Oil exporters need to diversify economies to evade financial risks: IEA

chris liverani 480934 unsplashMajor oil and gas exporters need to reform and diversify their economies in order to overcome the financial risks in the years ahead, the new report by International Energy Agency (IEA), Outlook for Producer Economies, observed

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Upstream players must boost spending to meet future demand: Wood Mackenzie

rawpixel 983726 unsplashGlobal oil and gas development spending needs to increase by around 20 per cent to meet future demand growth and ensure companies sustain production in the next decade, according to Wood Mackenzie, a UK-based energy consultancy group

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DNV GL predicts oil demand to peak in 2023

oil peakDNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, has predicted that oil and gas demand will peak in 2023 and 2034

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Saudi Aramco signs 15 MoUs worth US$34bn

Amin Nasser President and CEOOil company Saudi Aramco has signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations worth more than US$34bn at the Future Investment Initiative (FII) forum in Riyadh

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Drilling Systems launches new technology for Jack-up rigs

OTR systemAdvanced simulator developer, Drilling Systems, has launched new technology to help raise competency and drilling standards across the world by revolutionising the way drilling crews are trained for Jack-Ups rigs

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