Technical Focus

UK engineering firm wins FEED contract for Omani crude oil storage terminal

oil storage OmanOil 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

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New exploration valuation tool to assess oil and gas fields

valuationUK-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

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Spanish firm to use IBM’s tech to find new oilfields

newSpain-based energy firm Repsol has announced that it will use IBM’s supercomputer Watson for developing data analysis tools to find new oilfields

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Alderley FZE to supply equipment for refinery project in Saudi Arabia

MeteringUK-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

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Digital oilfield market projected to reach US$38.49bn by 2024

DOF2According 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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