Overall conformity for June hit 95%
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OPEC compliance reached 87% in May 2020
GCC nations made additional cuts to help boost compliance
APICORP’s five-year energy investment outlook drops $173 billion
The overall decline in the investment outlook – mostly in planned investments – is largely attributed to the 2020 triple crisis: the COVID-19-related health crisis, oil crisis and a looming financial crisis
KOC accident kills one worker, injures another
The accident was caused by the ignition of gases during drilling operations at Al-Sabriya Refinery
Closing the loop: Bringing the circular economy to the oil and gas sector
The oil and gas value chain has always been a straight line, but the future is circular and sustainable, says Esra Al Hosani, technology specialist at ADNOC Offshore
KOC awards $3.57 million pipeline contract to HEISCO
The project will be implemented over a period of eight months
Indian refiners forced to issue force majeure notices: GlobalData
The lockdown in India has resulted in a sharp drop in fuel demand, forcing refiners to operate at lower capacities
Oil price stable on mixed signals: Rystad
Despite the OPEC+ deal, oil prices did not move sharply in either direction
KOC awarded $390 million contracts in Q1 2020
It was the largest contributor to the total value of contracts awarded in the first quarter, although the status of the contracts is unclear under current market conditions
ICAEW: COVID-19 pandemic brings Middle East economies to temporary standstill
The Middle East economy will see a sharp slowdown in the first half of 2020, picking up later in the year