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Paramount maintains a large selection of pipe handling tools, equipment, and parts in order to rapidly meet our customer’s requirements and expectations. 

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Authorized distributor of Forum Energy Technologies / Access Oil Tools (AOT) pipe handling tools, equipment, and parts.

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Rigzone.com: Latest Headlines

Oil and Gas Journal: Drilling News

  • The American Petroleum Institute issued a new recommended practice that revises recommended procedures to promote and maintain safe and healthy working conditions for personnel in drilling and well servicing operations. First published in 1981, the latest version of Recommended Practice 54 applies to rotary drilling rigs, well servicing rigs, and special services as they relate to operations on location.

  • Neptune Energy Group and Algeria’s Sonatrach have started natural gas production as part of the commissioning of the partnership’s Touat project in the Sbaa basin, 1,500 km southwest of Algiers, near Adrar. The development, which will produce about 450 MMcfd of gas at plateau, remains on track to begin gas export production by the end of this year’s first half.

  • Devon Energy Corp. plans by yearend to sell or spin off its heavy oil properties in Canada and gas production in the Barnett shale to focus on US oil. The company has hired advisors for each group of assets to be separated. It will open data rooms by this year's second quarter.