Industry

Economic output and rising population to drive energy demand, reveals study

ExxonMobil DanielParks FlickrGlobal population growth of nearly two billion, doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are expected to contribute to growth in energy demand of about 25 per cent from 2015 to 2040, according to ExxonMobil’s 2017 Outlook for Energy: A View to 2040

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UBM looks to move into Middle East with acquisition of Allworld Exhibitions

meosLeading global B2B events organiser UBM plc has announced that it has agreed to acquire Allworld Exhibitions for US$485mn, strengthening its leading position in Asia and providing it with an entry into the Middle East

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Saudi Aramco inks agreements for drilling joint ventures

saudiaramcorigSaudi Aramco has signed agreements with Nabors Industries Ltd. and Rowan Companies plc, to create two joint ventures focused on onshore and offshore drilling

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Petrofac awarded Iraqi oil services contract

US Navy 030629 N 4790M 006 Commercial oil tanker AbQaiq readies itself to receive oil at Mina Al Bkar Oil terminal MABOT an off shore Iraqi oil installationSouth Oil Company (SOC) has awarded Petrofac a one-year contract to continue to provide operations and maintenance services at its export facilities for the Iraq Crude Oil Export Expansion Project (ICOEEP)

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Qatar and Glencore buy US$11.3bn stake in Russian oil

Rosneft azsQatar's sovereign wealth fund - the Qatar Investment Authority (QIA) - and commodities trader Glencore are jointly buying a 19.5 per cent stake in Rosneft, Russia's largest oil company

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