Globally, the total crude and condensate production from announced and planned global offshore projects is expected to be around 8.1 mmbbl per day of crude and about 47.3 bcf per day of natural gas by 2025, according to GlobalData, a leading data and analytics company
Petrochemicals
Saudi-based Binzagr and AS-Schneider start valve production
Following the 2017 cooperation contract between industrial valves specialist AS-Schneider and the Saudi Arabian production and distribution company Binzagr, the production of valves and valve blocks has now been officially underway on-site
NESR and DTVC to open a research centre in Saudi Arabia
National Oil Technology Company, subsidiary of National Energy Services Reunited Corp (NESR), provider of integrated energy services in the Middle East and North Africa (MENA), has signed an agreement with Dhahran Techno Valley Company (DTVC), a wholly owned subsidiary of King Fahd University of Petroleum (KFUPM)
Grandweld launches first crew boat for KOC
Kuwait Oil Company (KOC) and the UAE-based Grandweld Shipyard have launched the first crew boat as per an agreement signed last March to build six pilot boats and four crew boats for KOC
SNC-Lavalin wins oil field contract in Iraq
SNC-Lavalin has received a framework agreement for project support services from LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq
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