DNV GL predicts oil demand to peak in 2023

oil peakDNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, has predicted that oil and gas demand will peak in 2023 and 2034

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Saudi Aramco signs 15 MoUs worth US$34bn

Amin Nasser President and CEOOil company Saudi Aramco has signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations worth more than US$34bn at the Future Investment Initiative (FII) forum in Riyadh

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Drilling Systems launches new technology for Jack-up rigs

OTR systemAdvanced simulator developer, Drilling Systems, has launched new technology to help raise competency and drilling standards across the world by revolutionising the way drilling crews are trained for Jack-Ups rigs

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Malaysia’s Petronas takes 10 per cent stake in Oman’s Khazzan gas field

petronasMalaysia’s Petroliam Nasional Berhad (Petronas) has announced that its subsidiary would buy a 10 per cent stake in Oman’s Al Khazzan gas field, following a bidding exercise held by the exploration arm of state-owned Oman Oil Company

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IEA: Global LNG market raises new challenges for the global security of energy supplies

iea gas 23The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers and raises new challenges for the global security of energy supplies, according to the International Energy Agency (IEA)

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