On Iraq’s Karbala refinery project, ALE mobilised a heavylift crane to install three tank roofs, enabling the company to optimise the overall project schedule
Industry
Trade tensions continue to cloud oil outlook: Jadwa Investment
A new report by capital market firm Jadwa Investment stated that partly as a result of global trade tensions, OPEC now expects to see oil demand growth from the US, China (and India) declining on a yearly basis in 2020
NPCC, Petrofac win offshore contract from ADNOC’s Al Yasat Petroleum
National Petroleum Construction Company (NPCC) and Petrofac, along with its joint venture China National Petroleum Corporation (CNPC), have won a front-end engineering design (FEED) contract from ADNOC’s Group company Al Yasat Petroleum
Greece’s Shipoil appoints Inatech to assist with IMO 2020 profit challenge
Shipoil has appointed Inatech, a unit of Glencore, to digitalise its trading and supply operations as part of a strategy to prevent new low-sulphur emissions rules from 2020 eating into profits
Middle East and Africa to hold significant revenue share in FSRU market
The projected value of the global Floating Storage Regasification Unit (FSRU) market in 2018 is US$1,217.9mn, and the market is estimated to reach US$2,380.3mn by 2026 with a CAGR of 8.7 per cent, according to a report on FSRU market by Persistence Market Research
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