Market Report

New research published by DNV GL reveals that optimism for growth in the oil and gas industry has weakened for 2020 but the oil and gas sector will continue to boost investment in…
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BP Ventures has invested in energy management specialist R&B, BP’s first venture into artificial intelligence (AI) technology in China. R&B’s energy management systems are…
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BP and Reliance Industries Limited (RIL) today signed a definitive agreement relating to the formation of their new Indian fuels and mobility joint venture. This follows the initial…
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The onshore segment is expected to undergo a declining phase during the forecast period 2018-2026. On the flip side, the offshore segment is projected to emerge as the fastest growing…
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The global well intervention market will gain significantly from the increasing demand for oil and gas from offshore areas.  As per the report in 2018, the global well intervention…
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Baker Hughes, a GE company (BHGE), opened its transformed Centre of Excellence (CoE) facility at an inauguration ceremony with Minister for Energy, Paul Wheelhouse, customers and…
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Anadarko Petroleum Corporation and the co-venturers in Mozambique's Offshore Area 1, announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project. This…
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Petrofac has secured its third project under a 10-year Framework Agreement with Petroleum Development Oman (PDO) with the award of a procurement services project for the Mabrouk North…
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BP have appointed ABB as one of its global Main Electrical Contractors (MEC) for the provision of engineering, procurement and construction of electrical equipment for BP Upstream Major…
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Subsea 7 S.A. announced that reflecting Subsea 7’s strong financial and liquidity position and improving market outlook as well as a rebalancing of cash returns to favour share…
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