Industry

OPEC meeting in Vienna agrees to raise oil output

opec oil rpoDuring the 174th Meeting of the OPEC Conference in Vienna, OPEC and non-OPEC global oil giants have agreed to raise crude production, a move that aims to control the recent rise in global oil prices

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US$3.3 trillion to be spent across planned oil and gas projects worldwide

plan 244A total capital expenditure (capex) of US$3.3 trillion is expected to be spent globally across oil and gas value chain on planned and announced projects between 2018 and 2025, according to GlobalData, a leading data and analytics company

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New investment models can boost MENA oil and gas sector

MENA Oil and gasNew investment models are required to encourage optimal development in MENA oil and gas sector, said Majid Jafar, CEO of Crescent Petroleum, during the OPEC Seminar in Veinna

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Lamprell to focus on Saudi expansion, drive kingdom’s oil and gas sector

oil and gas lamprellLamprell has announced an update on its strategy in Saudi Arabia and the development of its local presence in the kingdom

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World turns towards clean energy future: Thorsten Herdan

wind millsThe world can achieve a cleaner energy future if everyone starts using natural gas for the time being, according to the World energy minister during the G20 summit in Argentina from 13-14 June 2018

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