Saudi Arabia’s oil revenues dropped by 24 per cent in Q1 2020 compared to the corresponding period of 2019, according to Jadwa Investment’s report on the Kingdom’s Q1 2020 Budget Statement
Industry
ADNOC and ADPower launch offshore power network tender
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) have issued a joint tender for a subsea transmission system connecting ADNOC’s offshore oil facilities to ADPower’s onshore electricity grid
Where are global energy markets heading?
Today’s oil price crisis is not an oil market story but a global economy story, delegates at a Gastech webinar heard
Global energy demand to plunge this year: IEA
The COVID-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost eight per cent
APICORP announces COVID-19 support package
The Arab Petroleum Investments Corporation (APICORP) has launched a US$500mn countercyclical support package aimed at supporting its clients in the energy sector to mitigate the COVID-19 impact
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