Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore
Industry
Cybersecurity now top focus of upstream digital investments: Accenture report
A new report from services company Accenture has revealed that cybersecurity has emerged as the top focus of upstream oil and gas companies’ digital investments
Coronavirus to impact upstream oil and gas prices: Wood Mackenzie
According to Wood Mackenzie, upstream operators are concerned about the impact of the growing Coronavirus epidemic on oil and gas demand and prices
UAE’s Fujairah and Brooge Petroleum reaffirm land lease agreement
Fujairah Oil Industrial Zone (FOIZ) and the oil storage and services business, Brooge Petroleum and Gas Investment Company (BPGIC), have reaffirmed their partnership in a recently signed land lease agreement
Oliver Valves secures US$12mn order in the Middle East
Oliver Valves, a UK-based manufacturing firm, has secured a contract worth US$12mn for a major international EPC company based in the Middle East