Monday, August 20, 2018
Subsea 7’s try to amass rival contractor McDermott may create a strong new entity within the world marketplace for subsea umbilicals, risers and flowlines (SURF), giving it a best-in-class market share of 24%, in keeping with analysis and evaluation...
Baker Hughes, a GE firm, has been awarded by Statoil Petroleum AS and Aker Solutions a contract to supply turbomachinery gear for the topside construction for the floating manufacturing, storage and offloading vessel (FPSO) to be situated at Johan...
Over $142bn might be spent on 97 upcoming oil and gasoline fields between 2018 and 2025. Capital expenditure (capex) into North America&#zero39;s typical oil and gasoline initiatives will add as much as $91bn and $2.9bn, respectively over the eight-year...
Hedge funds investing in oil are luring capital on the quickest tempo in additional than a 12 months.With crude climbing to ranges not seen since 2014, commodity funds have recovered the consumer outflows they suffered final 12 months. And...
PIPELINE expertise specialist STATS has narrowed losses after reducing prices amid the downturn within the North Sea and rising gross sales in necessary abroad markets.Aberdeenshire-based STATS made a £zero.8m pre tax loss in 2017, in contrast with £1.4m in...
French oil large Total SA stated final month it had acquired Marathon Oil Corp.’s property in Libya in a $450-million deal.Not so quick, says the nation’s state vitality firm.Libya’s National Oil Corp. hasn’t but accredited the transaction and is...
An assault on an oil pipeline supplying Libya’s greatest export terminal has decreased the North African nation’s manufacturing by at the very least 80,000 bpd and would take a number of days to restore, the National Oil Corp. stated...
BP and Reliance Industries introduced the sanctioning of the “Satellite cluster” challenge in Block KG D6, offshore India. The corporations are transferring ahead to develop the block’s fuel fields in an built-in sequence of initiatives.The Satellite cluster is the...
Air Control Entech (ACE) and the Oil & Gas Technology Centre have launched three new-type unmanned aerial autos (UAVs), which purpose to cut back offshore oil and fuel inspection prices by as much as 50%.While UAVs are usually used...
U.S. power corporations added oil rigs for a 3rd week in a row as power companies comply with by means of on plans to spend extra on drilling this yr with crude costs close to three-year highs.Drillers added 5...
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