Claudio Descalzi, CEO of ENI, comments on his drive to expand in the Middle East, how digitalisation drove the company’s growth in the region, and what it brings to the Ghasha ultra-sour concession
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Posted inDRILLING & PRODUCTION
Oman crude oil averaged $63.96 in 2019, with decade average at $77.70
The DME Oman futures contract was launched in June 2007. Since inception the highest settlement price of $141.27/b was recorded July 4, 2008, preceding the global financial crisis that wiped more than $100/b from oil prices by year end
Posted inDRILLING & PRODUCTION
DME Oman to price Kuwaiti crude oil from February 2020
DME Oman crude oil futures contract is an official benchmark for Oman, Dubai, Saudi Arabia, Bahrain and now Kuwait
Posted inExploration
Open for business: How the Middle East’s new approach to partnership could transform the oil and gas sector
The Middle East’s changing approach to foreign partnerships, with an eye on diversification and transformation, is set to reshape the regional oil & gas sector and the IOCs that enter it
Posted inProducts & Services
GCC chemical industry reached revenue of $84.1bn in 2018
Oman’s chemical sector has the highest contribution to GDP among the GCC countries, with 5.1% in 2018, which is double that of the region
Posted inProducts & Services
NPCC invests $89.8mn on vessel for global deepwater projects
NPCC now has a vessel and barge fleet of 23 that enables it to undertake complex EPC projects
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Posted inPeople
Narrowing gender gap in STEM can contribute to economic growth in the Middle East
Some of the leading regional and international companies shared insights on how they are unlocking female potential in STEM roles at the Women in Leadership Economic Forum
Posted inProducts & Services
Intertek expands sour corrosion testing services at Sharjah Corrosion Facility
New and redesigned test equipment has been added to the laboratory, extending the services offered and addressing growing customer demand for both low water-cut electrochemical tests and the testing of fluids with elevated levels of hydrogen sulphide gas
Posted inProducts & Services
GE launches latest evolution of its HA gas turbine
GE has also secured an order for the 100th unit of its HA gas turbines.
Posted inO&G/RPME Awards
Winners of the Middle East Energy Awards to be announced today
Keep an eye on our social media for live coverage of the event, and to find out who won in each of our 16 categories!