As much as US$1 trillion of investments has either been deferred or cancelled with the lower-for-longer oil prices, and this underinvestment will impact the future of energy, Amin Nasser, the chief executive of Saudi Aramco, said on Tuesday
Industry
Sparrows Group awarded crane contracts by Dubai Petroleum
Sparrows Group has secured two crane contracts with Dubai Petroleum, one for maintenance services and the other for the delivery of rental cranes
Interview: Dow discusses its AMINE MANAGEMENT Program for gas sweetening services
Adriano Gentilucci, Commercial Director, IMEA for Dow Oil, Gas & Mining, spoke to Oil Review Middle East about the companys new gas sweetening service
Petrofac wins Iraq contract
Petrofac has been awarded a contract, valued at around US$30mn, to undertake Project Management Consultancy (PMC) services for the Halfaya Contract Area (Halfaya) in southern Iraq
When will the oil market face peak demand?
A new report from Wood Mackenzie argues that peak oil market demand will not occur before 2035, but we are seeing facets of it already