Varel International Energy Services (VIES), the international supplier to the oil and gas industry, has announced a multi-million-dollar investment from Blue Water Energy, the international private equity firm that specialises in the energy sector
Industry
First ‘ADNOC On the go’ station opens in Al Bateen
The first ‘ADNOC On the go’ neighbourhood service station has opened its doors to the local community at Al Bateen, Abu Dhabi
Global oil demand down 2.8 per cent bpd in 2020: Rystad Energy
Global oil demand will decrease by 2.8 per cent or 2.8mn bpd per day year-on-year as the spread of coronavirus continue to escalate, according to consultant Rystad Energy
Saudi Aramco makes US$88bn profit in 2019
The Saudi Arabian Oil Company (Saudi Aramco) has announced its full-year 2019 financial results, delivering strong profits and dividends despite a lower price environment and challenging margins in refining and chemicals
Oil prices fall as coronavirus measures slash travel demand
The petroleum complex continued to tumble Monday, with Dated Brent falling below US$30 per barrel, and some gasoline crack spreads turning negative, as measures taken to slow the spread of the coronavirus have drastically slowed demand
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