Matt Cartwright New COO

The UK Oil and Gas Investments’ are pleased to announce that they have appointed a new Chief Operating Officer. The group recently confirmed that Matt Cartwright had been chosen to take on the role.

However, Matt Cartwright wasn’t new to the company, he has been working with UK Oil and Gas Investments as a consultant for over a year. He joined the company in July 2014 and brought with him over thirty years of experience. Matt has spent his career working in the global oil and gas industry and is considered a huge asset to the company. According to UK Oil and Gas Investments, Matt will leave his position as a consultant and begin his new role of Chief Operating Officer immediately.

In Matt’s thirty years of experience, he has previously worked in a range of areas. These include: business development, operating management, strategic planning, deployment of new technology and economic evaluation.

Matt has previously worked on some of the largest UK and International offshore and onshore activities. He has also worked for some of the biggest names in the oil and gas industry including; BP, Total and ARCO to name a few. Matt is not only incredibly good at his job but, clearly he also one smart cookie. As the new COO has a first class degree from Cambridge University in Engineering.

Chief Executive, Stephen Sanderson has already spoken publicly about the new appointment. Stephen said that the whole team were delighted to announce Matt as the new Chief Operating Officer. He also continued to share that Matt has already helped the company grow over the last year.

Clearly Matt has made important contributions to the company which has no doubt helped him secure this position. The UK Oil and Gas Investments company is currently going through an incredibly exciting time and Matt is sure to be kept very busy.

The Group have explained that the reason Matt has been chosen is because of his deep industry knowledge and breadth of experience and it seems that Matt will seamlessly fit in with the rest of the management team.

53 year old Matt has also recently been involved in growing the UK Oil and Gas Investments asset portfolio which is an area the business want to continue focusing on.

UK Oil and Gas Investments are keen to continue evaluating their onshore portfolio and are looking to continue expanding their portfolio, particularly in the South of England.

This appointment seems to have gone down well with the company’s stakeholders as the UKOG shares have seen an increase.

This entry was posted in Default.

HERMETIC Is Named The Best Centrifugal Pump Manufacturer for 2014

It has been a fantastic week for Russian company HERMETIC! The company have been celebrating after being named the Russian Oil and Gas Industry’s best centrifugal pump supplier for 2014. A huge congratulations are in order for the company, who are no doubt thrilled with this achievement.

HERMETIC also won the prestigious title in 2013, but thanks to their hard work and dedication, they have managed to retain the title and build on their successes.

Currently HERMETIC supply a huge range of products to a number of Russian industries. Their current range includes; magnetic drive pumps, vacuum and positive displacement pumps and canned motor pumps to name a few. They also differentiate themselves from their competitors by allowing their customers to either chose from a number of special designs, or they are willing to tailor make a pump in order to suit their customer’s needs.

Other reasons why HERMETIC were triumphant include the fact that the brand has impeccable quality, exceptional reliability, the highest safety standards and a fantastic customer support team.

The Russian Ministry of Energy conducted an independent survey to find the winners of the Russian Oil and Gas Industry’s best centrifugal pump manufacturer. The prize was then given to them at the exclusive Neftegaz event in Moscow by Russian refineries.

So what does this mean for HERMETIC?

Well to begin with it positions the company as a leader and pioneer in the oil and gas market. This is a great position to be in, especially in Russia where they are continuously looking for new oil and gas resources. The government and handpicked agencies are also working to find alternatives to fossil fuels in the hope that the world can become a more sustainable and greener place to live.

The company may also be interested in East Siberia. This area is thought to contain numerous and untouched oil reserves.

A process in Russia was put into place when they first started unearthing untouched reserves. This was to ensure the country used the materials as productively and efficiently as possible. The current process means that raw materials are first recovered, secondly they are processed and finally they are transported. This process is carried out under the toughest and strictest conditions to ensure it achieves its productivity and efficiency goals.

HERMETIC are able to contribute to the search for raw materials because of the unique machinery that they own. Their canned motor pumps are perfect for working in difficult operating conditions which is one of the key reasons the Russian government and other users would chose a HERMETIC pump to be used in their products.

Many centrifugal pump suppliers, (HERMETIC included) are also on a mission to find sustainability as they want to provide their customers with greater efficiency and of course they don’t want safety to be compromised. So this is another key reason for HERMETIC to be involved in the search for alternatives to fossil fuels.

Industry in Arabic countries is also still growing so it’s important that Russian companies like HERMETIC stay ahead of the game. At the moment canned Motor pumps by HERMETIC are relied upon by many refinery industries and both their standard and customised pumps are vital in new projects or when working with historical buildings.

An industrial customer looking for pumps should consider HERMETIC as their pumps portfolio is one of the best. Now that they have retained the prestigious title, we’re sure that the company will be set for another promising year. They won’t want to miss out on the title for the third year in a row now would they?

This entry was posted in Default.

New report shares details about the pump market in India

It’s good news for the Indian pumps market! According to new research, India is about to experience unprecedented growth in the pumps market thanks to the country’s investment in infrastructural development.

Kirloskar Brothers Ltd is currently the biggest player in the Indian pumps market and (after this research came to light) they are looking to build a range of new and innovative products for a variety of industrial applications.

If Kirloskar Brothers Ltd is successful in this goal, they will soon rival some of the biggest pump businesses in the world.

This report will also benefit other large companies in the Indian pumps market which include Shakti Pumps and KSB pumps. There are also a number of small and medium pumps businesses that this report will help too.

The research looks at a range of aspects in the pumps industry including market size and market segmentation, in order to provide a complete analysis. The research then allows those in the pumps industry to have a better insight into the industry and enables them to make better business decisions.

Two important areas in the report are key drivers and growth restraints. Key drivers focuses on what will drive pump demand in India in the future. Growth restraints, like key drivers will also affect demand but will focus on what restraints are likely to slow pump demand.

In order to make the report as accurate as possible, the research also took into account recent developments in the industry which would obviously have a massive impact on the pumps market.

Unfortunately for India, recently the country has seen their growth rates decline. This has been put down to rising productions costs, a lack of domestic demand and no government investment.

The report then goes into detail about why India has experienced a steep decline in growth. The report suggested that it was down to diminishing revenue in the industrial pumps market. Currently in India, there has been a huge soar in raw material prices which understandably impacts the pumps market revenue.

The report follows on by breaking down the pumps market into the two different types of pumps available; centrifugal pumps and positive displacement pumps.

It is good news for the centrifugal pump suppliers as in the 2014 financial year, centrifugal pumps amassed a much larger sales figure across India. This is because centrifugal pumps are much more versatile and can be used in more application types when compared to the positive displacement pumps.

Currently the industrial industry use pumps in the following sectors; oil and gas, metals and mining, power generation, chemicals and water and water water. Then the report turns its attention to agricultural and domestic pumps which are used in the building and construction sector and the agricultural sector.

The research was commissioned by Ken Research and in this statement they summed up what they found. “The investment announced by the Indian government for the development of infrastructure will result in increased spending on industrial and agricultural pumps, rising pressure on profit margins due to high raw material costs affecting the growth of this industry in the future.”

This entry was posted in Default.