Drilling & production - 24 April 2018

Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments.

The Onsight Cube is a rugged camera that can be worn on a helmet, chest mount or a mono-pod to access high or difficult-to-reach areas, and connects wirelessly via Bluetooth to a handset.

Oilfield service sales increased 21% on average for these three bellwether companies, while their oilfield equipment sales increased only 1%.

Oil sands projects will require US$43 billion, while the investments into heavy oil assets will require almost US$4 billion in upstream Capex by 2025.