Brent crude oil will end 2018 above US$75 a barrel, the highest year-end price in four years, according to 59 per cent of 200 energy industry executives polled by the GIQ
Petrochemicals
OPEC secretary-general inaugurates BPGIC storage terminal in Fujairah
Mohammed Barkindo, secretary-general of OPEC, has inaugurated Brooge Petroleum and Gas Investment Company’s (BPGIC) Phase II storage terminal in the emirate of Fujairah
Impact of new IMO regulations on Arabian Gulf’s oil export dynamics
The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank focused on the energy sector, has published its latest research report, analysing the impact on the Gulf’s oil dynamics of new fuel oil regulations for the shipping industry set by the International Maritime Organisation (IMO)
Global offshore projects to yield 8.1 mmbbl per day of crude by 2025, says GlobalData
Globally, the total crude and condensate production from announced and planned global offshore projects is expected to be around 8.1 mmbbl per day of crude and about 47.3 bcf per day of natural gas by 2025, according to GlobalData, a leading data and analytics company
Saudi-based Binzagr and AS-Schneider start valve production
Following the 2017 cooperation contract between industrial valves specialist AS-Schneider and the Saudi Arabian production and distribution company Binzagr, the production of valves and valve blocks has now been officially underway on-site
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