This year may see a broadly balanced oil market, reflecting slackening demand in advanced economies (impacted by monetary tightening), OPEC+ alliance cuts, plus a slowdown in non-OPEC supply, says economist Moin Siddiqi
Industry
WEG to showcase latest motors and drives at Egypt Energy Show (EGYPES)

WEG’s new ADV200-SP solar pump drive converts electrical energy supplied by a photovoltaic (PV) panel into mechanical energy. (Image source: WEG)
WEG, the global manufacturer of electric motors and drives, will exhibit its latest products and technologies at the Egypt Energy Show (EGYPES), taking place from 19-21 February at the Egypt International Exhibition Center in Cairo, Egypt
Aramco steps up venture capital investment

The increased investment aims to advance the company's long-term strategy, which includes a focus on digital technologies. (Image source; Adobe Stock)
Aramco has allocated an additional US$4bn to its global venture capital arm, Aramco Ventures, reflecting its focus on innovation and diversification
Raytec launches new Ex Streetlight
Raytec has launched SPARTAN Street, a new range of high-performance general area luminaires designed specifically for access roads, pathways, and building perimeters within hazardous area environments
Offshore Network launches new reports on global well intervention and decommissioning
Offshore Network has issued its latest Global Well Intervention Report and Global Offshore Decommissioning & Abandonment Report