility of European sanctions over the crisis in Ukraine and while no officially price has been given for the Russia-China deal, it is estimated to be worth over $400 billion.

Landlocked within north-central Africa, Chad is among the world’s poorest countries, hindered by its desert climate and the fact that it has been ravaged by various civil wars during thirty of its forty years of independence. For decades the country suffered from a lack of economic investment, leaving it with one of the continents poorest infrastructure networks and a large majority of its adult population living below the poverty line.