Oil & Gas
Israel-based conglomerate Delek Group has agreed to buy North Sea oil and gas operator Ithaca Energy for $1.24bn (£1bn).
Vacuum pump and compressor manufacturer Gardner Denver has partnered with Northey Technologies to bring its Wittig range to the water utility and biogas markets.
The UK’s oil and gas industry is in a state of turmoil. The price of oil plummeted from a high of roughly $115 per barrel in 2014 to just below $30 per barrel at the start of the year.
Comment & Features
Oil and gas is showing signs of improvement, but innovation and development will be driven by an overriding need for predictability in all areas, reports Brian Attwood.