A new report by capital market firm Jadwa Investment stated that partly as a result of global trade tensions, OPEC now expects to see oil demand growth from the US, China (and India) declining on a yearly basis in 2020
National Petroleum Construction Company (NPCC) and Petrofac, along with its joint venture China National Petroleum Corporation (CNPC), have won a front-end engineering design (FEED) contract from ADNOC’s Group company Al Yasat Petroleum
Shipoil has appointed Inatech, a unit of Glencore, to digitalise its trading and supply operations as part of a strategy to prevent new low-sulphur emissions rules from 2020 eating into profits
The projected value of the global Floating Storage Regasification Unit (FSRU) market in 2018 is US$1,217.9mn, and the market is estimated to reach US$2,380.3mn by 2026 with a CAGR of 8.7 per cent, according to a report on FSRU market by Persistence Market Research
The International Energy Agency (IEA) is closely monitoring developments in the Strait of Hormuz including the recent seizure of a UK-flagged oil tanker and stands ready to act if needed
