Federal exports from OPEC’s second-largest oil producer climbed to 3.415 million b/d in February,
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“Oil demand will recover after coronavirus” – Aramco
Saudi Aramco trading CEO says markets will recover in Q2 2020
Coronavirus to delay most 2020 FPSO deliveries and postpone $30 billion E&P investments
At present, 28 FPSOs are under development globally, 15 of which are being built in China
BP extends multi-million-pound vessel contract with Vroon Offshore Services
Vroon’s fuel-efficient ERRVs align with BP’s net zero ambitions
Xodus Group reveals new analysis showing need for rapid pivot to gas
Xodus predicts that crude oil and coal will decline to 1,500 Mtoe per year and 1,200 Mtoe per year respectively by 2040
Middle East contractor ARO Drilling powers offshore rig fleet with IFS applications
IFS’s comprehensive industry solution helps ARO Drilling increase efficiency through automated and consolidated operations
Kuwait Oil Company suspends events and training as coronavirus spreads
There are 46 confirmed coronavirus cases in Kuwait
European Commission clears $69 billion Saudi Aramco SABIC acquisition
Saudi Aramco agreed to purchase a 70% stake in Saudi chemicals giant SABIC from the Public Investment Fund for $69 billion
Cybersecurity top digital focus of upstream oil and gas companies: Accenture
Yet upstream businesses are struggling to scale digital technologies and unlock additional value
Tubes and piping are most failure-prone components in oil and gas and maritime industries: DNV GL research
Fatigue (30%) and corrosion (19%) make up nearly half of the primary failure types occurring in the cases DNV GL analysed