Research has shown that rich nations are still providing subsidies of $88 billion annually to oil, coal and gas companies. The British, American and Australian governments continue to offer tax breaks to exploration and production companies to investigate potential new reserves and to establish possibilities for fully extracting reserves from existing and marginal fields.
Daewoo Shipbuilding & Marine Engineering (DSME) is cutting 3,000 employees from its workforce by end-2017 amid restructuring plans to raise liquidity.
Saipem has been awarded two new engineering and construction (E&C) contracts for onshore and offshore work in the Indonesian Tangguh (LNG) expansion project
Chevron has signed an agreement with Singapore Carbon Hydrogen Energy, a subsidiary of JOVO, for LNG delivery from the company’s global supply portfolio
Fugro announced today it has been awarded a geotechnical site investigation contract by ONGC India for the KG-DWN-98/2 project, on the East Coast of India
Drip-Quip was awarded a contract to supply subsea drilling and production equipment and related services offshore Indonesia.
Aker Solutions has been awarded a contract to provide engineering services for the development of oil and gas resources in the offshore Nam Com Son basin