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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

  • Imperial Oil Ltd. has restarted production at its Norman Wells operations in the Northwest Territories following the return to service of Enbridge Inc.’s Line 21 pipeline. Imperial had previously resumed limited shipments of crude oil from storage in September. The company expects production to ramp up in the months ahead to about 10,000 b/d, consistent with rates prior to the shutdown.

  • Gazprom plans to start drilling production wells next year in Kovyktinskoye natural gas and condensate field in the Irkutsk Region of East Siberia. The state-owned company expects the field to start production in 2022 into the Power of Siberia gas pipeline, which will carry gas to Russia’s Far East and China.

  • Equinor ASA has let a two-well contract with five options for single-well drilling to Rowan Cos. PLC for its Rowan Stavanger N-Class ultra-harsh environment jack up rig for use in Gudrun field in the Norwegian North Sea. In addition, Equinor and Rowan have signed a framework agreement based on terms that will also apply to future rig contracts with the company.