KP-LOK conform to the latest standards and emphasize on managerial, technical and technological innovation. With an extensive network of sales, service and distribution, KP-LOK can respond to customers' requests faster and more efficiently
According to the latest mid-year forecast assembled by World Oil magazine, only 14,430 wells will be drilled in the U.S. this year, on par with the years 1930-1934, when not a single year topped 20,000 wells drilled. In fact, this will be lowest total since 11,700 wells were drilled in 1933.
Big oil plans show confidence in firming energy market
July 2, 2016 - Suited for locations requiring crane for short period of time, such as vehicle maintenance, CXT Explorer combines electric overhead traveling crane on steel frame with 2 standard ISO shipping containers to create adaptable, mobile industrial crane. Lifting height and span are both 5 m. True vertical lifting helps maintain safety, with minimal chance of damage or collision. On leaving, crane can be dismantled quickly, and shipping containers that form base can double as storage.
The voters’ decision to leave the EU has created a global ripple effect. The global oil market is now getting ready for a longer delay in investments and pricing suppression, an economic slowdown not needed at the time.
Immediately, the value of a pound dropped to a thirty-year low of $1.34, the price of Brent fell 5%, and the world’s stock exchanges experienced a plunge.
Oil prices have increased above $48 a barrel after investors took advantage of a fall in crude for two days following Britain's vote to exit the European Union (EU).
The Department of Energy (DOE) announced $68.4 million for cost-shared research and development (R&D) projects that will help to secure the safe and permanent storage of carbon dioxide (CO2) during carbon capture and storage (CCS) operations. Funding is subject to the availability of appropriations.
The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has conditionally approved Shell Canada's proposal to resume drilling in waters off Nova Scotia at its Cheshire L-97 exploration well.
Drilling was halted on 5 March following an operations incident on the Stena IceMAX drillship.
"KP-LOK Electric allows us to do our jobs better. Without it, we couldn't keep up!"
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