The Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to 95.7 million bpd, if it triggers more lockdowns or restrictions, according to Rystad Energy
Industry
Tenaris to supply line pipe to QatarEnergy for the North Field East project
Tenaris was awarded a contract by QatarEnergy (represented by its agent Qatargas Operating Company Limited) to supply a complete package of seamless line pipes and bends for the North Field East (“NFE”) project
Oil recovers as market corrects Friday's panic selloff: Rystad Energy
The emergence of another Covid-19 variant is threatening the level that oil demand has managed to recover to, however Friday’s selloff was extreme, explained Rystad Energy’s senior oil markets analyst Louise Dickson
Eni launches sustainable energy programme
Eni has strengthened its commitment towards an equitable and inclusive energy transition by launching the ‘Basket Bond – Sustainable Energy’ programme in collaboration with ELITE that aims to accelerate the growth and development of the supply chain
Omani biodiesel fuels the construction of first gas wellpad for PDO
Petroleum Development Oman (PDO) has completed the construction of the first-ever wellpad where all construction equipment utilised was fueled by Biodiesel