The Abu Dhabi National Oil Company (ADNOC) has signed a strategic framework agreement with Italy’s energy company Eni to explore new opportunities for collaboration in carbon capture utilisation and storage, CCUS, and additional strategic opportunities in research and development across the oil and gas value chain
Industry
Oil prices poised for slide as tensions cool, says Rystad Energy
Rystad Energy continues to see a downward risk to prices, with further pressure on OPEC to implement even deeper production cuts in order to keep Brent oil prices around US$60 per barrel through 2020
Major questions facing oil and gas companies operating in Iraq
Rystad Energy stated that the US and Iran seem to have stepped back from the brink of armed conflict, at least for now, but many oil and gas companies still face serious decisions about their short-term and mid-term plans in neighbouring Iraq, where tensions remain high
‘Middle East set to contribute 17 per cent of new-build trunk petroleum products pipeline by 2023’
The Middle East is expected to contribute 17 per cent of global new-build trunk/transmission petroleum products pipeline length additions by 2023, according to data and analytics company GlobalData
Belzona unveils thermal insulation barrier providing corrosion protection
Belzona has developed a two-component, polymer, solvent-free system-Belzona 5871 that provides thermal insulation and corrosion protection while improving the safety, efficiency and durability of industrial equipment
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