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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

  • Oil production from Thai company PTTEP’s Montara field in the Timor Sea has been halted following several potentially injurious safety incidents and cannot resume until cleared by Australia’s offshore safety regulator, the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).

  • PetroTal Corp., Calgary and Houston, is moving a rig to Bretana field on Block 95 for a three-well program beginning next year after starting production from the Bretana Norte discovery well. The company said the well is producing more than 2,000 b/d of 19.2° gravity oil after the commissioning of water-injection facilities.

  • The US drilling rig count is up 1 unit to 1,082 rigs working for the week ended Nov. 16, according to Baker Hughes data. The count is up 167 units from the 915 rigs working this time a year ago. At 1,058 rigs working, an additional unit was drilling on land week-over-week. Offshore units also were up by 1 to reach 22 rigs working, while those drilling in inland waters dropped a single unit to 2 rigs working for the week.

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