The company’s net profit jumped to $142mn in 9M 2019 compared to $41mn for the same period in 2018
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Posted inDRILLING & PRODUCTION
OPEC forecasts oil and gas will still supply most of global energy demand in 2040
Emerging markets are expected to drive 25% of growth in global energy demand by 2040
Posted inDRILLING & PRODUCTION
Dana Gas collections increase 16.7% to $230mn in first nine months of 2019
Its collections came from Egypt, the UAE, and its share of Pearl Petroleum Company in the Kurdistan Region of Iraq
Posted inDRILLING & PRODUCTION
The UAE now has sixth largest oil and gas reserves in the world
The Supreme Petroleum Council of Abu Dhabi announced significant growth in oil reserves, and new unconventional gas discoveries
Posted inProducts & Services
Asia set to contribute 56% of global new-build LNG regasification capacity growth by 2023: GlobalData
The Middle East stands third with new-build LNG regasification capacity of 2.1 tcf in 2023
Posted inProducts & Services
Total to acquire 37% stake in India’s Adani Gas for $600mn
Adani Gas Limited aims to expand its distribution of gas in the next 10 years through its 38 concessions covering 7.5% of the Indian population
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 inDRILLING & PRODUCTION
Oil and Gas Climate Initiative looks to carbon capture as part of climate change solution
The group, comprising leading energy companies, has introduced new measures to address climate change
Posted inDRILLING & PRODUCTION
EY global oil and gas leader on the industry’s role in the energy transition
Andy Brogan, EY global oil and gas leader, answered our questions about the future for oil and gas in a changing energy landscape
Posted inProducts & Services
Upstream oil and gas M&A and capital raising deals totaled $130.5bn in Q2 2019
The figure increasing dramatically from the $27.8bn total for global mergers and acquisitions in Q1 2019