The projection of a cumulative loss of US$340bn over the next eight years comes as peak oil demand will arrive earlier and at a lower level than expected, meaning E&P investments will be reduced.
Industry
Amarinth secures API 610 VS4 pump order for El Merk processing facility in Algeria
Amarinth, global company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the oil and gas, petrochemical, LNG, chemical, industrial, power and desalination markets, has secured an order from Groupement Berkine Sonatrach Anaderko for the El Merk processing facility in Algeria
Shell entrusts SPIE with lube oil facility contract in Bangkok
The Shell Company of Thailand has awarded a new and enlarged contract to SPIE Oil & Gas Services, a subsidiary of SPIE, the independent European leader in multi-technical services in the areas of energy and communications, to provide corrective maintenance services at its lube oil facility in Bangkok
Halliburton teams with Accenture to transform digital supply chain
Halliburton and Accenture have teamed to accelerate Halliburton’s digital supply chain transformation and support digitalisation within the company’s manufacturing function
Siemens Energy partners with Linde Engineering
Siemens Energy and Linde Engineering have entered into a strategic partnership to leverage their complementary portfolios and competencies to investigate, develop and optimise technology and equipment packages to enhance the sustainability and performance of petrochemical facilities (brownfields and greenfields)
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