Sunday 31 May 2020

Engie deploys smart building services at G42’s Abu Dhabi lab

Engie Solutions, a part of global energy player Engie Group, is providing technology-based facilities management solutions to Group 42 (G42), a key artificial intelligence and cloud computing company, to help improve safety and efficiency within the new high throughput Covid-19 detection labora


Saudi Crown Prince discusses oil markets stability with Putin

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defence, yesterday (May 28) received a phone call from Russian President Vladimir Putin.   During the phone conversation, they discussed the efforts being exert


Oceaneering wins asset integrity contract in Mideast

US-based Oceaneering International, a top provider of engineered services and products to the energy sector, has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE. The award includes the provision of general and advanced non-destructiv


Petrofac seals Iraq contract extension with Basra Oil

Petrofac, a leading international service provider to the energy industry, said that its Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP).


Medium term oil prices trend lower

The coronavirus pandemic is hastening a structural change in aggregate demand for oil, reducing the oil industry's need to develop higher-cost reserves for reinvestment to support production levels and growth in the next three to five years.    Moody&rs


$400bn drop in energy investment likely this year: IEA

The worldwide economic shock caused by the Covid-19 pandemic is having widespread and often dramatic effects on investments in the energy sector, said the International Energy Agency's (IEA) World Energy Investment 2020 report.    At the start of the ye


Covid-19 intensifies urgency to expand sustainable energy solutions

Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals the new Tracking SDG 7: The Energy Progress Report released by the Inte


JA Solar to showcase new lineup of PV modules

JA Solar, a leading manufacturer of high-performance photovoltaic products, held an online exhibition ( on May 25 to showcase its latest high-efficiency products.   The exhibition was poised to offset clients' disa


DNO guides 2020 production and spend

DNO ASA, the Norwegian oil and gas operator, today provided production and spend guidance for the balance of the year ahead of its Annual General Meeting this afternoon.    The company reported that it has implemented the target 35 % reductions across all s


IPIECA appoints Mikkelsen as new chair

IPIECA, the global oil and gas industry association for advancing environmental and social performance, has appointed Equinor’s Morten Mikkelsen as its new Chair.   Mikkelsen brings nearly 40 years of oil and gas and energy industry experience to his new r

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