The Organisation of the Petroleum Exporting Countries (OPEC) has said it is confident that it can supply enough oil to meet market demand this year, according to its latest Oil Market Report
Industry
Oil and gas sector facing critical talent crunch, warns Deloitte
Deloitte has revealed that oil and gas experts will have to face up to a looming talent shortage in all skill categories, according to its latest report
NPCC to spend US$500 million on upgrading equipment
Abu Dhabi-based National Petroleum Construction Company (NPCC) has said it will spend more than US$500 million to upgrade its offshore marine fleet, increase the capacity of its yards and improve equipment
Senergy opens Dubai office
UK-based Senergy has expanded its Middle East operations by opening an office in Dubai to help meet growing demand and consolidate its presence in the region
Global oil and gas spending to reach US$1.23 trillion in 2012
Total global spending on the upstream oil and gas industry will reach US$1.23 trillion in 2012 and is expected to rise to $1.64 trillion in 2016, with the Middle East region playing a key role in terms of total spending, according to energy consultant IHS
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