Downstream

‘Oil and gas projects worth US$110bn are coming off the backburner’

backburnerThe oil and gas industry has been rapidly investing in new projects over the past 18 months, with about US$110bn being approved for development since the beginning of 2017, as compared to US$50bn in 2016

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Atkins wins new framework agreement for riser analysis

riser analysisAtkins, 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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UK’s Viper Innovations signs subsea contract with Royal Niger

viper

Viper Innovations, the UK-based subsea solution provider for global oil and gas industry, has appointed a new distributor to improve its service offering and share of the Nigerian offshore oil and gas market

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OPEC meeting in Vienna agrees to raise oil output

opec oil rpoDuring the 174th Meeting of the OPEC Conference in Vienna, OPEC and non-OPEC global oil giants have agreed to raise crude production, a move that aims to control the recent rise in global oil prices

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US$3.3 trillion to be spent across planned oil and gas projects worldwide

plan 244A total capital expenditure (capex) of US$3.3 trillion is expected to be spent globally across oil and gas value chain on planned and announced projects between 2018 and 2025, according to GlobalData, a leading data and analytics company

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