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Catch up with the latest industry news here.
Bahrain has planned to invite international oil companies to help develop the first major discovery in decades. It hopes to begin production in 5-years. Currently, this oldest and smallest energy producer of the Persian Gulf derives most of its revenue from crude exports. However, its finances are under strain due to lower oil prices. This new discovery can raise the production manifold. Source: Oil and Gas People
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The largest ever subsea services contract has been won by Kreuz Subsea. In this regard, the company will mobilize 5 vessels to provide subsea construction works for Indian engineering group Larsen and Toubro. Under the contract, Kreuz Subsea will help L&T install riser clamps, risers, crossing works, tie-ins, subsea trenching and hydro-testing of pipelines under ONGC’s Pipeline Replacement Project (PRP4) and Daman field development offshore western India. Source: Offshore Magazine
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An ongoing trade war between China and the US may lead to China targeting the Shale fields in the US. Apart from sensitive farm items, Beijing is targeting petrochemicals and liquefied propane indicating that it might use energy as a weapon to retaliate against planned American duties on high-tech goods. Source: Bloomberg
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Sabah Shell Petroleum has won the TechnipFMC, an EPCI contract for Gumusut-Kakap Phase2 project in offshore Sabah, Malaysia. In this regard, it will supply and install subsea equipment including umbilicals, flowlines and subsea production system.  Source: Offshore Magazine
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There has been a cyber-attack on Latitude Technologies, which supplied electronic data interchange services to several large energy providers in the US. Following this, several major US natural gas pipeline was shut off, out of which at least 5 confirmed a service disruption caused due to hacking. However, the companies didn’t alert the US Transportation Security Administration since the same is not mandatory as per the law of the land....
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