The project is set for completion in the third quarter of 2022
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Too much LNG: Here are the producers better positioned to cut output as Covid-19 erases profits
LNG producers with short-run marginal costs that exceed spot prices are increasingly looking to curtail production
OFS stocks lost half their value since 2020 began
The best performers among services companies were in the EPCI sector
COVID-19 triggers delays in projects and investment decisions in global LNG liquefaction sector
LNG developers have started relooking at their strategies and capex plans for 2020
Industrial analytics in a post-pandemic world
AI Industrial Analytics can be used to predict maintenance failures and optimise production by harnessing existing industrial data
Kuwait to voluntarily cut 80,000 bpd in June
It is one of several Gulf nations making additionals cuts to production to help balance the market
UAE to cut output by 100,000 bpd in June
It is backing Saudi Arabia in a move to stabilise energy markets
ADNOC Distribution Q1 net profit drops 30%
ADNOC Distribution reported net profit of $109 million (AED 400 million) for Q1 2020, with free cash flow of $145 million (AED 533 million)
Saudi Aramco’s profit plunges 25% on coronavirus pandemic
The company’s income dipped to $16.6 billion for Q1 2020
Bahrain awarded tenders worth $4.9 billion in 2019
More than $740 million in value of bids awarded in Q1 of 2020