Upstream news

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.

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, 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.

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.

Ashley Kelty, oil and gas research analyst at Cantor Fitzgerald Europe, comments on the recent slump in oil prices.

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.

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.

The contracts cover a range of works from installation and maintenance, to demolition and decommissioning.

The 52 500-square-meter facility expands TechnipFMC’s footprint in Saudi Arabia with a major investment and 140 new jobs focusing on Saudi talents.

The expected availability of the rig is now February 2020.