Proserv sells precision engineering company KRG Industries to GIL Investments
The divested business will now trade as KRG Specialist Engineering Services Limited and will continue to operate from its current facilities.
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The divested business will now trade as KRG Specialist Engineering Services Limited and will continue to operate from its current facilities.
The company has appointed Nizami Musayev as Area Manager in Russia as the company aims to grow its presence in the region.
The company has announced that the £1.5 million investment project in its Flow Intervention Services technology has started onshore testing ahead of planned subsea field trials later this year.
The company has taken on 13 new people in Houston following a successful twelve months.
The company has appointed Lee Wilson to the newly created role.
The winner will be selected from the five candidates at the annual Council Meeting in St Petersburg in June this year.
The deal is key part of Proserv’s strategy of providing systems from the wellhead through to the pipeline.
The increase in demand was triggered after the tool was run in the world’s deepest (4650 m) and hottest (427 °C) geothermal borehole in the Iceland Deep Drilling Project (IDDP) in 2017.
New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.
The ‘Revitalising the UKCS’ conference session has been added to the Subsea Expo event.
Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits and a rebound in new projects is expected.
OMV and Sapura Energy Berhad have closed the agreement to form a strategic partnership.