Petrofac, SOCAR to service BP Caspian Sea fields

BP has contracted a Petrofac/SOCAR joint venture to support its offshore and onshore activities in the Caspian Sea area.


Construction under way of offshore Cambodia oil platform

First steel has been cut for the minimum facilities wellhead platform (MiniPlatform) for Cambodia's first offshore oilfield development.


Offshore Cranes Market to hit USD 5 Bn revenue by 2026: Global Market Insights, Inc.

The demand for knuckle boom offshore cranes market is expected to rise significantly over 2019-2026 due to their low maintenance requirements and maximum efficiency. These cranes offer enhanced strength & flexibility, thereby increasingly being used in marine as well as oil & gas industries.


Delays loom for LNG and deepwater oil & gas projects as bottlenecks restrain service industry

A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators.


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