Denmark based Global Gravity is all set to establish a new office and warehouse in Aberdeen, with two experienced industry professionals at the helm. The company is expected to create local jobs with its patented TubeLock system, which makes handling of casing, tubing, and drill pipes easier, safer, and faster. The new local warehouse can support about 5 to 10 drilling operations at a time.
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The second longest waterway of the United States, the Mississippi River has been temporarily shut to vessel traffic from mile 0 to mile 2, due to dredging operations, said the New Orleans Board of Trade (NOBOT).
China has planned its first public auction of state crude oil reserves to a select group of domestic refiners, the reserves administration stated, as Beijing is looking to bring down high raw material costs for manufacturers. The releases will occur in phases and are meant for integrated refining and chemical plants, the National Food and Strategic Reserves Administration said in a statement late on Thursday.
MG Oils, a lubricant petroleum company, based in Greece, is all set to expand its activities in the country, by establishing new fuel depots. The company primarily deals with the sale of fuels, lubricants and batteries, vehicles, agricultural earthmoving machinery and vessels meeting their requirements and specification. It is also the exclusive dealer for the Ionian Islands of Q8 companies Oils, Dynamic Kote Lubricants, Argo Lubricants and MG batteries power and MG batteries.