Credit rating agency Moodys said in a report that the drop in oil prices after 2014 did not change the direction of its medium-term real growth as the economy is supported by large surpluses
Exploration & Production
Digital technologies to shave costs for energy companies
Consulting firm McKinsey said that digital technologies are set to help energy companies cut costs
KBR gets contract to develop Iraq oilfield
Energy services company KBR Inc said it was awarded a contract by Basra Oil Company (BOC) to develop the Majnoon Oil Field in Basra
Total and Sonatrach to launch engineering studies for a petrochemical project in Arzew
As part of the comprehensive partnership announced in 2017, Total has signed an agreement with Sonatrach to launch the engineering studies for a petrochemical project in Arzew, western Algeria
TAQA reports 42 per cent jump in Q1 net income
Abu Dhabi National Energy Company PJSC (TAQA) reported a jump in net income for the first quarter on the back of climbing oil prices and cost cuts