National Energy Services Reunited Corp (NESR), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (MENA) region, has announced multi-year contract awards in North Africa and Gulf regions for its drilling and evaluation product line
Industry
The EIU launches a high-frequency measure of oil market tightness
The global oil market tightened slightly in the week ending 23 November 2018, according to a new measure of oil-market supply created by The Economist Intelligence Unit and CargoMetrics, the oil adequacy index
GIQ survey: Oman should prioritise energy transition policies
Oman needs to prioritise strategies for reducing national demand for power rather than investing in delivering new energy supplies to meet its soaring call on energy, according to the Gulf Intelligence survey of 200 Omani energy executives and officials
Industry still awash in rigs and bullishness needs tempering: IHS Markit
Fuelled by increasing day rates and growing global demand growth for harsh environment (HE) semi-submersible offshore drilling rigs, some industry leaders are extremely bullish on future demand for these semis, according to IHS Markit, a leading global source of critical information and insight
Qatar withdraws from OPEC
Qatar has announced to withdraw from OPEC on 1 January 2019, putting an end to its 57-year membership of the producers’ cartel