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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.

Forum Energy Technologies

Rigzone.com: Latest Headlines

Oil and Gas Journal: Drilling News

  • Hurricane Energy PLC has sold the first cargo of crude oil from the early production system on Lancaster field in the West of Shetland area offshore the UK. Hurricane says Lancaster is the UK’s first producing basement field.

  • PTT Exploration & Production Co. has signed an agreement to acquire 100% of Partex Holding from the Calouste Gulbenkian Foundation of Portugal for as much as $622 million. The deal, expected to close by yearend, will boost the Thai company’s net-interest production by 16,000 b/d of oil and reserves by 65 million boe of oil and gas.

  • Brent oil prices fell on the London market by more than $1/bbl for August and September delivery while light, sweet crude oil in New York for July delivery settled under $52/bbl on concerns of the possibility of oil shipment disruptions through the Middle East. The price drops came amid talk of a possible military confrontation in the Persian Gulf and disruptions to tankers moving through the Strait of Hormuz.

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