MPPE, Puma Energy JV for Jet Fuel Distribution
Myanmar's state-owned Myanma Petroleum Products Enterprise (MPPE) has agreed to a joint venture with Puma Energy Group Pte Ltd to distribute jet fuel, the state-owned Myanma Alinn daily reported on Saturday. Last year, MPPE chose Puma Energy from a short list of four firms…
OEG Buys West Australian Oilfield Services Providers
Two West Australian-based oilfield services providers have been purchased by global offshore equipment firm OEG Offshore. The acquisition of Oilfield & Resource Rentals (ORR) and Offshore Cryogenic Services (OCS) provides OEG with a significantly enhanced Perth presence, expansion…
Oilfield Firm's Stumble May be Symptom of Greater Pain
A nasty profit warning and deep job cuts. A gutted capital budget, a suspended dividend and shares tumbling by more than half on a single day. The retrenchment at Civeo Corp, which provides temporary housing for oilfield workers and miners, is the most-severe symptom of pain…
Caverton Set for $197m Nigeria Listing
Nigerian oil services company Caverton has received stock exchange approval for a planned 31.8 billion naira ($197 million) listing on May 20, it said on Monday. Caverton, which provides marine and aviation services to multinational oil companies including Shell, Total and Addax…
