A comprehensive Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around US$50 per barrel, down around 10% over the last two years, and 35% since 2014
Industry
Spotlight on future energy landscape at Siemens Energy conference
Siemens Energy held a MEA Week virtual conference in partnership with the DIHK, Ghorfa, GMIS and Masdar, from 19-21 October 2020, to drive forward the sustainability and decarbonisation agenda at a defining moment for the energy industry
OPEC acknowledges oil consumption will not continue growing forever: GlobalData’s MEED
The Organisation of Petroleum Exporting Countries’ (OPEC) recognition that global oil consumption will not continue growing forever is part of a growing chorus of gloom about the long-term outlook for oil, according to GlobalData’s MEED
Penspen wins EPC contract from Target Engineering Construction Company
Penspen has been awarded a detailed engineering contract for crude receiving facilities at Jebel Dhana from Target Engineering Construction Company, an engineering, procurement and construction (EPC) contractor in Abu Dhabi, the UAE
ADNOC to maximise smart growth through strategic partnerships
Dr Sultan Ahmed Al Jaber, UAE minister of industry and advanced technology and Group CEO of the Abu Dhabi National Oil Company (ADNOC), has shared insights on energy market dynamics, the energy transition and ADNOC’s future strategy during a virtual session of the Energy Intelligence Forum
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