OPEC maintaining its role as a major oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, said global natural resources consultancy firm Wood Mackenzie
Industry
Weatherford to sell off drilling rig operations
A subsidiary of Weatherford International plc has signed an agreement with ADES International Holding Ltd. for the sale of Weatherfords land drilling rig operations in Algeria, Kuwait and Saudi Arabia, as well as two idle land rigs in Iraq
'Iraq offers US$30bn FDI opportunity in oil and non-oil sectors'
In line with Iraq’s ambitious aim to implement a stable macroeconomic framework in the country, the government seeks to unlock potential investment opportunities in both the oil and gas as well as non-oil sectors, said Frost & Sullivan, a global market research and analysis firm
Trinidad awarded contract for two rigs in Kuwait
Alberta-based Trinidad Drilling Ltd has received a five-year contract to build two Trinidad Drilling International (TDI) joint venture rigs in Kuwait, which will begin operating by Q2 2019
Atkins wins new framework agreement for riser analysis
Atkins, a member of the SNC-Lavalin Group, has received a five-year framework contract by BP global wells organisation for global riser analysis services
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