Petrofac extends Iraq oil contract
Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP)
Industry
Axiory Global launches two new products to combat negative oil prices
Leading Global Forex Brokerage firm Axiory Global has launched two brand new products that have been especially designed to combat negative oil prices: the US Oil Index and the UK Oil Index
Operators to increase expenditure on oil and gas decommissioning work
Energy companies have been cutting exploration and production budgets since the COVID-19 pandemic struck and sent oil prices down, but operators are now likely to increase expenditure on decommissioning work with few profitable investment alternatives
Oceaneering wins asset integrity scope contract in Middle East
Engineering services company Oceaneering International has been awarded a significant asset integrity contract from a major operator based in Dubai, UAE
KSA-based ARGAS targets global expansion
KSA-founded Arabian Geophysical & Surveying Company (ARGAS), a seismic acquisition company in MENA, is expanding its operations internationally, building on a strong track record that has made it a leading regional success story in the oil and gas sector services industry
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