The planned and committed investments in the MENA region will exceed US$792bn from 2020–2024, according to the Arab Petroleum Investments Corporation (APICORP)
Industry
Petrofac wins multi-million dollar Bahrain EPCC contract
Tatweer Petroleum has awarded Petrofac’s Engineering & Production Services (EPS) a multi-million dollar engineering, procurement, construction and commissioning contract (EPCC) for an upstream gas project in Bahrain
Siemens, Total collaborate to advance concepts for low-emissions LNG production
Siemens Gas and Power has concluded an agreement with Total, a broad energy group, to advance new concepts for the production of green liquified natural gas (LNG)
COVID-19, mild winter deliver historic shock to global natural gas market
The COVID-19 crisis and a mild winter in the northern hemisphere have delivered a historic shock to the global natural gas market, the International Energy Agency said in a new report
Economic slowdown to impact MENA LNG companies: GloablData
According to data and analytics company GlobalData, reduced demand due to economic slowdown in the Middle East and Africa (MENA) region, fuelled by the COVID-19 outbreak, has led to contract cancelations of supply of liquefied natural gas ( LNG) and cargo deferments by importing countries
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