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Global offshore oil and gas pipeline demand set for 26% drop in 2020, but recovery will be swift
Middle Eastern projects are likely to propel demand to almost pre-Covid-19 levels already from 2022 and push it even higher from 2023
Energy transition could push oil majors to sell or swap oil and gas assets of more than $100 billion
A study by Rystad Energy looked at the Majors+ to examine the impact of the energy transition
Global oil & gas project sanctioning is set to recover and exceed pre-Covid-19 levels from 2022
Total committed oil and gas spending is expected to drop to $53 billion from 2019’s $190 billion
Stalled demand and lack of Covid-19 vaccine may delay oil price recovery above $50 until 2021
Impact of low oil prices over longer term coupled with drop in tourism will challenge GCC economies, says Saxo Bank
Iraq appoints oil minister as head of national oil company
Placing Ismael at the head of the company could mean further development of the country’s oil and gas sector through INOC
Daniel Yergin releases book on oil’s ‘new global map’
The New Map: Energy, Climate and the Clash of Nations was released on Tuesday, and considers the energy transition and slowing oil demand
Kuwait cancels $400 million oil and gas project
The project was awarded earlier this year for the development of heavy crude facilities in the north of the country
We have reached peak oil demand: BP report
The most bullish scenario it outlined still saw demand remain “broadly flat” in the next two decades as the world moves towards lower-carbon energy.
ADNOC invests $245 million to upgrade main oil lines and Jebel Dhanna Terminal
The EPC contracts have a combined value of around $245 million and were awarded to China Petroleum Pipeline Engineering Company Limited – Abu Dhabi and Abu Dhabi-based Target Engineering Construction Co. L.L.C.