Key Energy Services, Inc. announced that it has agreed to invest approximately $35 million in Geostream Services Group (”Geostream”) in exchange for a fifty percent (50%) equity interest in the company. Geostream, which is headquartered in Moscow, provides drilling and workover services and sub-surface engineering and modeling in the Russian Federation. Key also has the [...]

Wescorp Energy Inc., an oil and gas technology solutions provider, is pleased to announce that Flowstar Technologies, a wholly-owned subsidiary, has launched its proprietary IFMWorks web-enabled hosting solution. IFMWorks system is designed to be used in a wide range of flow measurement and production data applications. It has the ability to collect data from remote [...]

The program, which will be held in Dubai from 10 to 15 May 2008, is the first time it will be offered in the region.
The program uses current oil and gas industry examples to examine how management strategies and styles have changed as companies and workforces become more global and diverse.
With dramatic changes currently occurring [...]

City Capital Corporation announced the acquisition of Montreal Beneficial, Inc., a Dallas-based group with over 100 years experience in oil and gas operations. A Nevada corporation in the name of Goshen Energy Resources, Inc., “Goshen,” was created for this transaction. City Capital owns 600,000 shares and Montreal Beneficial owns 400,000 shares of Goshen. Goshen will [...]