The crude oil sales agreements signed at the 2019 CIIE further solidify Aramco’s position as China’s top crude supplier
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Saudi Aramco and ADNOC boost global oil and gas contracts activity in Q3
Contracts worth $44.4bn were awarded in the Middle East during Q3 2019
Global energy demand to hit 357mboed in 2040: OPEC World Oil Outlook
Natural gas will not overtake oil, but will become the second-largest energy source globally
The UAE now has sixth largest oil and gas reserves in the world
The Supreme Petroleum Council of Abu Dhabi announced significant growth in oil reserves, and new unconventional gas discoveries
VR technology supports oil and gas plant simulation and skill development: GlobalData
VR has the potential to create virtual rigs using 3D simulation techniques to expose the workforce to the hazards of field operations in a cost-effective, yet risk-free way for the company
Tethys Oil farms into Block 56 exploration and production license onshore Oman
In consideration for the 20% interest acquired, Tethys Oil will pay to Biyaq a sum of up to $9.5mn
Oilfield service companies are going beyond oil: Rystad Energy
Rystad Energy reveals that oilfield services companies are breaking into the renewables sector
Norway has highest number of oil and gas discoveries in Q3 2019, says GlobalData
By region, South America and Europe led Q3 with eight discoveries each, followed by Asia and Africa with five each