Natural gas is now 85% of Crescent Petroleum’s production, which has helped avoid 33 million tonnes of CO2 emissions by replacing diesel with gas to generate electricity
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2020 marks start of ‘decade of action’ UAE and international policymakers declare
Achieving targets set under the SDGs could open up $12trn of market opportunities worldwide, and create 380mn jobs, according to estimates
How Saudi Aramco discovered date-palm seeds could prevent lost circulation
Dr. Mohammad Amanullah, senior petroleum engineering consultant at Saudi Aramco’s EXPEC ARC, explains how he discovered that date-palm seeds were excellent lost circulation materials, and how his innovation could impact production
NETZSCH and Oil Dynamics create joint product to prevent blowouts and environmental impact
All critical components of the pumping solution have been moved below the surface, hindering leaks above ground
Libya NOC and Wintershall to establish joint operating company for Sirte Basin concessions
Wintershall Aktiengesellschaft will also contribute $150mn towards corporate social responsibility and sustainable development programmes and projects
Saudi Aramco valued at $1.88trn after market debut
The company’s shares hit the daily 10% limit of $9.39 (35.20 Saudi riyals) as trading began today
Saudi Arabia’s 2020 budget projects $49.87bn deficit
Crown Prince Mohammed bin Salman said that economic reform programmes have started to yield results, and emphasised the importance of the private sector in developing the kingdom’s economy
Libya NOC approves Total’s acquisition of Waha concession stake
Total will invest $650mn to develop the Waha concessions, in which it acquired a 16.33% stake through its acquisition of Marathon Oil Libya Limited
Repsol targets net zero emissions by 2050
The company is setting a decarbonisation path with intermediate targets for 2020 to 2040
Schneider Electric launches UAE smart distribution facility
It is the first Smart Distribution Center in the region and becomes the latest addition to the company’s growing worldwide network of smart operations facilities