Wednesday 26 July 2017
 
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Oil

Oil sector key market for drones in GCC

The market for drones in the GCC is expected to reach $1.5 billion by 2022, presenting a massive opportunity for regional telecom operators, according to Strategy&, formerly Booz & Company, and part of the PwC network. By

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Demand for Opec oil to fall next year

Opec has forecast that world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite an Opec-led output cut, a

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SIS inks partnership deal with Borr Drilling

Star Information Systems (SIS) said it has signed a deal with Borr Drilling, a leading contractor catering to the oil and gas industry across the globe, to implement software for management systems on board and onshore. The indust

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SIS inks partnership deal with Borr Drilling

Star Information Systems (SIS) said it has signed a deal with Borr Drilling, a leading contractor catering to the oil and gas industry across the globe, to implement software for management systems on board and onshore. The indust

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Oil will continue to play a key role in global energy mix: Nasser

The role of oil as a vital source of energy to the world is expected to continue for the long term despite the growth of alternatives, said Amin H Nasser, president and CEO of Saudi Aramco. At the World Petroleum Congress in Istan

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DNO acquires Norway exploration firm Origo

DNO, the Norwegian oil and gas operator, has announced the completion of the acquisition of Origo Exploration Holding, a privately-held oil and gas exploration company with a focus on offshore Norway and the United Kingdom. The tr

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DNO acquires Norway exploration firm Origo

DNO, the Norwegian oil and gas operator, has announced the completion of the acquisition of Origo Exploration Holding, a privately-held oil and gas exploration company with a focus on offshore Norway and the United Kingdom. The tr

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Crude oil prices extend bounce off 10-month lows

Oil prices were higher in European trade on Tuesday, extending their recovery from last week's 10-month lows, but futures stayed volatile in the face of fresh supply worries amid indications that US shale production will continue to rise, sa

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Opec output hits six-month high in May

With US oil and gas companies already stepping up activities in 2017, crude output climbed in May - the same month Opec met to extend its production cuts - to a six-month high, since November 2016, according to the organisation's latest mont

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Arcadis lands major Adnoc project consultancy contract

Arcadis, a leading global design and consultancy firm for natural and built assets, has been appointed by Al Hosn Gas, a subsidiary of Abu Dhabi National Oil Company (Adnoc), to conduct a health, safety and environmental impact assessment (HSE

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