Aramco and Baker Hughes have announced the formation of Novel, a 50/50 JV to develop and commercialise a broad range of non-metallic products for multiple applications in the energy sector
Industry
TechnologyCatalogue.com strengthens Middle East presence
TechnologyCatalogue.com, one of the fastest growing technology platforms for the global energy sector, has signed up a local partner in Kuwait to focus on country-specific technology solutions as the company scales up its presence in the Middle East
COVID crisis intensifies need for urgent action to ensure energy efficiency
Global progress on energy efficiency may slow further this year as a result of the economic impacts of the COVID-19 crisis, according to the International Energy Agency (IEA)
Vaccine optimism propels GCC markets and oil prices higher, says Markaz
All GCC equity markets ended the month positively as oil prices jumped by 27% for the month after pharmaceutical firms Pfizer, Moderna and AstraZeneca announced the eminent release and availability of COVID-19 vaccine, according to Kuwait Financial Centre Markaz’s market review report
OPEC+ agrees to increase output after tense negotiations
Tense negotiations and rumours of a rift between Saudi Arabia and the UAE ended with a compromise deal for OPEC+ on 3 December 2020
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