As oil prices approach US$70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC
Industry
Saudi Aramco international bond attracts US$100bn
Saudi Aramco debut international bond offering had attracted more than US$100bn, sources familiar with the matter said
Raccortubi Group obtains EAC certification
Raccortubi and its production mills, Petrol Raccord and Tecninox, have obtained the EAC certification (Eurasian Conformity) in compliance to CU TR (Custom Union Technical Regulations) 032/2013
Saipem wins US$200mn offshore drilling contracts
Italian offshore contractor Saipem has won new offshore drilling contracts in Norway and the Middle East totalling more than US$200mn
Global oil and gas discoveries on the rise: Rystad Energy
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger role of the conventional resources discovered in the first quarter, according to Rystad Energy
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