Production at Sharara field has been shut down, the latest occurrence in the country’s blockade, which NOC Chairman Mustafa Sanalla calls “a true national crisis”
Author Archives: Staff Writer
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Iran will support deeper OPEC+ production cuts: Bijan Zanganeh
Iran’s oil minister noted that coronavirus would have a limited impact on the nation’s economy
Bahrain attracts 134 companies investing $835 million in 2019
The investments are expected to create more than 6,000 jobs in the local market in the next three years
ADNOC to cut greenhouse gas emissions by 25% by 2030
Despite its status as one of the industry’s lowest emitters, the national oil company has announced a set of sustainability goals
Russia still assessing additional OPEC+ cuts: Energy minister
Alexander Novak noted that there is no evidence of lower Chinese demand for Russia’s oil and gas
Tristar signs $24mn LNG shipping service contract with BP
The follows its recent addition of its first LNG tanker, the Tristar Ruby, to its fleet
CEOs turn to efficiency and upskilling to counter uncertainty: PwC report
66% of Middle East CEOs are confident about their company’s revenue growth in the next year, with 74% more confident about the next three years
Eni unveils its new supercomputing system HPC5
The supercomputer, housed in the Green Data Center in Ferrera Erbognone, is an essential tool to accelerate Eni’s transition toward the energy of the future
Coronavirus to slash Chinese LNG demand, US LNG tariff lift could save the day
A report by Rystad Energy found that while LNG demand out of China is expected to drop, it could increase LNG imports from the US as the phase-one deal is in effect
Russia counts on oil production growth even as it agrees to OPEC+ production cuts
2019 was a record year for oil production in Russia, according to its statistic agency