The agreement is expected to ensure reliable power supply to some of Saudi Aramco’s key strategic assets
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Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030
Rystad Energy estimates that robotic drilling systems could bring cost savings of more than $7 billion in wages in the US alone
Oil gains on bullish expectations for the coming OPEC+ meeting
Oil prices rose on Wednesday as the market expects OPEC+ to keep a conservative output policy in the following day’s meeting, due to the speed lag of the oil demand recovery
Higher oil prices will not quickly reverse balance sheet deterioration
When higher oil prices result in higher revenues, governments may choose to allow their fiscal balances to improve or to increase spending to support their economies
Oil falls on Suez Canal blockade breakthrough and increasing Covid-19 cases
Oil prices fell on Monday as the Suez Canal blockade is getting closer to a resolution and as global Covid-19 infections rose for a fifth consecutive week
Aramco upstream head urges industry to “focus on reducing the carbon footprint of oil and gas”
Nasir Al-Naimi outlined the key components to move towards a cleaner energy mix, and Aramco’s ongoing and future plans
Eni and the University of Strathclyde to support transfer of oil and gas skills to renewables
The pair will develop and deliver a programme to help professionals and workforces working in the oil and gas sector in Scotland to transfer their skills to the renewable energy technologies
Oil dips as market corrects Suez blockade gains and US stocks rise
Oil prices corrected excess gains that accumulated from the Suez Canal blockade as the disruption’s effect is likely not one that will last too long, while US stocks rose last week
Iran ready to rejoin world oil markets: NISOC CEO
The company saw a 30% increase in its oil production in the first half of last year
Oil rises on Suez blockage and European purchases, but lockdowns take toll
Oil prices rose on Wednesday due to a blockage at the Suez Canal, which prevents normal traffic of oil tankers, but concerns that heavy lockdowns in Europe will affect the demand recovery still keep prices lower than few weeks ago