British Chancellor of the Exchequer John Sunak announced in the House of Commons on May 26 that the UK will impose a 25% tax on energy profits made by oil and gas companies.Mr. Sunak said the tax was temporary and would be phased out when oil and gas prices returned to more normal levels historicall

Petrobras announced a $16 billion revamp of the Campos Basin, offshore Brazil, which includes plans to introduce three new platforms and connect more than 100 oil RIGS to the area.The Brazilian state-owned oil and gas company will invest over the next five years. Petrobras says it will use new techn

1. Introduction of Polished rod clamp the polished rod clamps are used to connect the polished rod and pump unite. 2. Material1. Chemical CompositionTo meet the requirements of this specification, polished rod manufactured from any AISI or equivalent specification recommended cast iron or carbon ste

The Tehran Times reported on April 11 that the Iranian Oil Terminal Company said it was accelerating the development of oil projects to boost exports of oil and natural gas condensate. Kahag Island is a continental island in the Persian Gulf in southern Iran, 25 kilometers off the coast of Iran and