WorldOil First oil Another mixed outlook awaits the EandP sector Saudis have few good options in talks with OPEC+ allies Saudi Arabia is considering means to end the slump in oil prices, but the options available to them are scarce. OPEC+ mission to buoy oil market enters make-or-break phase The latest mission by OPEC and its partners to contain an oil glut is entering its most critical phase. Aramco IPO bankers question whether deal is worth the effort When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort. Oil extends loss as U.S. and Iran signal return to negotiations Oil extended losses below $60/bbl on the prospect of easing tensions between the U.S. and OPEC member Iran, and as Gulf of Mexico producers began resuming operations after a storm. Sparrows Group secures approved supplier status from Saudi Aramco Global specialist equipment and integrated engineering services company, Sparrows Group, has bolstered its position in Saudi Arabia after securing vendor approval status from the national oil company, Saudi Aramco. McDermott wins FEED contract for Sohar LNG bunkering project in Oman McDermott International, Inc., announced it has been awarded a sizeable contract by Total Oman EandP Development B.V. in partnership with Oman Oil Company S.O.A.C. to provide front-end engineering design (FEED) services for the Sohar LNG bunkering project in Oman. Saudis pledge to keep doing OPEC's heavy lifting as shale surges Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication of the kingdom’s production since the supplier group extended curbs earlier this month. McDermott awarded sizeable offshore engineering contract by Qatar Petroleum McDermott International, Inc., announced it has been awarded a sizeable contract by Qatar Petroleum (QP) to carry out front-end engineering and design (FEED) work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion (NFE) project. McDermott wins record EPCI mega-project for Marjan Package 1 McDermott International, Inc., has announced that it has been awarded a contract in excess of $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP), in a consortium with China Offshore Oil Engineering Company (COOEC).