Recent civil unrest across North Africa and certain countries in the Middle East serves a salutary reminder to investors of the inherent risks of emerging markets. North Africa, in particular, is strategically important to many international oil companies (IOCs) headquartered in Europe.
Technology
Spatial information system
Leica Geosystems, best known for its array of products that capture, analyze, and present spatial information has been working with surveyors to get real time market feedback on its Viva GNSS system.
Promat protects LNG train project
Promat has supplied its Cafco FENDOLITE MII system as a primary part of the scheme to protect the GL2-Z LNG train project in Arzew, Algeria.
Rugged equipment for a harsh environment
WEG Electric Corp., one of the largest suppliers of electric motors and related control equipment is helping EN-FAB Inc. to achieve demanding production targets in a major steam injection recovery project for Petroleum Development Oman (PDO) to reverse Omans declining oil production.
Higher oil prices sustain EMEA oil and gas companies
Despite relatively high and rising oil prices and sound operating cash flows in 2010, Standard & Poors Ratings Services sees mixed prospects for the credit quality of rated oil and gas companies in Europe, the Middle East, and Africa (EMEA), according to a report published by Standard & Poors.
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