The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 bpd proposed by an OPEC+ committee are far from enough to balance the market, a Rystad Energy analysis shows
Exploration
Xergy Group launches Proteus to transform oil and gas ERP market
Aberdeen-based Xergy Group has unveiled Proteus, a cloud-based work management system, to allow companies to find right people for projects when needed, thus transforming the way in which industry sources and uses talent and delivering these projects with increased profitability
Aquaterra Energy wins Chevron contract to build offshore platform in Angola
Aquaterra Energy, global offshore engineering solutions provider, has secured an agreement from Chevron’s wholly-owned Angolan subsidiary Cabinda Gulf Oil Company Limited (CABGOC), to design and support installation of a sea swift offshore platform off the coast of Angola
ROVOP’s full in-house inspection services offering
Global subsea robotics specialist ROVOP has announced the addition of full in-house inspection services to complement the range of underwater robotics technologies
Petroleum Law gets presidential ratification in Somalia
Following approval by Somalia’s upper and lower houses of the Federal Parliament, the Petroleum Law has been ratified by the President Mohamed Abdullahi Farmajo
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