After years of talk about the declining role of oil in the global economy, and of OPEC’s demise, the COVID-19 pandemic has placed Middle East producers at the heart of the drive to prevent the health crisis becoming a global economic catastrophe, said data and analytics company GlobalData
Industry
Energy Intelligence launches benchmark for oil and gas companies
Energy Intelligence has announced the launch of a new benchmark that assesses which oil and gas companies are best placed and most exposed to the energy transition as part of its new Energy Transition Service
Petrofac makes more cuts as COVID-19 delays projects
Oilfield services company Petrofac has announced further cost cuts to mitigate the disruption caused by COVID-19 on project progress and lower oil prices
ADNOC CEO says oil markets will rebalance over time
There are signs that oil markets have tightened in recent weeks and will rebalance over time, said Dr Sultan Ahmed Al Jaber, UAE minister of state and Group CEO of the Abu Dhabi National Oil Company (ADNOC)
‘Hydrogen central to oil and gas industry decarbonisation efforts’
A new report by DNV GL has revealed that hydrogen has raised the priority list of many oil and gas organisations, taking a leading position in the sector’s decarbonisation efforts
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