Wood Mackenzie, global leaders in commercial intelligence for the energy, metals and mining industries, forecast that 2017 will be a year of stability and opportunity for the global oil and gas sectors
Industry
Axis appoint new regional development manager for oil and gas in MEA region
Axis communication appoint Meraj Khan as its new regional business development manager for oil and gas and critical infrastructure for the Middle East and Africa
Economic output and rising population to drive energy demand, reveals study
Global population growth of nearly two billion, doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are expected to contribute to growth in energy demand of about 25 per cent from 2015 to 2040, according to ExxonMobil’s 2017 Outlook for Energy: A View to 2040
UBM looks to move into Middle East with acquisition of Allworld Exhibitions
Leading global B2B events organiser UBM plc has announced that it has agreed to acquire Allworld Exhibitions for US$485mn, strengthening its leading position in Asia and providing it with an entry into the Middle East
Saudi Aramco inks agreements for drilling joint ventures
Saudi Aramco has signed agreements with Nabors Industries Ltd. and Rowan Companies plc, to create two joint ventures focused on onshore and offshore drilling