Even as international organisations forecast the first drop in global energy demand in over a decade, OPEC has yet to make a decision on its output cuts
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ADNOC plans to be one of the least carbon-intensive oil and gas producers
ADNOC CEO Dr. Sultan Al Jaber commented during the International Carbon Capture Utilisation and Storage conference in Saudi Arabia
Lebanon’s offshore oil exploration to begin on Thursday –official
The consortium, which includes Italy’s Eni and Russia’s Novatek, obtained its licence in February 2018.Exploration was due to start mid-January.
US oil & gas industry sees a drop of 11.7% in deal activity in January 2020
A total of 68 deals worth $4.46bn were announced in January 2020
Coronavirus impact on oil is like a house on fire: Saudi energy minister
Saudi Energy Minister Prince Abdulaziz bin Salman reportedly said that it could either be treated ‘with a garden hose’, or with ‘a fire brigade’
Saudi’s crude oil stockpiles shrunk in December – new data
The kingdom has been tapping its crude inventories following attacks on oil facilities in September 2019
Digital convergence of power management and process automation to boost oil and gas profitability
Automation convergence across power management and process could help oil and gas companies’ bottom lines, say Chris Dartnell, President Oil and Gas, Industrial Automation Business at Schneider Electric and Shebin Jalal, Global Solution Architect, Oil and Gas, Industrial Automation Business at Schneider Electric
Australian inventors to commercialise technology that soaks up oil spills
A material made from waste cooking oil and sulphur that can soak up oil spills and other pollution will be commercialised following a deal between its South Australian inventors and a Singaporean company.
Saudi Arabia, Kuwait restart shared oil field from Sunday
Wafra has been shut for over four years due to a dispute over Saudi Arabia’s Chevron Corp’s concession
Global oil demand to drop for the first time in 10 years: IEA
The IEA cut its 2020 growth forecast by 365,000 bpd down to 825,000 bpd, the lowest since 2011