Industry

Conbit’s new knuckle boom crane enhances offshore lifting capabilities

conbit 20Conbit has enhanced its rental crane fleet by investing in a new knuckle boom crane that is ideal for specialist offshore lifting

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US$9.9bn in M&A recorded in global oil and gas equipment and services industry in Q3 2018

merger 19A combined value of US$9.9bn in mergers and acquisitions (M&A) was recorded in the oil and gas equipment and services industry in Q3 2018, according to GlobalData a leading data and analytics company

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Promise of IoT and AI in the oil sector very big – UAE Minister for AI

AI 19Omar bin Sultan Al Olama, UAE minister for artificial intelligence, has shared his vision of the oilfield of the future at ADIPEC 2018

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‘Middle East driving global growth in conventional oil output’

oil output 16Middle Eastern oil production is expected to grow by 2.7 mmbbl per day by 2025, according to latest Rystad Energy analysis

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MENA will remain main global supplier of oil and gas, says DNV GL

MENA 16The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century, according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050

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