Industry

Petrofac extends Iraq oil contract

oil storage tank 5015840 640Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP)

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Axiory Global launches two new products to combat negative oil prices

russia 112445 640Leading Global Forex Brokerage firm Axiory Global has launched two brand new products that have been especially designed to combat negative oil prices: the US Oil Index and the UK Oil Index

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Operators to increase expenditure on oil and gas decommissioning work

refinery 514010 640Energy companies have been cutting exploration and production budgets since the COVID-19 pandemic struck and sent oil prices down, but operators are now likely to increase expenditure on decommissioning work with few profitable investment alternatives

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Oceaneering wins asset integrity scope contract in Middle East

35560488582 3ebb7a0d4a cEngineering services company Oceaneering International has been awarded a significant asset integrity contract from a major operator based in Dubai, UAE

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KSA-based ARGAS targets global expansion

19339401 5740edb925 zKSA-founded Arabian Geophysical & Surveying Company (ARGAS), a seismic acquisition company in MENA, is expanding its operations internationally, building on a strong track record that has made it a leading regional success story in the oil and gas sector services industry

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