Australia is set to become the world’s largest liquefied natural gas (LNG) exporter this year, overtaking Qatar, with its supplies expected to reach 81 million tonnes (MT) as Ichthys LNG and Prelude FLNG increase production, a Rystad Energy report shows.
ICR Integrity (ICR), a leading global provider of integrated maintenance and integrity solutions to the oil and gas, power, chemical and defence industries, has posted its annual results (year ending May 2019) reporting revenue of £31m representing a 12% increase on the prior year. Underlying earnings before interest, taxes and amortization (EBITDA) was £8.8m (FY18 £8.7m) after £1.1m opex investment in global operations.
MacArtney’s 2018/19 financials demonstrate a growing top and bottom line with increased activity in key underwater technology industries. With a continued presence in Oil & Gas, Ocean Science, Defence, Civil Engineering and a renewed strategy for Offshore Renewable Energy, MacArtney are increasing revenue today while supporting the development of tomorrow.
Oil production estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years, according to fresh research by Rystad Energy.
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