Industry

IEA: Global consumer spending on oil may fall below the amount spent on electricity

IEA oil and ggas mayThe COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year, with global investment in oil and gas is expected to fall by almost one-third in 2020, according to the International Energy Agency (IEA)

Hits: 522

Read more ...

Petrofac extends Iraq oil contract

oil storage tank 5015840 640Petrofac’s 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)

Hits: 463

Read more ...

Axiory Global launches two new products to combat negative oil prices

russia 112445 640Leading Global Forex Brokerage firm Axiory Global has launched two brand new products that have been especially designed to combat negative oil prices: the US Oil Index and the UK Oil Index

Hits: 444

Read more ...

Operators to increase expenditure on oil and gas decommissioning work

refinery 514010 640Energy companies have been cutting exploration and production budgets since the COVID-19 pandemic struck and sent oil prices down, but operators are now likely to increase expenditure on decommissioning work with few profitable investment alternatives

Hits: 709

Read more ...

Oceaneering wins asset integrity scope contract in Middle East

35560488582 3ebb7a0d4a cEngineering services company Oceaneering International has been awarded a significant asset integrity contract from a major operator based in Dubai, UAE

Hits: 1569

Read more ...

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?