Energy efficiency will improve faster than global economic growth due to the rapid electrification of the world’s energy system, leading to a plateau in energy demand from 2030, according to DNV GL’s inaugural Energy Transition Outlook launched on 4 September 2017
Industry
JMMC shows positive indications towards oil market rebalancing processes
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee’s (JMMC) report has asserted that the oil market is showing positive result towards the goal of rebalancing
Petrotechnics launch Operational Excellence Index 2017 for oil global trends market
Petrotechnics, the developer of the world’s first software platform for operational excellence (OE), has launched the OE Index (OEI) 2017
Total acquires Maersk Oil for US$7.45bn in a share and debt transaction
Total has announced that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100 per cent of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a share and debt transaction
Oil drives Saudi’s fiscal deficit lower in H1 2017
Last week, Saudi Arabia’s (A1 stable) Ministry of Finance released its second-quarter budget performance report