oil and gas

Expenditure splash of $810 billion is expected for the offshore wind industry this decade

May 6, 2021

OSLO — The offshore wind industry’s global installed capacity is set to exceed 250 gigawatts (GW) by 2030, driven by a surge in coming......

Continue Reading >
Mammoet wins Aramco gas project contract work

May 5, 2021

Mammoet, one of the world's largest engineered heavy lifting and transport service providers, said it has secured a contract to provide heavy......

Continue Reading >
BunkerMetric strengthens bunkering decision tool

May 4, 2021

Bunker software supplier BunkerMetric has integrated its flagship BunkerPlanner application with Inchcape’s World of Ports (WoP) service to......

Continue Reading >
Middle East to become a market leader in renewable and clean energy

May 4, 2021

The Middle East is set to become a market leader in renewable and clean energy due to well-designed auctions, favourable financing conditions, and......

Continue Reading >
BDS calls on Palestine to leave Eastern Mediterranean Gas Forum

April 29, 2021

The Palestinian BDS National Committee has called on the Palestinian Authority to cancel its membership of the East Mediterranean Gas Forum (EMGF),......

Continue Reading >
Major Chinese investors in talks to take Aramco stake

April 29, 2021

Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia's state oil firm......

Continue Reading >
BP rebounds into profit as oil price recovers

April 28, 2021

LONDON: British oil giant BP said on Tuesday that it rebounded into first-quarter net profit as oil prices recovered from a virus-driven slump. Earnings......

Continue Reading >
Oil Dynamics completes key installation work for water project

April 27, 2021

Oil Dynamics, a German company providing pumping systems for oil and gas industry, in addition to the design, manufacturing and integration of technologies......

Continue Reading >
Dana Gas and Crescent Petroleum Resume Khor Mor Expansion Project

April 26, 2021

US$600m investment to increase production 57% within 2 years Production to grow from 440MMSCFD to 690MMSCFD by April 2023 Force Majeure lifted with......

Continue Reading >
WEEKLY ENERGY RECAP: Oil market torn between news from India, China

April 25, 2021

Oil prices retreated slightly from the one-month high of the previous week and made a slight weekly drop. On the week closing, Brent crude price......

Continue Reading >