The Arab Petroleum Investments Corporation (APICORP) announced that its general assembly ratified a landmark increase in callable capital to US$8.5bn at its annual general meeting (AGM), as well as a significant increase in authorised and subscribed capital
Industry
Seismic market to suffer in current environment: Rystad Energy
The COVID-19 pandemic and the current low-oil-price environment have pushed global exploration and production operators to cut costs, scrapping all but the most vital of their investment plans
Supermajor Total revises capex of US$14.7bn for 2020
Total has announced a revised capex of US$14.7bn for 2020 by factoring average crude oil prices of US$30 per barrel
Italy’s Saipem to withdraw 2020 guidance
Italian oil and gas operator Saipem has decided to withdraw its 2020 guidance
ADNOC terminates Dalma deal with Petrofac
Oilfield services provider Petrofac has announced that its Petrofac Emirates joint venture has received notice of termination from Abu Dhabi National Oil Company (ADNOC) of two recently awarded contracts for the Dalma Gas Development Project
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