This rise in output occurred after OPEC and non-OPEC producers failed to agree on a proposal to freeze output in Doha on April 17 in a bid to stabilise prices
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Much ado about nothing
Hopes were high for a positive output freeze deal at the rare OPEC and non-OPEC rendezvous in Qatar last month.
GPCA: industries should invest in Open Innovation
Investing in innovation today can help producers address the challenges of tomorrow, says Dr Abdulwahab Al-Sadoun
Engineering Focus: Grand Design
RPME looks at the latest innovations in plant engineering, construction and design, and how those are driving competitiveness and boosting operators’ bottom line
Asia buys more Mideast heavy crude in Q1 2016
Latin American crude sold to Asia fell 1% in the first three months of 2016 from a year ago, while Middle East exports to Asia rose 7% in the first quarter
Top 10 ICT companies servicing the O&G industry
Arabianoilandgas.com presents a list of the top 10 Information Technology (IT) companies, in terms of revenue, servicing the regional oil and gas industry. The list has been prepared with inputs from the International Data Corporation (IDC)
Bahrain’s oil & gas industry gets financial boost
The $570mn sharia-compliant, five year financing is the first foray for nogaholding into the syndicated credit markets
Comment: Another lost decade in the making
Hopes for a successful global oil cut deal brokered for the first time in 15 years are fading, believes Julius Baer’s Norbert Ruecker
UAE fortifying energy future
UAE is now strengthening its oil and gas industry by not just pooling in money on projects, but also securing reliable customers, such as India
OGME Special: Precious partners
Oil & Gas Middle East presents the suppliers that could help your business enjoy a prosperous 2016