Engineering company SNC-Lavalin has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corporation and GS Energy

The Abu Dhabi National Oil Company (ADNOC) has signed a strategic framework agreement with Italy’s energy company Eni to explore new opportunities for collaboration in carbon capture utilisation and storage, CCUS, and additional strategic opportunities in research and development across the oil and gas value chain

Rystad Energy continues to see a downward risk to prices, with further pressure on OPEC to implement even deeper production cuts in order to keep Brent oil prices around US$60 per barrel through 2020

Rystad Energy stated that the US and Iran seem to have stepped back from the brink of armed conflict, at least for now, but many oil and gas companies still face serious decisions about their short-term and mid-term plans in neighbouring Iraq, where tensions remain high

The Middle East is expected to contribute 17 per cent of global new-build trunk/transmission petroleum products pipeline length additions by 2023, according to data and analytics company GlobalData