Upstream news

A leading oil and gas industry logistics expert has said the sector’s businesses would welcome the Government’s pledge to spend £30 billion on English road improvements and should see the announcement as a key part of its Brexit preparations.

The results are as determined by McDaniel & Associates Consultants Ltd as at 30 September 2018. The data is compared with and reconciled to the position at 30 September 2017.

Emerson, in partnership with Fores Engineering, has signed a US$32 million contract with Sonatrach.

Rowan Companies has announced that the R-Class ultra-deepwater drillship has been awarded a contract in Mexico.

Telford Offshore has been awarded a charter party from Indonesian contractor Timas Suplindo for the DP3 multi-purpose offshore construction vessel, Telford 25.

The scope of work includes the inspection of 27 offshore jackets in the Mumbai High North, Mumbai High South, Heera, Neelam and Bassien assets, located off the coast of Mumbai in the Arabian Sea.

The company plans to increase its oil production capacity to 4 million bpd at the end of 2020 and 5 million bpd by 2030.

Headquartered in Houston, TX, with plant operations in Pasadena, TX, GBC is a manufacturer of maleic anhydride derivatives and provides a variety of contract manufacturing, warehouse and transportation services for a range of industrial end markets.

Simon Jones, Head of Professional Services, Petrotechnics, explores the overwhelmingly positive views coming from senior industry leaders about the digital horizon.

Oil prices look to remain under pressure, as fears of global oversupply have returned with a vengeance.