In its annual report of world recoverable oil resources, Rystad Energy finds that the USA holds 293bn barrels of recoverable oil resources, which is 20bn barrels more than Saudi Arabia and almost 100bn barrels more than Russia
Industry
Petrofac secures contract with Petroleum Development Oman
Petrofac, an oilfield service provider, has secured its third project under a 10-year framework agreement with Petroleum Development Oman (PDO) with the award of a procurement services project for the Mabrouk North East Pipe Procurement Project in Oman
KOTC renews marine lubricants agreement with Lukoil
The Dubai subsidiary Lukoil Marine Lubricants (Lukoil) has renewed its three year agreement with Kuwait Oil Tanker Company (KOTC), the subsidiary of Kuwait Petroleum Corporation (KPC)
BP: Carbon emissions from energy industry rose two per cent in 2018
The global energy demand grew by 2.9 per cent and carbon emissions grew by two per cent in 2018, faster than at any time since 2010-11, according to the 68th annual edition of the BP Statistical Review of World Energy
US leads global new-build trunk oil and gas pipeline additions
The US is expected to add the highest trunk pipeline length in the global oil and gas pipelines industry between 2019 and 2023, according to GlobalData, a data and analytics company
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