Oil and gas engineering company Amec Foster Wheeler has been awarded a front-end engineering design (FEED) contract for Ras Markaz Crude Oil Park Project planned near Duqm on Oman’s Wusta Coast
Technology
New exploration valuation tool to assess oil and gas fields
UK-based oil and gas consultant CGG Robertson and research firm Wood Mackenzie have launched a new exploration valuation tool EV2 to accurately assess the future potential of oil and gas fields
Spanish firm to use IBM’s tech to find new oilfields
Spain-based energy firm Repsol has announced that it will use IBM’s supercomputer Watson for developing data analysis tools to find new oilfields
Alderley FZE to supply equipment for refinery project in Saudi Arabia
UK-based oil and gas engineering company Alderley FZE has secured a contract to supply nine oil metering systems and small volume provers for the Jazan Refinery Package 14, Marine Terminal Project in Saudi Arabia
Digital oilfield market projected to reach US$38.49bn by 2024
According to global market research firm MarketsandMarkets, the digital oilfield services and processes market will grow from an estimated US$24.6bn in 2014 to US$38.49bn by 2024
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