At the South Sudan Oil and Power Conference in Juba, the minister of mines and hydrocarbons has announced the decision to mandate all petroleum operators to cancel all contracts with the US based oil service company Subsea 7, due to noncompliance of Equatorial Guinea’s local content regulations
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Conbit’s new knuckle boom crane enhances offshore lifting capabilities
Conbit has enhanced its rental crane fleet by investing in a new knuckle boom crane that is ideal for specialist offshore lifting
US$9.9bn in M&A recorded in global oil and gas equipment and services industry in Q3 2018
A combined value of US$9.9bn in mergers and acquisitions (M&A) was recorded in the oil and gas equipment and services industry in Q3 2018, according to GlobalData a leading data and analytics company
MENA will remain main global supplier of oil and gas, says DNV GL
The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century, according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050
Unique Group and Innovo complete major Middle East offshore project
Unique Group, one of the world’s leading integrated subsea and offshore solution providers, and Innovo have signed a decommissioning contract for Italian global marine, oil and gas contractor Saipem for an offshore project in the Middle East
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