Industry

Oil and gas sector tops Forbes profit growth list of 2019

26952236305 4caea110a9 zOil and gas have advanced past technology and communications to become the leading sector in the Forbes 2019 list of the world’s largest public companies with a 16.2 per cent y-o-y growth in revenue generation, according to GlobalData, a data and analytics company

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Brazil fuels booming global FPSO market

8699927352 ac8f0d1fcf zThe global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance, according to energy research firm Rystad Energy

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Global oil and gas contracts value up by 79 per cent, says GlobalData

43163985545 316df48725 zThe total contract value of the global oil and gas industry reached US$42bn in Q2 2019, a 79 per cent increase on Q1’s value of US$23.4bn, according to GlobalData, a data and analytics company

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Rystad Energy report shows oil demand growth at a decade low

8026229759 4a776c96e0 zConsultancy firm Rystad Energy said the outlook for short-term oil demand remains weak over global economic uncertainty and a fierce trade war between the US and China

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Shelf Drilling announces jack-up contract extension in Nigeria

48403439391 b102437b5d zDubai-based Shelf Drilling has announced that it has secured a six-month contract extension for the 2008 Shelf Drilling Resourceful jack-up rig

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