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Drilling & production

 
 
 

GlobalData: Aramco tax cut boosts upstream value ahead of expected IPO

Faced with declining government revenues from the oil and gas sector after the oil price crash and looking to diversify its economy, Saudi Arabia is reportedly planning to list 5% of its state-owned oil giant, Saudi Aramco, in an Initial Public Offering (IPO) in late 2018.

 
 
 
 
 
 
 

Wood Group awarded new automation contract with TPC Group

Wood Group has been awarded a new three year contract valued at US$8 million to deliver process automation engineering services to TPC Group, a leading producer of value-added products derived from C4 hydrocarbons.

 

Ascent Resources: first gas from Pg-10

The Board of Ascent Resources plc , the European focused oil & gas exploration and production company reports that commercial production has commenced from well Pg-10.