New App Aims to Improve Project Performance
An Aberdeen-based company has created a lessons learned management system that captures critical project data and helps inform the future performance of complex oil and gas developments globally.Prism Energy, which provides project and risk management applications and consultancy, has worked closely…
Only 10% of Shale Firms Reports Positive Cash Flow
Only four, out of the financial performance of 40 dedicated US shale oil firms under study, reported a positive cash flow balance in the first quarter of 2019, bringing down the share of companies with a positive cash flow balance from the recent norm of around 20% to just 10%.Nine in ten US shale oil companies are burning cash…
RESMAN Acquires Restrack
Norwegian-based well and reservoir surveillance and intelligent tracer systems provider RESMAN AS announced it has agreed to acquire tracer service provider Restrack AS, in a share purchase agreement. The combined company will have up to 100 employees.The combination of RESMAN’s reservoir monitoring…
South Sudan: U.S. Sanctions Undermine 'search for peace'
U.S. sanctions on 15 South Sudanese oil operators will work against efforts to restore peace and stability in the nation, the government said on Thursday. The sanctions, which were announced on Wednesday, will require companies and government bodies to apply for special licences to do business in the United States…
Is Technology Key to Overcoming O&G Operational Challenges?
Are Technological Advancements The Key to Overcoming the Challenges Associated with Planning Oil and Gas Operations? The fall in the oil price has resulted in widespread budgets cuts, which have seen many operators put a firm hold on recruitment activity and contracting work out to support companies.
Camcon Names Amara Business Development Manager
Camcon Oil has announced the appointment of Abdel Ben Amara as Business Development Manager for the Middle East & North Africa (MENA) region. Based in Dubai, Abdel will report to the Camcon CEO. He will be responsible for leading the development and sales of Camcon’s groundbreaking Digital Intelligent…
