The 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
Atkins, a member of the SNC-Lavalin Group, has received a five-year framework contract by BP global wells organisation for global riser analysis services
UK’s Viper Innovations signs subsea contract with Royal Niger
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
OPEC meeting in Vienna agrees to raise oil output
During 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
US$3.3 trillion to be spent across planned oil and gas projects worldwide
A 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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