Industry

WorleyParsons acquires Jacobs ECR

worleyiWorleyParsons has announced that it is rebranding to Worley, following its US$3.2bn acquisition of Jacobs Energy, Chemicals and Resources division (Jacobs ECR)

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Saudi Arabia’s TAQA drilling subsidiary to acquire Schlumberger’s Middle East rigs

1558296 1429324027TAQA, Saudi Arabia’s industrialisation and energy services company, has announced that it will acquire Texas-based Schlumberger’s Middle East onshore drilling rigs business

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Wood Mackenzie predicts US$200bn LNG capex boom for 2019-2025

44499016842 cb2a844731 zWood Mackenzie has stated that the LNG boom is back – predicting that capital spending on both the LNG plant and upstream infrastructure will total more than US$200bn in 2019-2025

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Petrofac wins new training contracts

petrofactrainingPetrofac has won training solutions contracts with a combined value of more than US$30mn in Oman, the UAE and Iraq

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OPEC oil production for 2019 will be determined by US waivers decision: Jadwa Investment

2486019912 70ea9e81f9 zThe Trump administration on 22 April announced that it will not extend sanctions waivers it had granted to certain buyers of Iranian oil beyond 2 May as the USA aims to completely halt Iran’s oil exports

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