Oil and gas markets brace for impact of pandemic’s second wave: Wood Mac

9630416827 ec2a31457d cDulles Wang, director, Americas gas research at Wood Mackenzie, said the company’s H1 2020 outlook anticipates an oil price rebound as demand starts rising post-coronavirus, but a second large-scale lockdown would deepen the recession, and possibly delay any rebound in GDP until 2022

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COVID-19, oil crash hit Petrofac revenue

industry 525119 640Oilfield service provider Petrofac reported a loss of US$78mn in the first half of the year and decided to continue to suspend dividend payments and thus not to pay an interim dividend in 2020 to conserve cash

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Fluor JV achieves final provisional turnover of clean fuel megaproject facilities in Kuwait

ML20190013 643 KNPC MAB2HFluor Corporation said its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries has completed the final interim turnover of the Kuwait National Petroleum Company’s (KNPC) Mina Abdullah Package 2 (MAB2) clean fuel project in southern Kuwait

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Sparrows Group signs partnership agreement with J.D. Neuhaus Group in Middle East

Intrusive inspection of JDN Air Hoist during five yearly overhaul and service minThe Sparrows Group has signed a long-term partnership agreement to become the only original equipment manufacturer (OEM) service provider for market-leading machine construction company, J.D. Neuhaus Group (JDN) in the Middle East

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WWC, Oil Spill Response sign strategic alliance deal for increased response capabilities

44150055532 fb315c1534 cWild Well Control (WWC), a specialist for emergency response of well control, pressure control, relief well planning, engineering and well control training services, and Oil Spill Response Limited (OSRL) have signed a strategic alliance deal for increased response capabilities

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