The energy transition continues to accelerate, with oil demand projected to peak as soon as 2025, according to new research by leading global consultancy, McKinsey & Company

Sustained high commodity prices and increasing oil and gas supply are set to push upstream sector payments to governments to an all-time high of US$2.5 trillion this year, with Saudi Arabia topping the list in terms of total cash flow to government from the sector, according to Rystad Energy research 

Celeros Flow Technology has enhanced its comprehensive pump re-engineering service, which aims to optimise pump performance and reduce total cost of ownership (TCO) as well as renewing obsolete equipment

Marine and lifting equipment specialists Motive Offshore Group and subsea and decommissioning equipment rental specialists Hiretech have joined forces in the Middle East to bring superior technology and service solutions to a growing market

Penspen, a leading global energy services company, has secured more than US$25mn worth of new contracts during the first quarter of 2022, including more than eight new contracts in the Middle East across the project management consultancy, engineering, and asset integrity service lines