OPEC acknowledges oil consumption will not continue growing forever: GlobalData’s MEED

opec globaldata PIxabayThe 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

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Penspen wins EPC contract from Target Engineering Construction Company

Penspen contact Copy for webPenspen 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

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ADNOC to maximise smart growth through strategic partnerships

ADNOC web Oct 2020Dr 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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KCA Deutag secures US$150mn of land drilling contracts in Oman

KCA PixabayGlobal drilling, engineering and technology provider, KCA Deutag (KCAD) has been awarded contracts worth more than US$150mn in Oman, from the country’s leading exploration and production companies

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NTS Group acquires Amega West Services

NTS rig PixabayNTS Group has announced the acquisition of Amega West Services from Carpenter Technology Corporation

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