ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects
Industry
Saipem completes Saudi gas compression plant pipelines project
Italy’s Saipem has announced in a LinkedIn post that it has completed the “South Gas Compression Plant Pipelines” project, which is designed to increase the life of a large number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia
Emerson develops new manufacturing hub in Saudi Arabia with Saudi AMANA
Emerson is expanding its presence in Saudi Arabia with the development of a new manufacturing hub at the King Salman Energy Park (SPARK), which is being built by Saudi AMANA
OPEC+ supply restraint sets the 2024 playing field for oil prices: S&P Global
Non-OPEC supply growth alone capable of meeting demand global growth while OPEC+ cuts keep floor under prices
Well integrity-specialist Coretrax plans further expansion
Coretrax, a leader in oil and gas well integrity and production optimisation, has appointed Colin Graham as the company’s first sales and operations manager for Africa as it plans for further growth in the region