The oil and gas security and service market size is estimated to grow from USD 26.34 Billion in 2015 to USD 33.90 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 5.2% from 2015 to 2020.
These figures are according to Marketsandmarkets researchers from the company’s recently published report entitled, the “Oil and Gas Security and Service Market by Application (Exploration and Drilling, Refining and storage area, pipeline, transportation and distribution), Security type, Service type, Region – Global Forecast & Analysis to 2020”, The report segments the oil and gas security and services market into various subsegments with in-depth analysis and forecasting of revenues.
Continue reading Oil & Gas security market to reach $33B
NEC Corporation announced its receipt of an order from JGC CORPORATION for the delivery of telecommunications and security systems for the Kuwait National Petroleum Company’s large-scale Mina Al-Ahmadi Refinery, the construction of which JGC CORPORATION is involved in. The value of this order is approximately $10.7 million, and NEC will commence delivery of the systems from December 2015. Continue reading NEC to secure major Kuwait refinery with biometrics
Honeywell Process Solutions (HPS) was recently selected by Hoang Long Joint Operating Co. (HLJOC) to handle critical project management and engineering for a third oil and natural gas platform that will tap energy reserves in Te Giac Trang (TGT) Field, just off the coast of Vietnam. Continue reading Honeywell Process Solutions selected for critical off-shore project management in Vietnam
Indonesia is likely to partner with a Middle Eastern investor for building a petroleum refinery with a capacity of 150,000 barrels per day in Java, Indonesia. Continue reading Mideast investor likely to build oil refinery in Java, Indonesia
Hibiscus Petroleum Bhd‘s wholly owned unit, Carnarvon Hibiscus Pty Ltd (CHPL), will begin drilling an exploration well in VIC/P57 offshore Australia in June 2015. Continue reading Malaysia’s Hibiscus Petroleum unit to start drilling offshore Australia
South Korea’s top oil refiner SK Innovation Co. said it will partner with the state-run China National Offshore Oil Corporation to conduct oil and gas exploration in two blocks in the South China Sea, tapping the region for the first time. Continue reading Korea’s SK Innovation partners with China for oil exploration in South China Sea
The Vietnamese-Russian joint venture Vietsovpetro targets production of 5.1 million tonnes of crude oil in 2015, grossing revenue of $3.9 billion – contributing $3.9 billion to the state budget. Continue reading Vietsovpetro forecasts another big Year For 2015
PetroChina Guangxi Petrochemical Company (GXPC) is using Honeywell’s UOP process technology to purify hydrogen at a new refining complex in Qinzhou, Guangxi Province, China. Continue reading China refinery selects Honeywell for hydrogen purification technology
Lafarge Malaysia Bhd has bagged a $72 million contract from Petronas Refinery and Petrochemical Corp Sdn Bhd to provide concrete supply for the Refinery and Petrochemicals Integrated Development (Rapid) project and other Petronas-related projects in Pengerang, Johor. Continue reading Malaysia’s Lafarge bags $72M job for Pengerang project
Otto Energy Ltd. may complete its divestment from the Galoc oil field offshore Palawan early next year, according to its disclosure to the Australian Securities Exchange (ASX).
Continue reading Otto Energy, Nido Petroleum near deal for stake in Galoc oil field, Philippines