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Oil & gas news

 
 

NECE secures new North Sea contract

Integrity monitoring solutions specialist North East Corrosion Engineers (NECE), part of the ICR group, has secured a significant contract for the provision of corrosion and microbial monitoring services on four North Sea assets.

 
 
 
 

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.