Oil prices are rising today, keeping levels well over $70 per barrel, as the summer demand boost is still met with supply discipline and as negotiations that could bring back Iranian barrels to the market seem to be dragging in time
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Posted inProducts & Services
Oman ICT market to grow to $5.6 billion by 2024: SAP
OQ is working on its digital transformation strategy to improve operations
Posted inProducts & Services
SPARK signs agreement with Riyad Bank for future cooperation
SPARK is being developed to become a major integrated global energy and industrial hub founded on innovation, collaboration, and strong governance
Posted inPower List
Ahmed Ali Attiga
The Arab Petroleum Investments Corporation (APICORP) is an energy-focused multilateral development financial institution which aims to support sustainable development of the energy industry in its 10 Arab oil exporting member countries. Despite the impact of the pandemic, APICORP’s net income increased to $115 million in FY 2020, and its balance sheet grew by 7.5% to […]
Posted inProducts & Services
Stena Drilling acquires 30% stake in digital offshore lifting technology company Intebloc
The announcement follows Stena Drilling’s early adoption of Intebloc’s Rig-Ware solution, used for managing and tracking lifting equipment
Posted inPower List
Patrick Pouyanné
The most recent news out of this French energy major is its rebranding to TotalEnergies, as it looks to transform into a diversified energy company. “So today, to contribute to the sustainable development of the planet facing the climate challenge, we are moving forward, together, towards new energies,” CEO Patrick Pouyanné said. “Energy is reinventing […]
Posted inExploration & Production
TotalEnergies and Novatek partner to decarbonise LNG production
TotalEnergies and Novatek have signed a Memorandum of Understanding (MoU) to jointly work on reducing CO₂ emissions
Posted inExploration & Production
Gas must be involved in energy transition: GECF
The Gas Exporting Countries Forum (GECF) believes that it is gas that can realistically bring about the most efficient and environmentally friendly energy transition
Posted inProducts & Services
Drilling operations: A new service model for a new era?
The prevailing uncertainties of the global market mean drilling companies are having to make careful judgment calls on the extent to which they keep their assets primed for work
Posted inExploration & Production
Oil keeps strong on OPEC+ supply discipline and summer demand
High oil prices don’t seem to be going away soon and continue to maintain recent gains on Friday, supported by OPEC+ supply discipline and enthusiasm over the strong summer demand