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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.

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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.

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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.

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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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