Petrofac makes more cuts as COVID-19 delays projects
Oilfield services company Petrofac has announced further cost cuts to mitigate the disruption caused by COVID-19 on project progress and lower oil prices
Industry
ADNOC CEO says oil markets will rebalance over time
There are signs that oil markets have tightened in recent weeks and will rebalance over time, said Dr Sultan Ahmed Al Jaber, UAE minister of state and Group CEO of the Abu Dhabi National Oil Company (ADNOC)
‘Hydrogen central to oil and gas industry decarbonisation efforts’
A new report by DNV GL has revealed that hydrogen has raised the priority list of many oil and gas organisations, taking a leading position in the sector’s decarbonisation efforts
Demand for remote inspection rises amid COVID-19
Bureau Veritas is reporting a rise in the demand for remote inspection of offshore assets and equipment since the COVID-19 outbreak
Saudi Aramco records 25 per cent drop in first-quarter earnings
Saudi Aramco has reported a 25 per cent drop in first-quarter earnings in the face of the collapse in oil prices and plunging demand arising from the COVID-19 pandemic
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