The Aramco Trading Company (ATC) has signed a non-binding Memorandum of Understanding (MoU) with Oman’s global integrated energy company, OQ SAOC, to explore joint commercial opportunities in the energy sector between the two companies
Industry
GPT Industries' EVOLUTION gasket successfully deployed in the Middle East
GPT Industries’ EVOLUTION gasket was successfully used to ensure a tight seal on a compressor located on an offshore platform in the Middle East
Aramco signs agreements with French companies
Aramco has signed five agreements with leading French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin, a pioneer in clean and intelligent transport solutions
Weatherford wins digital oilfield contract from KOC
Weatherford International plc has been awarded a three-year digital oilfield contract from Kuwait Oil Company (KOC), one of the digital leaders in the upstream industry
Omicron spread could cost oil demand almost three million bpd in Q1 2022
The Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to 95.7 million bpd, if it triggers more lockdowns or restrictions, according to Rystad Energy