Offshore Network launches Middle East and North Africa Well Intervention Outlook
As the oil and gas industry is increasingly seeking sustainability, well intervention remains an obvious focus
Industry
ADNOC acquires stake in OMV
ADNOC has made the acquisition to advance its global chemicals growth strategy. (Image source: ADNOC)
ADNOC has acquired a 24.9% stake in Austria-headquartered OMV AG (OMV) from Mubadala Investment Company, in a bid to accelerate its global chemicals growth strategy
EarthSense and Al Murabit partner to bring air quality monitoring service to the oil and gas industry in Iraq
Under the agreement, Al Murabit Company will distribute EarthSense Zephyr monitors and leverage EarthSense’s data access web application, MyAir to provide an air quality monitoring service.
EarthSense, the air quality expert, has announced a distribution agreement with Al Murabit Company, a leading supplier to the oil and gas industry in Iraq, whereby Al Murabit Company will offer Earthsense’s air quality monitoring and consultancy services to upstream, midstream, and downstream companies in Iraq
Middle East contracts drive increase in global oil and gas contract value in Q4 2023
The oil and gas industry reported a quarter-on-quarter (QoQ) decline of 16% in disclosed contract volume in Q4 2023 according to a GlobalData report – but contract value increased marginally, thanks to major Middle East contracts
Global LNG demand set to rise by more than 50% by 2040: Shell
LNG demand is set to grow strongly. (Image source: Adobe Stock)
Global demand for LNG is forecast to rise by more than 50% by 2040, according to Shell’s LNG Outlook 2024
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