The objective is to contribute towards the decarbonisation process of entire production chains
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Aramco and Baker Hughes commence construction on non-metallics joint venture in Saudi Arabia
Through its state-of-the-art manufacturing processes, R&D and localization focus, Novel expects to partner with customers to advance innovation in the energy sector
Offshore helicopter traffic plunged by 15% due to the pandemic but is set to recover from 2021
Traffic fell even though production facilities and moveable offshore drilling units only experienced limited disruptions
Energy efficiency drops to slowest rate in a decade: IEA
Investments in new energy-efficient buildings, equipment, and vehicles are expected to fall in 2020, with economic growth expected to fall by 4.6%
Gas is a natural ‘energy partner’ in post-pandemic recovery: GECF
Members at the GECF pinpointed Asia as the main demand centre for natural gas
Nexans
Nexans published its Integrated Report recently, in which the company emphasised its ambition and goal to become a “major player in the energy transition for a sustainable electrification of the world.” Nexans has commited to carbon neutrality by 2030.
Global shale industry on a recovery path after 8.1% production decline in 2020, says GlobalData
Unless an effective vaccine is made available, the uncertainty in global energy demand will continue to weigh down oil prices, and delay shale industry recovery
Aramco seeks to expand global footprint in chemicals
The Saudi oil giant has made increasing investments into downstream inside and outside of the kingdom
Aramco announces expansion of its flagship localization program
Plans involve business collaborations across multiple growth sectors
SPC approves ADNOC’s $122 billion capex for 2021-2025
ADNOC is aiming to drive $43.6 billion back into the UAE economy in that time