Weaker oil and COVID-19 lockdowns squeeze economic activity and push down 2020 forecasts
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KOC awards $3.57 million pipeline contract to HEISCO
The project will be implemented over a period of eight months
Fresh OPEC+ cuts point to crude and condensate supply deficits through 2021
The last surplus month appears to have been May
MENA LNG companies likely to put off upcoming projects due to economic slowdown
The cascading impact of global LNG supply overhang coupled with reduced demand may lead companies to withhold or delay their capital spends on upcoming multi-billion-dollar gas projects, says GlobalData
OGTC appoints Martin Gilbert as chair
He succeeds Archie Kennedy, who has been part of the OGTC Board since the organisation’s inception in 2017
OPEC supply cut compliance at 74% in May
While Saudi Arabia and other Gulf countries made additional cuts to their production, some nations lagged behind on their commitments
Coronavirus pandemic should push regional energy industry to digital tipping point: GIQ
A new study by Gulf Intelligence revealed that experts believe digital adoption will increase following the pandemic
Coronavirus is causing the biggest fall in global energy investment in history: IEA
Impacts are being felt across the energy world, from fuel and power supply to efficiency, with serious implications for energy security and clean energy transitions