Drilling & production - 01 November 2018

The well will be drilled from the Scarabeo 8 drilling facility.

The company has signed a major Engineering, Procurement, and Construction contract by Middle East Oil Refinery for the modernisation and expansion of their existing complex near Alexandria, Egypt.

The Consortium has announced that it has entered into a Share Purchase Agreement to acquire a 50% ownership interest in Petrobras Oil and Gas B.V.

Malaysian oil and gas leader Sofiyan Yahya will encourage industry to review investment in ‘front line’ safety practices at a global conference in Kuala Lumpur on 7 November.

Recent analysis projects a 2019 recovery in oil demand from quite slow growth in 2018 due to weak demand in China and demand contractions in the Middle East and Latin America.

First wellhead production agreement delivers on ADNOC’s UAE in-country value commitment.

The commerciality of India’s deepwater and ultra-deepwater developments has been positively affected by the continuing low costs in the service sector.