The company plans initially to use net proceeds to reduce outstanding borrowings under its revolving credit facility.
The project is Valvoline’s first plant in China. Fluor booked the undisclosed contract value in the fourth quarter of 2018.
Cao Chai, Upstream Oil & Gas Analyst at GlobalData, offers her view on the deepwater project.
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The fall in the country’s crude oil production is poised to carry over into 2019, according to Rystad Energy.
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WellConnection Group, a Norwegian inspection, maintenance and repair (IMR) company has acquired Peterhead-based Independent Oilfield Services (IOS) in a deal which marks their entrance into the UK market.
More than 6500 visitors made their way to Europe’s largest subsea event, Subsea Expo, in Aberdeen this week.