The share of electricity in transport will grow from 1% today to 23% in 2050, according to DNV’s latest ‘Transport in Transition’ report, with oil demand forecast to halve by 2050

Aramco, Baoshan Iron & Steel Co. (Baosteel), a leading steel conglomerate, and the Public Investment Fund (PIF) have signed a shareholders agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia

Carbon capture and sequestration (CCS) is a process that involves the capture of carbon dioxide (CO2) emitted from industrial processes, power plants, and other sources and the storage of this CO2 in geological formations or other structures where it will not contribute to global warming

Okeanus Science & Technology, LLC (Okeanus), an international provider of specialised ocean equipment and marine engineering services, announced the successful delivery of a 1,500 m depth rated, 500 kg safe working load, underwater mooring winch custom designed for integration within a large displacement uncrewed underwater vehicle (UUV) earlier this year

The three oilfield services (OFS) majors – SLB, Halliburton and Baker Hughes – all posted robust results for this year’s first quarter and saw steady growth year-on-year, with the Middle East being a key region for all three