Petrofac Clinches Another Contract

Petrofac Clinches Another Contract
Here are some of Rigzone's top stories during the last week, just in case you missed them...

Here are some of Rigzone's top stories during the last week, just in case you missed them…

Petrofac Bags Multi-Million Dollar Bahrain Deal

Petrofac’s Engineering & Production Services (EPS) division clinched a multi-million dollar engineering, procurement, construction and commissioning (EPCC) contract by Tatweer Petroleum for an upstream gas project in Bahrain. The deal follows a string of other recent awards.

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BP Writes Off Billions

Bloomberg reported that BP will make the biggest write-down in a decade on the value of its business. Non-cash impairment charges and write-offs in the second quarter are estimated to be in a range of $13 billion to $17.5 billion post-tax.

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BP Write-Down Implications Are Very Real 

Wood Mackenzie outlined that the implications of BP’s recently announced write-down are “very real” both in the near-term and long-term.

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Major Oil Producers Lose Appetite for Cuts

This is one of the topics Rigzone’s panel of informed observers referenced in their latest recap of hits and misses on the oil market.

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Texas Oil and Gas Poll Shows Wariness of Biden

Electing Joe Biden to the presidency this November would threaten the economic well-being of Texas Oil and Gas Association (TXOGA) member companies, according to a new survey.

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Here’s What’s Coming

Keep an eye out for these articles on Rigzone later today…

  • Chesapeake Alum Joins Laredo as CFO   
  • Petrodec Achieves Decommissioning Milestone  
  • Enbridge Offers Employees Early Retirement, Severance 
  • Dominion's Atlantic Coast Pipeline Pushed to 2022
  • Russia Methanol Plant Contract Goes to Johnson Matthey
  • Fugro Wins Three-year India Contract
  • Permian Operator Fully Digitizes Completions Ops
  • Saudi Aramco Propels Downstream Growth Strategy

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