Honeywell will open a facility for the production of gas detection devices in Saudi Arabia, underscoring Honeywell’s commitment to the In-Kingdom Total Value Add (IKTVA) programme
Industry
'4IR adoption in Middle East energy sector to achieve operational excellence'
The economic demand destruction triggered by the COVID-19 pandemic should propel the Middle East energy industry to accelerate its adoption of the 4th Industrial Revolution digital toolbox and embed greater operational efficiencies, according to Gulf Intelligence
PDO starts commercial operation of Amin Photovoltaic Power Plant
Petroleum Development Oman (PDO) has begun operations of the 100-megawatt Amin Photovoltaic Power Plant
IEA: Global consumer spending on oil may fall below the amount spent on electricity
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year, with global investment in oil and gas is expected to fall by almost one-third in 2020, according to the International Energy Agency (IEA)
Petrofac extends Iraq oil contract
Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP)
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