Austria’s OMV celebrates 25 years of partnership with Abu Dhabi
It has been 25 years since Abu Dhabi and Austria signed a consortium agreement that laid the foundation for the strong and enduring commercial partnership
Industry
Wellpro Group announces Middle East expansion
Aberdeen-headquartered Wellpro Group has continued its international growth momentum with a new acquisition in the Middle East
Saudi Aramco facilities targeted in armed drone attack
Saudi Aramco has issued an official statement saying that it responded to a fire at East West Pipeline Pump station eight on 14 May which was caused by a sabotage incident using armed drones
‘Oil supply disruptions could see a violent price spike’
Rystad Energy reports that supply disruptions in the Middle East over and above an already tight crude market could send oil prices up violently
Global energy investment totalled more than US$1.8 trillion in 2018
Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency (IEA)
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