China and Indonesia will be the major contributors for the growth of the global oil storage industry, as they are set to add the most planned storage capacity among all countries from 2018–2022, according to GlobalData, a leading data and analytics firm
Petrochemicals
ADNOC on track to raise production capacity to 3.5mn bpd
The Abu Dhabi National Oil Company (ADNOC) currently has an oil production capacity of around 3.3mn bpd, and remains on track to increase its production capacity to 3.5mn bpd by the end of 2018
DME Oman crude oil deliveries reach two billion bbl
Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has announced the delivery of its second billionth bbl of Oman crude oil since inception in June 2007, following the expiry of its August-delivery contract at the end of June 2018
ADNOC to highlight UAE’s energy transition vision during World Energy Congress
The UAE organising committee of the 24th World Energy Congress has announced that the Abu Dhabi National Oil Company (ADNOC) will be one of the host sponsors for the 2019 congress
NOV to provide drilling solution to Saudi Aramco
National Oilwell Varco, Inc (NOV) has signed an agreement with Saudi Aramco to form a joint venture in Saudi Arabia, aiming to provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services
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