Phaze Ventures, an Oman-based venture capital firm, and OQ, Oman’s global integrated energy services company, has signed a Memorandum of Understanding which will see the organisations work closely together to develop, deploy and invest in disruptive energy technologies from across the globe
Industry
‘Oil and gas industry should use technology to rethink global energy system’
The oil and gas industry should use technology to reimagine global energy system, highlighted Morag Watson, BP’s senior vice-president of digital science and engineering during the latest edition of the ADIPEC Energy Dialogue series
Middle East second highest contributor to global CDU capacity additions: GlobalData
Data analytics and consulting company GlobalData identifies Middle East as the second highest contributor to the global CDU capacity additions, contributing around 23 per cent by 2024
How the worst oil price crash in history changed the upstream industry
The oil price crash has wiped US$1.6 trillion off the valuation of the global upstream industry, according to the research and consultancy group Wood Mackenzie
GE executes O&M works at Iraq's Besmaya Plant
Aiming to boost Iraqs energy infrastructure, GE Gas Power has completed services on four 9F.03 gas turbines, two steam turbines and six generators at Iraq’s Besmaya Power Plant safely, while continuing to execute wider operations and maintenance (O&M) works at the site
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