Hydro Drilling Global, an affiliate of Hydro Drilling, has announced the signing of a distribution agreement with Nabors Drilling International Limited (NDIL), an affiliate of Nabors Industries, to market and deploy Nabors’ best-in-class technologies and services in Europe and Africa
Industry
EGPC and Baker Hughes collaborate to reduce emissions from flaring operations
Baker Hughes and Petrosafe, a subsidiary of the Egyptian General Petroleum Corporation (EGPC), have agreed to deploy Baker Hughes’ flare.IQ technology at the APC Refinery in Alexandria, Egypt, as the initial phase of a broader flare recovery partnership to help reduce emissions from oil and gas flaring operations
Aramco launches new research centre for low-carbon solutions
Aramco has inaugurated ARC KAUST, the Aramco Research Center at the King Abdullah University of Science and Technology (KAUST), which aims to accelerate the development of low-carbon solutions for the energy industry using advanced analytics
ADNOC urges private sector to invest in local manufacturing
Abu Dhabi National Oil Company (ADNOC) has announced it has identified AED70bn (approximately US$19bn) worth of products in its procurement pipeline which could be manufactured locally
IEA forecasts 8% rise in energy investment in 2022, driven by clean energy
Global energy investment is set to increase by 8% in 2022 to reach USD 2.4 trillion, with the anticipated rise coming mainly in clean energy, according to a new report by the International Energy Agency (IEA)