As the use of technology has significantly increased in oil and gas in recent years, it is fuelling demand of oil and gas analytics across the produces and operators, according to Transparency Market Research (TMR)
Industry
Petrofac inaugurates construction skills training centre in Algeria
Oilfield services company Petrofac has inaugurated its construction skills training centre in Hassi Messaoud, Southern Algeria, following the completion of a programme to upgrade the centre’s facilities
Topaz deal exposes DP World’s cash flows to heightened cyclicality: Moody’s
Credit rating agency Moody’s Investor Service stated that the acquisition of Topaz Energy and Marine by DP World is credit negative because Topaz’s business is exposed to the oil and gas industry, which Moody’s considers to be more cyclical and therefore volatile than DPW’s traditional port business
IEA’s global commission for urgent action on energy efficiency
The International Energy Agency (IEA) has established an independent global commission to examine how progress on energy efficiency can be accelerated through new and stronger policy action
McDermott wins US$4.5bn contracts from Saudi Aramco
Engineering firm McDermott International has won two contracts worth more than US$4.5bn from Saudi Aramco for the Marjan Increment Development Project