Petrobras lets subsea services contract to TechnipFMC in Brazil

Petroleo Brasileiro SA (Petrobras) has awarded a 3-year master services agreement to TechnipFMC in Brazil, with a 2-year renewal option. The subsea services contract covers components for both the subsea equipment and flexible pipelines. Source: News


Global gas flaring declined in 2017 after years of growth, data show

Flaring of gas at crude-oil production sites worldwide went down in 2017 despite a 0.5% increase in production, the World Bank’s Global Gas Flaring Reduction Partnership reported. The nearly 5% year-to-year decline began to reverse years of increases that began in 2010, it said. Source: News