LATEST HEADLINES

• Increase In Production Of Unconventional Resources To Drive Artificial Lift Systems Market: TMR Study

  The global artificial lift systems market was valued at ~US$ 8.1B in 2018 and is anticipated to expand at a CAGR of ~5% during the forecast period. In terms of component, the hardware segment accounted for a prominent share of the artificial lift systems market in 2018, due to the high cost of hardware components in artificial lift systems, along with rising demand for artificial lift systems in mature oil and gas fields.

• Equatorial Guinea’s Minister H.E. Gabriel M. Obiang Lima Congratulates PetroVietnam On Its Expansion In Dubai

  Equatorial Guinea’s Minister of Mines, H.E. Gabriel M. Obiang Lima, recently visited PetroVietnam Oil Corporation’s newly opened Dubai office to congratulate the team on their latest move.

• API Applauds Signing Of U.S.-China ‘Phase One’ Trade Deal, Urges Further Negotiations To Lift All Tariffs

  The American Petroleum Institute (API) today issued the following statement after the United States and China signed a “phase one” trade deal.

• ExxonMobil Selects HUVRdata To Digitize Drone Inspections And Reporting

  Austin based, HUVRdata has supported ExxonMobil over the past 2 years in their efforts to put in place a global Digital Reporting and Analytics platform for drone inspection programs. The goal of the program is to allow ExxonMobil to digitize, scale and standardize Drone Inspection workflows across ExxonMobil sites and assets.

• Stage Completions Announces Record 221-Stage Completion In The Permian Basin In West Texas

  Stage Completions (USA) Corporation (“Stage” or the “Company”) is pleased to announce a record setting 221-stage completion, with the 5.5” Bowhead II Sliding Sleeve System (“Bowhead II system”) in the Permian basin, resulting in the largest interventionless hydraulic fracturing operation completed to date.