Petrofac, the international service provider to the oil and gas production and processing industry, has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by Sharjah National Oil Corporation (SNOC)
Industry
Saipem signs MoU to become a Joint Industry Programme (JIP) 33 Partner
Italian oil and gas industry contractor Saipem has signed a memorandum of understanding (MoU) to become a Joint Industry Programme (JIP) 33 Partner
Low commodity prices and challenging market conditions affecting industry
Oil and gas companies in the upstream, midstream, downstream and oilfield services sectors are still struggling with low commodity prices and challenging market conditions, according to Deloitte’s ‘2020 Oil and Gas M&A Outlook’
PDO to boost Omani engineering with OmEPC US$25mn contract
Petroleum Development Oman (PDO) has signed a new contract with the Oman Engineering Procurement & Construction (OmEPC), a joint partnership between four Omani SMEs; Value Engineering Centre (VEC), Hamad Engineering Services (HES), Precision Engineering Consultancy (PEC) and Rock International
‘OPEC cuts are not enough to balance the market following coronavirus outbreak’
The production cuts of 600,000 bpd proposed by an OPEC+ committee are far from enough to balance the market following the coronavirus outbreak in China, a Rystad Energy analysis shows
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