As the UAE celebrates its 51st National Day, I can’t help but think back about the remarkable transformation of Abu Dhabi from a village to a thriving oil exporter
ANALYSIS
The controversial Russian oil price cap: 5 facts you need to know
EU ambassadors have failed to agree on the maximum price at which Russian oil should be allowed to trade
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Exclusive: Saipem to continue bidding for engineering and construction projects, CEO says
Despite increasing EPC activity, addressing climate issues remains a key concern, Saipem’s CEO Alessandro Puliti said.
ADNOC’s Hail and Ghasha megaproject: 5 facts you need to know
Here are 5 facts you need to know about the project
Indian EPC giant L&T reports 57 contracts in 2022
Larsen & Toubro (L&T) has won over 57 contracts so far in 2022 as it continues to strengthen its presence in the oil and gas EPC sector, Construction Week reported. Last month, the company reported “better-than-expected” second-quarter profit, on the back of a surge in order inflows. The company’s profit grew by 22.5% to $269.35 […]
Aramco’s giant Zuluf oilfield expansion: 5 facts you need to know
Owned and operated by Saudi Aramco, the field is being expanded under the Zuluf field development programme
Oil prices “flirting with $100” could be dangerous for world economies, IEA chief says
Analysts say oil prices could return to above $100 per barrel again, sooner than expected
Oil smuggling worth millions of dollars can be prevented using technology, experts say
Iraqi experts believe that hundreds of billions of dollars can be saved every year if Iraqi authorities utilise simple and low-cost technologies in preventing the theft and smuggling of Iraqi oil, according to an Arabian Business report. Oil theft costs the country $750 million every month, which is about $9 billion every year, which is […]