The Middle East oil and gas exporters are considered to be highly affected as the US energy exporters gaining more market shares in Asia, according to 63 per cent of industry executives polled in a Gulf Intelligence Survey
Sonatrach and Saipem have signed an agreement to end the litigations concerning the construction of a liquefied natural gas (LNG) plant in various fields in Algeria
More than US$79.6bn in capital expenditure (CAPEX) is set to be spent by Saudi Arabia Oil Co on oil projects in the next four years to ensure that country’s production remains around 11.2 mmbd in 2021, according to GlobalData
DNO ASA, the Norwegian oil and gas operator, has announced a 50 per cent hike in 2018 spending in Iraq’s Kurdistan region to US$250mn net to the company on the back of higher revenues and regular export payments
WEG, the global manufacturer of motor and drive technology, has developed bespoke variable speed drive systems, aiming to help with extraction from some of Oman’s older oil fields where the natural pressure is beginning to fade
