Welltec has agreed a multi-year intervention contract through an alliance partner to support Equinor operations, in an agreement estimated to exceed NOK 1 billion ($108 million) for the fixed period only.
China has delivered its largest domestically built LNG carrier, Celsius Georgetown, advancing shipbuilding capacity. The vessel, bound for Singapore, measures 298.8 metres, holds 180,000 cubic metres, and features a dual-fuel, low-speed propulsion system.
Saudi-based Rawasi Al Bina Investment Company has signed a framework agreement with Saudi Energy Company for the execution of installation, replacement and maintenance works related to low- and medium-voltage overhead and underground distribution networks in the Qassim region.
Archer has been awarded a three-year contract extension by Equinor for the provision of wireline and intervention services on the Norwegian Continental Shelf.
Air Products announced plans to build, own and operate a air separation unit in Cocoa, Florida, producing liquid oxygen, nitrogen, and argon, with the plant expected to begin operations in the second half of 2028.
Intech has secured the Electrical Control System scope for an upstream gas project in West Africa, delivering fully integrated ECS cabinets with components and accessories to ensure reliable and efficient operations.
Global oil prices climbed further on Monday, underscoring mounting concern over the energy crisis triggered by the US-Iran conflict and shipping disruptions in the Strait of Hormuz.
Solar has become the leading source of new electricity generation, supported by battery storage that is beginning to provide system flexibility at scale, says the latest Global Electricity Review from Ember.
Petro Rabigh, a leading petrochemical company jointly owned by oil giant Aramco and Japan's Sumitomo Chemical, has announced that it has cut its accumulated losses to 14.77% of share capital, dropping below a key regulatory threshold after a capital reduction and a return to profit.
Enoc Group, an integrated global energy player, and Emirates Petroleum Company (Emarat) have signed a Memorandum of Understanding (MoU) to establish a Business Continuity Plan (BCP) framework.
