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Photograph of industry set up near the sea kruez.
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...
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Photograph of an oil field at sunset shale.
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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Oil drilling set up in the sea VED Technip.
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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