Tenaris, a supplier of tubes and related service, announced that ADNOC has awarded it a long-term contract for the provision of tubulars and rig direct services over the next five years, with a total value of US$1.9bn and the possibility of a two-year extension
The subsea market in 2019 will experience y-o-y growth for the first time since 2014, but the positive outlook is vulnerable to any significant decline in oil prices over the next few years, according to energy research and consulting firm Rystad Energy
Trelleborg’s marine and infrastructure operation has relocated its headquarters and Dubai marine fender sales operation to Jafza One, a new commercial complex in Jebel Ali Free Zone, Dubai in the UAE
Aker Solutions has won a US$77mn order from Abu Dhabi National Oil Company (ADNOC) to deliver subsea umbilicals for the Dalma gas development project located offshore UAE in the Persian Gulf
Oil and gas have advanced past technology and communications to become the leading sector in the Forbes 2019 list of the world’s largest public companies with a 16.2 per cent y-o-y growth in revenue generation, according to GlobalData, a data and analytics company
