GLOBAL OIL
2018 ended with a surge of subsea tree awards as E&P Operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?
Equinor sold natural gas for around USD 26 billion in total in 2018, an increase of 29 percent from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030.
Rowan Companies plc (NYSE: RDC) (“Rowan”) and Ensco plc (NYSE: ESV) ("Ensco") jointly announces that both companies’ shareholders voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each Rowan share they own.
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