Around 54,000 wells to be drilled worldwide in 2021, a 12% increase from 2020 levels, and in 2022, drilling is set to increase even more, by another 19% year-on-year to about 64,500 wells, according to Rystad Energy
Industry
Webinar: Is flange corrosion an 'isolated' issue?
Oil Review Middle East is hosting a free webinar on flange corrosion on Tuesday 30 March at 2pm (UAE)
Mubadala signs MoU with Snam
Mubadala Investment Company (Mubadala) and Snam, one of the world’s leading energy infrastructure operators, have signed MoU to collaborate on joint investment and development initiatives on hydrogen
Saudi Aramco achieves a net income of US$49bn in 2020
The Saudi Arabian Oil Company has announced its full-year 2020 results, demonstrating exceptional resilience despite the macroeconomic impact of COVID-19 and delivering on its intended dividend payments to shareholders
Gulf Keystone Petroleum accelerates investment programme
Gulf Keystone, one of the leading independent operators and producers in the Kurdistan Region of Iraq, has announced the resumption of the companys growth plans to ramp-up gross production towards 55,000 bopd