The Arab Petroleum Investments Corporation (APICORP) has agreed to two loan facilities worth a combined US$250mn with Sonatrach Petroleum Investment Corporation (SPIC), a subsidiary of Sonatrach International Holding Corporation owned by Sonatrach, the Algerian state-owned national oil company
Exploration
Honeywell acquires Rebellion Photonics to maximise operational performance
Honeywell has acquired Rebellion Photonics, a Houston-based provider of innovative, intelligent, visual gas monitoring solutions with an aim to maximise safety, operational performance, emissions mitigation and compliance in the oil and gas, petrochemical and power industries
‘Delays loom for LNG and deepwater oil and gas projects as bottlenecks restrain service industry’
About 250 new oil and gas projects are likely to be sanctioned for development in 2020, up from 160 in 2016, and bottlenecks among suppliers appear inevitable, according to Rystad Energy
NexTier announces partnership with NESR for MENA region
NexTier Oilfield Solutions’ subsidiary has recently started operations on a specific opportunity in the Middle East North Africa (MENA) region to support the completion of operations, including the operation of hydraulic fracturing and wireline equipment under the National Energy Services Reunited Corp. (NESR) affiliate agreement
Forum upgrades hyperbaric testing facility
Oilfield products company Forum Energy Technologies has completed a three-month upgrade to its hyperbaric testing facility, which can result in an operational time saving to clients of more than 35 per cent
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