investment
Posted inNews
Aramco CEO calls Europe’s energy crisis plans a ‘short-term solution’
“Freezing or capping energy bills might help consumers in the short term, but it does not address the real causes and is not the long-term solution,” Nasser said
Posted inExploration & Production
Egypt’s Zohr gas field records major investment, output boost
Current production from the gas field jumped to 2.7 Bcm/d
Posted inEnergy Transition
IRENA, OPEC Fund sign partnership to advance renewable energy investment in developing countries
An MoU was signed in Vienna by IRENA’s Director-General Francesco La Camera and the Director-General of the OPEC Fund Dr Abdulhamid Alkhalifa
Posted inDRILLING & PRODUCTION
APICORP net income grows 3% in 2020
• Net income increased to $115 mn despite fallout from COVID-19 pandemic
Posted inDRILLING & PRODUCTION
Aramco-SABIC $1.3 trillion private investment drive to be driven by business, not state
Saudi Crown Prince Mohammed bin Salman announced the Shareek initiative as part of a broader vision to diversify the economy away of oil-dependency
Posted inProducts & Services
APICORP’s five-year energy investment outlook drops $173 billion
The overall decline in the investment outlook – mostly in planned investments – is largely attributed to the 2020 triple crisis: the COVID-19-related health crisis, oil crisis and a looming financial crisis
Posted inDRILLING & PRODUCTION
Global upstream investments set for 15-year low, falling to $383 billion in 2020
With 2019’s upstream investments calculated at $539 billion, the decline is set to bring annual investment to a level lower than that of the previous downturn