Contractors will have to compete harder than ever for work, with Rystad Energy revealing that oil and gas companies are set to significantly cut their investment budgets.
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Contractors set to feel COVID-19 impact: Rystad
Contractors will have to compete harder than ever, with Rystad Energy confirming that due to oil and gas companies cutting their investment budgets, it will only leave $US60 billion ($93.6 billion) worth
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Southeast Asia rig utilisation predicted to drop: Rystad
Southeast Asia’s rig market, previously poised for growth in 2020 is now set to decline following the impact of COVID-19 and the ongoing oil price war.
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FPSO sector braces for coronavirus impact
Rystad Energy has forecast that due to the coronavirus outbreak, floating production, storage and offloading (FPSO) vessels that are under construction in China, South Korea and Singapore will be delayed due to staffing and supply shortages in these countries.
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AWE completes Indonesian sell-down
The Indonesian Ministry of Energy and Mineral Resources and the regulator, SKK Migas, have approved the sale of a 50 per cent participating interest and the transfer of operatorship to Santos. The interest
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WorleyParsons records $A346 profit
The profit is despite poor performance from its hydrocarbons division, which made pre-tax earnings of $A585 million in the year ended 30 June 2012, an increase of 5.8 per cent, on the back of $A5 billion
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Stanwell seeks EOIs for Swanbank E facility
The tender closes on 15 June 2012. The Swanbank E Power Station is a 380 MW gas-fired combined-cycle power station located near Ipswich, Queensland. Commissioned in 2002, Swanbank E is supplied by gas
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