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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

  • Petroleo Brasileiro SA (Petrobras) has awarded a contract to Oceaneering International Inc. subsidiary Marine Production Systems do Brasil Ltda. for intervention and completion operations in Brazil.

  • Goodrich Petroleum updated completion results on two wells in Louisiana’s Bethany-Longstreet field in DeSoto Parish. Wurtsbaugh 35 No. 1 (71% working interest), which came online in July, achieved a 24-hr peak rate of 22.5 MMcfd. Demmon 34 No. 1 (89% working interest), which came online in August, also achieved a 24-hr peak rate of 22.5 MMcfd. Both wells are 4,600 ft laterals.

  • Oil prices rose Aug. 17 on anticipated trade talks between the US and China, ending a volatile week for oil prices that experienced downward pressure throughout the week from a strengthening US dollar and building US crude oil inventories.