ADNOC banned Petrofac from new projects following bribery charges brought against a former executive at the EPC giant
Products & Services
Baker Hughes introduces flexible pipe solution for pre-salt subsea developments
The solution extends the recent contracted service life of Baker Hughes flexible pipes by at least 50%
Qatar Petroleum signs a 10-year agreement to supply LNG to China’s Sinopec
Through the long-term deal, the company will supply 2 million tons per annum of LNG to China
bp to plan UK’s largest blue hydrogen facility
Proposed project in Teesside would be the largest in the UK, producing up to 1GW of ‘blue’ hydrogen, 20% of the UK’s hydrogen target, by 2030
Saudi Aramco has “bolder ambitions” for energy transition collaboration with China: Amin Nasser
Saudi Aramco’s CEO noted the importance of collaboration to help China meet its energy transition goals
Lloyd’s Register develops non-conformance report solution for oil and gas plants
The update comes as heavy industry including oil and gas has experienced significant increases in the backlog of safety critical maintenance, compounded by the impact of Covid-19
Renewables spending set for new record in 2021, luring service suppliers as oil and gas gap narrows
Renewables capex, which equals purchases from supply firms, is set for another record year, picking up where last year left off, when spending hit $224 billion
Petrofac secures $80 million extension to Iraq contract
The contract will be extended for a further year
Carbon capture and storage integral to meeting climate objectives, says GlobalData
Although CCS has been around for nearly five decades now, very few countries have implemented this technology on a large scale
Premier COREX opens hi-tech independent formation damage testing facility in Abu Dhabi
The UAE site, which is now fully operational, will offer full reservoir condition (pressure and temperature) simulations