Upstream news
Sapura Energy consolidates presence in Mexico and Malaysia with RM1.75 billion in new contract wins
The new contracts have lifted the company’s orderbook to RM18 billion and total contract wins to-date for this financial year to RM7 billion.
Faroe announces commencement of Brasse East well
The Brasse East well is being drilled immediately east of the Brasse field, discovered by Faroe in 2016 and appraised in 2017.
Fast4Ward™ gaining speed - SBM Offshore signs for hull #2 as keel is laid for hull #1
Coinciding with the keel laying ceremony for its first Fast4Ward™ FPSO hull, SBM Offshore signs the contract for a second hull with SWS shipyard in Shanghai, China.
MMEC Mannesmann opens regional headquarters in Abu Dhabi to expand its presence in the MENA region
The German engineering contractor brings along its global technological know-how and expertise to help grow the region’s oil & gas and chemical industries.
Aubin announces senior management changes to support R&D and continued business growth
Aubin, the chemical solutions provider to the energy industry, has realigned its senior management team to enhance the company’s technology development and support its continued business growth.
Permian Token brings the blockchain to the oil and gas sector
PermianChain Technologies is introducing the Permian Token (XPR), a crypto asset-class that will underpin holding rights to the value of potential but undeveloped oil and gas reserves.
Cantor Fitzgerald Europe: Deeper cuts required to stabilise oil price
Ashley Kelty, oil and gas research analyst at Cantor Fitzgerald Europe, comments on the recent slump in oil prices.
Woodside signs agreement for long-term domestic gas supply
The company has entered into the agreement with Perdaman Chemicals and Fertilisers Pty Ltd for the supply of pipeline gas for a term of 20 years.
Schlumberger uses Celonis to support enterprise-wide business transformation
The company will use Celonis to accelerate the enterprise-wide deployment and adoption of their business transformation initiatives in conjunction with their global ERP consolidation.
Subtech’s multi-million dollar offshore contract awards success takes James Fisher from strength to strength in the Middle East
The contracts cover a range of works from installation and maintenance, to demolition and decommissioning.