In a recent forecast to the World Oilfield Equipment Market Forecast, Douglas Westwood has described that 2017 has seen a strengthening onshore rig count, led by US activity, but firms within the offshore sector have seen little abatement to the challenges presented in recent years
Exploration & Production
SATORP achieves ISO 14001:2015 certification from Intertek
Saudi Aramco Total Refining and Petrochemical Company (SATORP), an oil and petrochemical joint venture refinery between Saudi Aramco and TOTAL, has achieved ISO 14001:2015 Environmental Management Systems Certification for maintaining and improving environmental management systems
Vallourec signs OCTG supply contract with Shell JV in Egypt
Vallourec, the global provider of tubular solutions, has signed a contract with Badr El Din Petroleum Company (BAPETCO) for the supply of tubular solutions (OCTG) for 60 to 70 gas wells of an onshore project in the Western Desert of Egypt
Oil to average in the US$50s a barrel in 2018
The average price for Brent crude oil in 2018 will remain in the range of US$50s per barrel, according to Gulf Intelligence’s recent industry survey which was conducted across the Middle East and Asia
Synectics wins multiple surveillance contracts in the Middle East
Surveillance solutions business Synectics has received multiple contracts for onshore and offshore oil and gas developments, which will be spanning across Egypt, Saudi Arabia, the UAE and Iran