KBR, Inc. has announced that it has been awarded a contract by PT Chevron Pacific Indonesia for engineering, project and construction management services for Chevron's operating fields in Sumatra, Indonesia.
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.