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Drills Market for Oil & Gas Industry Applications to Witness an Impressive CAGR of 5.5% by 2028

Drills used in the oil and gas industry market is expected to reach USD 14,218.2 million in 2021, growing at a CAGR of 5.5% during the forecast period

Drills used in the oil and gas industry market is expected to reach USD 14,218.2 million in 2021, growing at a CAGR of 5.5% during the forecast period. The report titled Drill Bits for Oil and Gas Industry provides a basic industry overview. The growing demand for petroleum products is expected to drive the market expansion due to the increase in crude oil production. According to the U.S. According to the Energy Information Administration EIA, global consumption of liquid fuel and oil averaged 94.3 million barrels per day in August 2020. Increasing onshore drilling activity is expected to support the growth of the drill bit market. Read More..

B2B Tech News | 2 years ago        

Vodacom Group expects service revenue to grow 3.0% in Q2 revenue.

Vodacom Group maintained solid results in the first quarter despite financial market turbulence caused by the COVID19 and RussiaUkraine conflict and u

Vodacom Group maintained solid results in the first quarter despite financial market turbulence caused by the COVID19 and RussiaUkraine conflict and uncertainty surrounding the global economic recovery. Inflation continues to accelerate in most markets where we do business, meaning the cost of living has risen. Safaricom Groups firstquarter revenue rose 5.2 percent to 26.1 billion won. Our operating income growth was supported by 10.4% growth in our international portfolio and 9.3% growth in financial services. Growth in financial services has been slowed by Tanzanias mobile money tax Read More..

B2B Tech News | 2 years ago        

Silverback Therapeutics merges with San Diegobased biotechnology company developing EpiPen alternative

Seattlebased Silverback Therapeutics will merge with ARS Pharmaceuticals in San Diego. The combined company will focus on regulatory approval and mark

Seattlebased Silverback Therapeutics will merge with ARS Pharmaceuticals in San Diego. The combined company will focus on regulatory approval and marketing of ARS epinephrine nasal spray. In March, Silverback reported disappointing clinical data for solid tumors and discontinued its oncology program. ARS plans to file an NDA New Drug Application with the US Food and Drug Administration FDA in the third quarter of this year. If the spray is approved, it aims to launch the product in 2023. Silverback has developed a therapy based on the ImmunoTAC platform. Read More..

B2B Tech News | 2 years ago        

Portugal and Switzerland launched hydroelectric power stations with a capacity of more than 2 GW

Iberdrola opened the Tâmega Gigabattery hydroelectric plant in Portugal and a similar facility in Switzerland. These systems are also called water ba

Iberdrola opened the Tâmega Gigabattery hydroelectric plant in Portugal and a similar facility in Switzerland. These systems are also called water batteries because they are designed to add more than 2 GW in total to Europes energy storage capacity. Iberdrolas Tâmega Gigabateria has a capacity of 40 GW/h, equivalent to the electricity demand of 11 million people in 24 hours. It took 14 years to build the NantesDrans hydroelectric plant in Switzerland. Read More..

B2B Tech News | 2 years ago        

Saudi Arabian chemical company SABIC has launched a blockchain pilot program

Saudi Arabian chemical manufacturer SABIC has launched a blockchain pilot project. The purpose of the pilot project is to explore the potential of blo

Saudi Arabian chemical manufacturer SABIC has launched a blockchain pilot project. The purpose of the pilot project is to explore the potential of blockchain technology to support endtoend digital traceability of raw materials circulating in consumer products. The company, which is owned by Saudi Arabian oil giant Aramco, hopes that 70% of its test materials will help reduce the administrative effort associated with the certification process. Read More..

B2B Tech News | 2 years ago        

Gumtree SA has been acquired by VC Company Future potential for expansion in Africa

Gumtree, one of South Africas largest online marketplaces, has been acquired by Impresa Capital. Impresa is a Durban company run by venture capital br

Gumtree, one of South Africas largest online marketplaces, has been acquired by Impresa Capital. Impresa is a Durban company run by venture capital brothers Sean and Donovan Bergsma. Gumtrees operations in SA, UK, Australia, and Mexico were previously sold to Adevintaya. Gumtrees South African operations are currently based in Cape Town, with approximately 60 employees. This expansion plan is expected to create new jobs for Gumtree. As a communitybased market, acquisitions by local investors provided strategic advantages through local expertise and knowledge. Read More..

B2B Tech News | 2 years ago        

South America Air Cargo Market Report 2022 Airport Infrastructure Enhances Potential Opportunity

From US$ 6.48 billion in 2021, the SAM air freight market is anticipated to grow to US$ 9.58 billion by 2028. Ecommerce platforms quick uptake is the

From US$ 6.48 billion in 2021, the SAM air freight market is anticipated to grow to US$ 9.58 billion by 2028. Ecommerce platforms quick uptake is the main driver of the markets expansion. The complexity of temperaturesensitive cargo and issues related to market ambiguity restrict growth. Due to difficult operating situations, South America still has a lower than average demand for air freight than other regions. A serious slowdown in GDP and trade appears to be having a bigger influence on the regions tardy freight recovery than a lack of cargo capacity. IATA The epidemic has had a negative impact on the global aviation business, but South America has been particularly badly hit. Read More..

B2B Tech News | 2 years ago        

Italy and Russia share a rare spacewalk amid tensions in Ukraine

Italys Samantha Cristoforetti collaborated with Russias Oleg Artemiev to develop a new robotic arm for the International Space Station. Recently repla

Italys Samantha Cristoforetti collaborated with Russias Oleg Artemiev to develop a new robotic arm for the International Space Station. Recently replaced head of the Russian Space Agency, Dmitri Rogozin, halted the installation last week and threatened to call the launch into question. After Russia invaded Ukraine in February, Europe stopped working with Russia on Mars exploration. The Associated Press is supported by the Department of Health and Science, Department of Science Education, Howard Hughes Medical Institute. Read More..

B2B Tech News | 2 years ago        



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